ORDINANCE NO. 2013-1
AN ORDINANCE ADOPTING A CAPITAL IMPROVEMENT PLAN NUNC PRO TUNC FOR 2012 AND PROSPECTIVELY FOR 2013 SPECIFYING THE REVENUES TO BE RECEIVED UNDER THE COUNTY ECONOMIC DEVELOPMENT INCOME TAX FOR THE TOWN OF LEO-CEDARVILLE
WHEREAS, Allen County has adopted a County Economic Development Income Tax (“CEDIT”); and
WHEREAS, Indiana Code 6-3.5-7-15 permits the Town Executive to adopt a Capital Improvement Plan specifying the uses of the CEDIT fund revenues; and
WHEREAS, the Town Council of the Town of Leo-Cedarville, historically adopts a an Ordinance approving the Town’s Capital Improvement Plan; and
WHEREAS, a Economic Development Plan was created for the Town for 2009 through 2012, which was not adopted by ordinance of the Town Council; and
WHEREAS, a separate Economic Development Plan for the years 2011 and 2012 was adopted by the Town Council by way of Town Ordinance 2010-03; and
WHEREAS, no other ordinance was adopted by the Town Council approving an Economic Development Plan for 2012; and
WHEREAS, the Town Council wishes to approve an Economic Development Plan specifying the uses of CEDIT fund revenues received by the Town in 2012 and 2013.
NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF LEO-CEDARVILLE, INDIANA;
The Council hereby adopts the attached “Exhibit A”, as if set forth herein in full, as the Capital Improvement Plan for the Town of Leo-Cedarville to be funded by calendar years 2012 and 2013 CEDIT revenues.
To the extent any expenses described in the plan are not covered by the CEDIT fund, the expenses will be paid from Town appropriations made therefore.
To the extent that this Ordinance applies to the Town’s CEDIT fund revenues for 2012, it is passed nunc pro tunc as permitted by Indiana Code 6-3.5-7-15. All CEDIT funds previously received by the Town and previously expended by the Town in 2012 where expended consistently with this plan.
Passed and adopted by the Town Council of the Town of Leo-Cedarville, Indiana on this 26th day of February , 2013.
| John Clendenen
| Paul Steffens
This Ordinance was drafted by Town Attorney, Patrick L. Proctor #17509-02.
CEDIT Improvement Plan
|2013 Estimated Revenue||$297,000.00|
|Debt service for 2010 Road Improvement Projects||$185,000.00|
|Town Maintenance Facility||$150,000.00|
|State Road One Trail||$250,000.00|