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RESOLUTION N0.26-03/04
A RESOLUTION OF THE VILLAGE COUNCIL OF
THE VILLAGE OF TEQUESTA, PALM BEACH
COUNTY, FLORIDA, APPROPRIATING
ADDITIONAL FUND BALANCE OF $4,500.00 FROM
THE WATER FUND #401, TO FUND THE
COMPUTATION OF ARBITRAGE REBATE
LIABILITY ASSOCIATED WITH THE FLORIDA
WATER REVENUE BONDS, SERIES 1998, AND
BUDGETING THESE FUNDS INTO BUDGET YEAR
2003/2004, ACCOUNT #401-700-573.700 - OTHER
DEBT SERVICE COSTS.
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WHEREAS, the professional services for the arbitrage computation were
budgeted and approved for $4,500.00 in Fiscal year 2002/2003 Budget;
and
WHEREAS, the professional services for the arbitrage computation
continue in the Fiscal Year 2003/2004 Budget; and
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. The appropriation of additional fund balance of $4,500.00 from the Water
Fund #401 to fund the computation of arbitrage rebate liability associated with the
Florida Water Revenue Bonds, Series 1998 and budgeting these funds into Budget
Year 2003/2004 Account #401-700-573.700 -Other Debt Service Costs - is hereby
approved
THE FOREGOING RESOLUTION WAS OFFERED by Council Member Von
Frank, who moved its adoption. The motion was seconded by Council Member
Watkins, and upon being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Pat Watkins
Geraldine A. Genco
Edward D. Resnik
Russell J. Von Frank
James Humpage
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CJ
The Mayor thereupon declared the Resolution duly passed and adopted this 11th day
of March A.D., 2004.
MAYOR OF TEQUESTA
Pat Watkins
Village;(~lerk Mary Miles
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