HomeMy WebLinkAboutResolution_52-19_11/14/2019 RESOLUTION NO. 52-19
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE 2019/2020
WATER FUND #401 BUDGET BY APPROPIATING FUND BALANCE IN
THE AMOUNT OF $316,250.00 TO FULLY FUND THE METER
REPLACEMENT PROJECT; PROVIDING AN EFFECTIVE DATE; AND
FOR OTHER PURPOSES.
WHEREAS, the initial cost of the meter replacement project is estimated to be
$1,066,250.00; and
WHEREAS, the Fiscal Year 2019/2020 Water Utility Budget currently includes
$750,000.00 for this project; and
WHEREAS, an additional $316,250.00 is required to fully fund the project; and
WHEREAS,the following accounts will be increased:
Revenues
Appropriate Fund Balance,401-990-399.999, $316,250.00
Expenditures
Meters,Valves&Hydrants,401-411-552.601,$316,250.00
NOW,THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA,PALM BEACH COUNTY,FLORIDA,AS FOLLOWS:
Section 1 Resolution No. 52-19 amending and increasing the 2019/2020 Water Fund
#401 Budget by appropriating fund balance in the amount of$316,250.00 to fully fund
the meter replacement project; providing an effective date; and for other purposes.
S.WILL.4 This Resolution shall become effective immediately upon passage.
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RESOLUTION Date
52-19 11/14/2019
Motion Second
Council Member Kyle Stone Vice-Mayor Kristi Johnson
VOTE
FOR ADOPTION AGAINST ADOPTION ABSENT
Mayor Abigail Brennan ✓ n
Vice-Mayor Kristi Johnson 1 ❑
Council Member Vince Arena 1
Council Member Laurie Brandon ✓
Council Member Kyle Stone ✓
The Mayor thereupon declared the Resolution duly passed and adopted.
MAYOR OF TEQUESTA ATTEST: �O F11111111111119.E
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Abigail :ren Lori McWilliams, MMC
Village Clerk