RESOLUTION NO. 2012-12
TOWN COUNCIL OF LEO-CEDARVILLE
RESOLUTION AMENDING PERMITTED USES OF FUNDS LOCATED IN THE “FREEDOM FESTIVAL” DONATIONS FUND
WHEREAS, the Town Council for the Town of Leo-Cedarville previously passed a Resolution creating a temporary “Freedom Festival” donations fund for the purposes of managing proceeds given to the Town for the purpose of the “Freedom Festival” and/or the “5K Freedom Run”, Resolution No. 2011-03; and
WHEREAS, that resolution stated that “all” expenditures from said fund shall be strictly limited to expenses from managing and operating the “2011 ‘5K Freedom Run’”; and
WHEREAS, following the 2011 5K Freedom Run, and after all expenses for that event had been paid, there remained surplus funds in the Freedom Festival Donations Fund; and
WHEREAS, the resolution states that in the event that surplus funds remained, the Freedom Festival Fund would remain active until further action is taken by the Town Council.
NOW THEREFORE, be it resolved by the Town Council of the Town of Leo-Cedarville, Indiana that:
The Freedom Festival Donations fund shall be maintained as an active fund of the Town of Leo-Cedarville.
All donations received by the Town for the “Freedom Festival” or the “5K Freedom Run” shall be deposited into the fund. All such money may be used to pay expenses of the “Freedom Festival” and /or “5K Freedom Run” for 2012 or for any subsequent year.
Passed and adopted by the Town Council of the Town of Leo-Cedarville, Indiana on this 12th day of June , 2012.
| John Clendenen
| Paul Steffens