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HomeMy WebLinkAboutResolution_10-10_04/08/2010_Withdrawn Withdrawn by Council 4/8/10 RESOLUTION NO. 10 -10 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, TRANSFERRING FUND BALANCE OF $300,000 FROM THE CAPITAL IMPROVEMENT FUND #301 TO THE GENERAL FUND #001 AND REDUCING THE AMOUNT OF APPROPRIATED FUND BALANCE BUDGETED IN THE GENERAL FUND ACCORDINGLY; AND PROVIDING FOR AN EFFECTIVE DATE AND FOR OTHER PURPOSES, WHEREAS, the Village received a return of deposit from the Florida Department of Transportation related to the Tequesta Bridge construction project in the amount of $300,000, and WHEREAS, these funds will be transferred from Capital Improvement Fund #301 to the General Fund #001 and the amounts budgeted in these funds will be amended as follows: General Fund 001: Increase Transfers -in from Capital Imp. Fund $300,000 Decrease Appropriated Fund Balance $300,000 Capital Improvement Fund 301: Increase Transfers -out to General Fund $300,000 Decrease Construction Bridge $300,000 NOW, THEREFORE, BE IT RESOLVED BY TE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: Section 1 : Authorizing the transfer of $300,000 from Capital Improvement Fund #301 to General Fund #001 is hereby approved. Section 2 This Resolution shall become effective immediately upon passage. The foregoing Resolution was WITHDRAWAL by Vice -Mayor Paterno . The motion was seconded by Council Member Humpage and upon being put to a vote, the vote was as follows: WITHDRAW Mayor Pat Watkins X Vice -Mayor Tom Paterno X Council Member Vince Arena X Council Member Jim Humpage X Council Member Calvin Turnquest X The Mayor thereupon declared the Resolution duly WITHDRAWN this 8 day of April, 2010. MAYOR OF TEQUESTA � 1 Pat Watkins ATTEST: F TEQtj �a Lori McWilliams, CMC Village Clerk