Ordinance 15-14

This legislation is coming forward from the Mayor in concert with the entire Council. Its primary purpose is to strengthen the City of Bloomington's financial policies and to ensure proper stewardship of taxpayer dollars. This Ordinance makes it a requirement of local law that City of Bloomington Redevelopment Commission follow the City of Bloomington Controllers' financial standards, which ensure proper segregation of duties. It further guarantees that any funding resolution may not be open-ended, but must be specifically tied to a specific contract and vendor and include a definite date when the funding shall terminate.