HomeMy WebLinkAboutResolution_37-05/06_12/08/2005RESOLUTION NO 37-05/06.
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA,
PALM BEACH COUNTY, FLORIDA, AMENDING AND INCREASING THE WATER
UTILITY FUND #401 ANNUAL BUDGET BY INCREASING REVENUES IN ACCOUNT
#401-000-363-101 IN THE AMOUNT RECEIVED FROM MARTIN COUNTY FROM
TROPIC VISTA RESIDENTS AND INCREASING DEBT SERVICE PAYMENTS IN
ACCOUNTS #401-700-571.705 PRINCIPAL-2004 B.O.A. NOTES PAYABLE AND
#401-700-581.705 INTEREST-2004 B.O.A. NOTES PAYABLE.
WHEREAS, the Village of Tequesta, through an interlocal
agreement with Martin County, receives revenue from Tropic
Vista residents to pay for debt incurred to construct water
lines and expand the existing water service to residents in
the Topic Vista subdivision and that revenue has not been
budgeted and,
WHEREAS, The Village of Tequesta would like to spend this
additional revenue for the purpose of paying the related debt
service and;
WHEREAS, approving this resolution will increase the Water
Utility Fund #401 annual budget and;
WHEREAS, approving this resolution will NOT affect Fund
Balance,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. The amendment to the annual Water Utility Fund #401
budget increasing budgeted revenues and expenditures as stated above
is hereby approved.
THE FOREGOING RESOLUTION WAS OFFERED by Councilmember Genco, who
moved its adoption. The motion was seconded by Councilmember
Watkins, and upon being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Jim Humpage
Pat Watkins
Geraldine A. Genco
Tom Paterno
The Mayor thereupon declared the Resolution duly passed and adopted this
8T" day of December 2005.
MAYOR OF TEQUESTA
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