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ORDINANCE NO. 12-00 AN ORDINANCE PROVIDING FOR THE ESTABLISHMENT OF THE KALBERER ROAD IMPROVEMENT FUND Prepared by the Clerk-Treasurer WHEREAS, Greenwalt Development, Inc., Calvary Baptist Church, and Purdue Research Foundation are property owners abutting Kalberer Road who are obligated under West Lafayette requirements to improve certain half-widths of Kalberer Road; and WHEREAS, the Board of Public Works and Safety of the City of West Lafayette on April 18, 2000 entered into agreements for payments in lieu of road improvements with these above listed property owners for the improvement of Kalberer Road and may enter into such agreements with other property owners in the future; and WHEREAS, the City plans at some time in the future determined by future development, availability of funds, and other factors, to make comprehensive improvements to Kalberer Road. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF WEST LAFAYETTE, THAT: Section 1. Kalberer Road Fund is established for the monies received as payments in lieu of improvements for Kalberer Road. All interest earned shall be retained by the fund. Section 2. The Kalberer Road Fund shall be appropriated by the Common Council for the purpose of making comprehensive improvements to Kalberer Road. THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECTIVE FROM AND AFTER ITS PASSAGE AND SIGNING BY THE MAYOR. Office of the Clerk-TreasurerJudy Rhodes
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