HomeMy WebLinkAboutResolution_26-09_07/29/2009RESOLUTION N0.26-09
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
INCREASING THE FY2009 GENERAL FUND #001 AND
CAPITAL IMPROVEMENT FUND #301 BUDGETS $1,198,323
AND TRANSFERRING FUND BALANCE FROM GENERAL
FUND #001 TO CAPITAL IMPROVEMENT FUND #301 IN THE
AMOUNT OF $1,198,323 TO BE USED TO FUND THE VILLAGE
OF TEQUESTA'S PORTION OF THE TEQUESTA BRIDGE
PROJECT; AND PROVIDING FOR AN EFFECTIVE DATE AND
FOR OTHER PURPOSES
WHEREAS, the Village Council approved the "State of Florida
Department of Transportation Locally Funded Agreement", and
WHEREAS, the Village agreed to furnish an advance deposit of
$1,198,323 to the Florida Department of Transportation,
Professional Services Unit to be applied to FM Project No.: 426480-
1-52-01 /03,426480-1-5A-01, & 426480-1-62-01.
WHEREAS, General Fund #001 will need to appropriate
$1,198,323 of Fund Balance and transfer the same amount to the
Capital Improvement Fund #301 and,
WHEREAS, the Capital Improvement Fund #301 will use the transferred
funds for the sole purpose of the Tequesta Bridge Project and
WHEREAS, any funds remaining after the Tequesta Bridge Project has
been completed will be transferred back to General Fund #001,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1: Authorizing increasing General Fund #001 and Capital
Improvement Projects #301 Budgets and authorizing the transfer of
fund balance from General Fund #001 to Capital Improvement
Fund #301 in the amount of $1,198,323..
Section 2 This Resolution shall become effective immediately upon
passage.
The foregoing Resolution was offered by Council Member Humpage who moved its
adoption. The motion was seconded by Council Member Arena and upon being put to a
vote, the vote was as follows:
Mayor Pat Watkins
Vice-Mayor Tom Paterno
Council Member Vince Arena
Council Member Jim Humpage
Council Member Calvin Turnquest
For Adoption Against Adoption
X
X
X
X
X
The Mayor thereupon declared the Resolution duly passed and adopted this 29th day of
July, 2009.
MAYOR OF TEQUESTA
ATTEST:
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Lori McWilliams, CMC
Village Clerk
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INCORPORATED :'
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Pat Watkins