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RESOLUTION 25-2022 <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF <br />MOORESVILLE, INDIANA APPROVING A TRANSFER OF FUNDS <br />BETWEEN THE MOTOR VEHICLE HIGHWAY RESTRICTED FUND #2203 <br />AND THE LOCAL ROAD AND BRIDGE MATCHING GRANT FUND #4500 <br />WHEREAS, the Town of Mooresville (the "Town') is a municipality organized <br />and existing entity under the provisions of Ind. Code 36-5-1; <br />WHEREAS, the Town received funds from the INDOT Community Crossings <br />Grant ("Grant") requiring local matching money in the amount of Three Hundred Forty <br />Four Thousand Five Hundred and Seventy Nine Dollars and Sixty Four Cents <br />$344,579.64), and said funds were deposited into the Motor Vehicle Highway Restricted <br />Fund #2203 ("MVH Restricted Fund"); and <br />WHEREAS, pursuant to the provisions set forth in Ind. Code 36-1-8-12, the Town <br />created a special fund named the Local Road and Bridge Matching Grant Fund #4500 <br />("Local Road and Bridge Matching Grant Fund") in order to deposit grant money and <br />matching money; and <br />WHEREAS, in furtherance of Ind. Code 36-1-8-12, in order to use the grant <br />proceeds for their intended purposes, the matching funds that were deposited into the <br />MVH Restricted Fund must be transferred into Local Road and Bridge Matching Grant <br />Fund. <br />NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of <br />Mooresville, that the Clerk- Treasurer is authorized to transfer funds between the MVH <br />Restricted Fund and the Local Road and Bridge Matching Grant Fund as follows: <br />$344,579.64 from the MVH Restricted Fund (42203) <br />Local Road and Bridge Matching Grant Fund (#4500)- $344,579.64 <br />C:\NRPortbl\ACTIVE\AOLBRICHT\Mooresville transfer resolution- MVH to LRSGMF- 12-6-22.DOCX <br />