HomeMy WebLinkAboutResolution_34-05/06_12/08/2005a
RESOLUTION N0.34-05/06
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AMENDING AND
INCREASING THE 2005/2006 WATER UTILITY FUND #401 BUDGET
$1,200,000.00 BY APPROPRIATING ADDITIONAL FUND BALANCE AND
INCREASING REVENUES AND EXPENDITURES TO FUND THE
CONSTRUCTION OF WELL #4 AND ASSOCIATED PIPELINE AS
FOLLOWS:
Revenues:
Grant SFWMD
Appropriate Fund Balance
Expenditures:
Well Construction
Well Engineering
Const-Pipeline Well#4
Eng. Pipeline
#401-000-337.302 $ 484,000
$ 716,000
1.2
#401-414-663.341 $ 757,500
#401-414-663.642 $ 92,500
#401-414-662.641 $ 327,500
#401-414-665.640 $ 22,500
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WHEREAS; The Village of Tequesta was awarded a grant for $484,000 by the
South Florida Water Management District for new well construction projects and;
WHEREAS; SFWMD grant #DG061159 is a reimbursable grant and;
WHEREAS, the Village of Tequesta estimates that it will need to increase the Water
Utility Fund #4012005-2006 budget $1,200,000 to pay for the cost to construct Well
#4 and the related pipeline and;
WHEREAS, The Village of Tequesta needs to appropriate $716,000 of Fund
Balance to pay the remaining estimated non-reimbursable costs associated with Well
#4 and the related pipeline;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AMENDING THE 2005/2006
WATER UTIILTY FUND #401 BUDGET $1,200,000 BY APPROPRIATING
ADDITIONAL FUND BALANCE AND INCREASING REVENUES AND
EXPENDITURES TO PAY FOR COSTS ASSOCIATED WITH THE
DEVELOPMENT OF WELL #4 AND THE RELATED PIPELINE, IS HEREBY
APPROVED
THE FOREGOING RESOLUTION WAS OFFERED by Council Member
Genco, who moved its adoption. The motion was seconded by Council Member
Paterno and upon being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Jim Humpage
Pat Watkins
Geraldine Genco
Tom Paterno
The Mayor thereupon declared the Resolution duly passed and adopted this 8`~' day of
December 2005.
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MAYO F TEQUE
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Jim Hum a e