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HomeMy WebLinkAboutResolution_12-19_04/11/2019 RESOLUTION NO. 12-19 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, INCREASING THE FISCAL YEAR 2018/2019 STORMWATER UTILITY FUND #403 BUDGET BY APPROPRIATING FUND BALANCE IN THE AMOUNT OF $48,350.00 TO FUND A STORMWATER UTILITY REVENUE SUFFICIENCY AND RATE EVALUATION AND AWARDING A CONTRACT, IN THE SAME AMOUNT, TO HIMLEY-HORN AND ASSOCIATES TO PREPARE THE EVALUATION; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE,AND FOR OTHER PURPOSES. WHEREAS, the Village recognizes the need to perform a Stormwater Utility Revenue Sufficiency and Rate Evaluation to provide an in-depth look at their current stormwater utility rate structure and revenue generation in support of upcoming capital/renewal and replacement projects; and, WHEREAS, the contract will be performed by the Village's engineering firm of record, Kimley-Horn; and, WHEREAS, Kimley-Horn will engage Public Resources Management Group, Inc. (PRMG) as their subconsultant for the performance of the financial aspects of this project; and, WHEREAS,the appropriation of Fund Balance is required to fund this study; and, WHEREAS, the following accounts will be increased: Revenues Appropriate Fund Balance, 403-990-399.999, $48,350.00 Expenditures Other Contractual Services, 403-250-534.300, $48,350.00 NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,AS FOLLOWS: Section 1 Resolution No. 12-19 is hereby approved increasing the Fiscal Year 2018/2019 Stormwater Utility Fund #403 Budget by appropriating Fund Balance in the amount of $48,350.00 to fund a Stormwater Utility Revenue Sufficiency and Rate Evaluation; providing for severability; providing an effective date; and for other purposes. Section 2 This Resolution shall become effective immediately upon passage. RESOLUTION Date 12-19 04/11/2019 Motion Vice-Mayor Kristi Johnson Second Council Member Kyle Stone VOTE FOR ADOPTION AGAINST ADOPTION ABSENT Mayor Abigail Brennan � � � Vice-Mayor Kristi Johnson � � � Council Member Vince Arena � � � Council Member Laurie Brandon � � � Council Member Kyle Stone � � � The Mayor thereupon declared the Resolution duly passed and adopted. �`�``",po,)",n�n�n,,,n,4 ! LJ ��������i��i ;`''�Q-�'p�P� ��� I�9�'. ,; MAYOR OF TEQUESTA ATTEST: `�.�G �`F�N, =�: ���L :D" = �:I�ICORPORATED� _ ;%cS>>,q`2i�F 4 19y1�P;°°�, . , .. ��������0���""�����F���������`����,, �-�1�,t,�.�u�.[.cou'' Ab gail renna Lori McWilliams,MMC Village Clerk