City Council begins new session during January meeting
NAPPANEE—Common Council members met January 8 to begin the 2014 session overseeing the City of Nappanee. During that time the Council passed four resolutions and approved one ordinance amendment while putting on hold matters pertaining to the Nappanee Business Improvement District (BID).
Clerk-Treasurer Kim Ingle was authorized through Resolution 636—14 to borrow and transfer funds outlined as coming from the “Receipt from Sale of Electronic Utility Investments” which are identified as “made and transferred periodically.” It was recognized as a familiar course of action that regularly re-invests said funds.
Also approved was Resolution 637-14 which gave Ingle permission to invest available monies and funds of the Civil City of Nappanee. Under this measure the clerk-treasurer is allowed to make short-term investments in the best interest of the city until such time as the funds are needed for expenses, projects, etc.
The approved Resolution 638-14 set the city’s mileage reimbursement rate 45 cents a mile when city representatives are traveling for city business purposes.
Resolution 639-14 authorized Ingle to invest money from the Major Moves Construction Fund—both interest and principal—into any effective investment practices in the best interest of the city. Money from this venue is currently estimated in the sum of $1,019,619.
**To read the entire story, see the Jan. 15 edition of the Nappanee Advance News