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HomeMy WebLinkAboutResolution_22-20_8/13/2020RESOLUTION 22-20 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, AMENDING AND INCREASING THE 2019/2020 WATER UTILITY FUND #401 BUDGET BY INCREASING REVENUES AND EXPENDITURES BY $70,046.00 AND APPROPRIATING FUND BALANCE IN THE AMOUNT OF $70,454.00 TO FULLY FUND THE BEACH ROAD WATER MAIN REPLACEMENT PROJECT; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the cost of the Beach Road water main replacement project is estimated to be $493,500.00; and, WHEREAS, the Fiscal Year 2019/2020 Water Utility Budget currently includes $353,000.00 for the project; and, WHEREAS, an additional $140,500.00 is required to fully fund the project; and, WHEREAS the Village Council authorizes the acceptance of a donation in the amount of $70,046.00 for the construction of 175 feet of water main in front of the Sea Glass property; and, WHEREAS, the Village Council authorizes appropriating the remaining amount of $70,460.00 from fund balance; and, WHEREAS, the following accounts will be increased: Revenues Appropriate Fund Balance, 401-990-399.999, $70,454.00 Other Misc. Revenue, 401-000-369.000, $70,046.00 Expenditures Engineering Services, 401-411-531.302, $8,500.00 R&M -Water Mains, 401-411-546.307, $132,000.00; and, NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: Section 1: Resolution 22-20 amending and increasing the 2019/2020 Water Utility Fund #401 Budget by increasing revenues and expenditures by $70,046.00 and appropriating fund balance in the amount of $70,454.00 to fully fund the Beach Road water main replacement project is hereby approved; Section 2: This Resolution shall become effective immediately upon passage. RESOLUTION Date 22-20 8/13/2020 Motion Council Member Laurie Brandon Second Council Member Frank D'Ambra FOR AGAINST ABSENT CONFLICT Mayor Abigail Brennan ❑x ❑ ❑ ❑ Vice -Mayor Kyle Stone x❑ ❑ ❑ ❑ Council Member Laurie Brandon x❑ ❑ ❑ ❑ Council Member Frank D'Ambra ❑x ❑ ❑ Council Member Bruce Prince ❑x ❑ ❑ The Mayor thereupon declared the Resolution duly passed and adopted. MAYOR OF TEQUESTA: ATTEST: ►NCo Eo L .QED Lori McWilliams, MMC 4, A FLI Village Clerk '4„ CF CAPITAL IMPROVEMENT PROJECT DETAIL PROJECT # 20-UTL-607-01 Project Name: Beach Road Water Main Replacement Department: Utilities Location: Distribution System Project Manager: M Hammond Original Plan Date: FY20 DESCRIPTIONJUSTIFICATION: The Village serves potable water to customers within the Village Utility Service Area on the southern end of Jupiter Island. The existing B" and 10" water main on the west side of Beach Road is the sole source of delivering potable water to utility customers on island. This project will replace two segments, totaling approximately 3,300 feet of asbestos cement piping that were constructed in the 1960's. Portions of this water main segment have become exposed over time creating a high risk of damage to this outdated pipe. Note: The developers for the Sea Glass project have agreed to contribute $70,046 for the construction of 175 feet of water main in front of their WATER MAIN TO BE REPLACED property. .� PROJECT1ITURES FUNDING SOUR PROJECT COSTS: FY20 FY21 FY22 FY23 I FY24 FY25 TOTAL Land/Easement Acquisition Engineering & Planning Construction Equipment 73,500 420,000 73,500 420,000 TOTAL PROJECT COSTS 493,500 493,500 SOURCES OF FUNDS: FY20 FY21 FY22 FY23 FY24 FY25 TOTAL General Fund - Dept Name (001) Water Enterprise Fund (401) 423,454 423,454 Stormwater Enterprise Fund (403) Contribution from Developer 70,046 TOTAL PROJECT REVENUE 493,500 423,454 OPERATIONAL Note: A reduction in repair and maintenance costs is anticipated as a result of this project. OPERATIONAL IMPACT FY20 FY21 FY22 FY23 FY24 FY25 TOTAL Additional Revenues/Savings Charges for Services Other Revenues Less Additional Expenditures New Personnel Maintenance and Other Operating Contracts & Leases Non Operating (Debt Service) NET ANNUAL IMPACT ON OPERATIONS OPERATING FUNDING SOURCES FY20 FY21 FY22 FY23 FY24 FY25 TOTAL TOTAL OPERATING FUNDING