HomeMy WebLinkAboutResolution_25-04/05_12/09/2004• RESOLUTION NO. 25-04/05
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, ADOPTING A VILLAGE POLICY AND
ESTABLISHING A GOAL FOR THE VILLAGE OF
TEQUESTA'S DESIGNAGED RESERVES IN THE AMOUNT
OF 20% OF THE VILLAGE'S ANNUAL GENERAL FUND
OPERATING BUDGET FOR RELIEF IN UNFORESEEN
EMERGENCY SITUATIONS; AND PROVIDING FOR AN
EFFECTIVE DATE
WHEREAS, the Village Council of the Village of Tequesta deems it appropriate and
necessary to establish designated reserves; and
WHEREAS, the Village of Tequesta will have designated reserves appropriated for
unforeseen emergency situations, and for expenses to be made for the overall good and
welfare of the Village of Tequesta, and
NOW THEREFORE, be it resolved by the Village Council of the Village of Tequesta,
Florida:
. Section 1. The Village Council of the Village of Tequesta hereby adopts a policy
establishing a goal of designated reserves in the amount of 20% of the Village's annual
General Fund Operating Budget for unforeseen emergency situations and for expenses
for the overall good and welfare the Village of Tequesta.
Section 2. This Resolution shall take effect immediately upon adoption.
The foregoing Resolution was offered by Vice Mayor Genco, who moved its adoption. The
motion was seconded by Council Member von Frank, and upon being put to vote, the vote was
as follows:
FOR ADOPTION
AGAINST ADOPTION
Pat Watkins
Geraldine A. Genco
Edward D. Resnik
Russell J. Von Frank
• Jim Humpage
s
The Mayor thereupon declared the Resolution duly passed and adopted this 9th day of
December, A.D., 2004.
ATTEST:
1 /,~ ~
Gwen Carlisle
Villa e Clerk ~~~~~~~~~~~~~//~
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='~ SEALS ND
INCORPORATED:
Z.n:
Pat Watkins, Mayor
•