HomeMy WebLinkAboutResolution_10-07/08_11/08/2007RESOLUTION NO. 10-07/08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, APPROVING A UTILITY CONSULTING
SERVICE AGREEMENT BETWEEN PUBLIC RESOURCES
MANAGEMENT GROUP, INC. (PRMG) AND THE
VILLAGE OF TEQUESTA IN THE AMOUNT OF
$22,000.00, AND AUTHORIZING THE VILLAGE
MANAGER TO EXECUTE THE APPLICABLE
AGREEMENT ON BEHALF OF THE VILLAGE.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
WHEREAS, Public Resources Management Group, Inc. prepares updated
financial projections of the System (the last financial forecast being prepared during the
Fiscal Year 2005) recognizing known and anticipated changes to such System; and
WHEREAS, Public Resources Management Group, Inc. identifies trends in utility
margins, the ability to meet rate covenants requirements and other factors such that the
Village can make an informed decision of the business aspects of operating and
financing such Systems; and
WHEREAS, Public Resources Management Group, Inc. evaluates current water
rate structures and suggest modifications where considered reasonable by PRMG (the
"Project").
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1: The Professional Services Agreement with Public Resources
Management Group, Inc. to provide utility financial consulting services, between Public
Resources Management Group, Inc. and the Village of Tequesta, attached hereto as
Exhibit "A" and incorporated by reference as part of this Resolution, is hereby approved
and the Village Manager is authorized to execute the Agreement on behalf of the
Village.
The foregoing Resolution was offered by Vice-Mayor Watkins who moved its adoption.
The motion was seconded by Council Member Amero and upon being put to a vote, the
vote was as follows:
For Adoption Against Adoption
MAYOR JIM HUMPAGE X
VICE-MAYOR PATRICIA WATKINS X
COUNCILMEMBER DANIEL AMERO X
COUNCILMEMBER THOMAS PATERNO X
COUNCILMEMBER CALVIN TURNQUEST X
The Mayor thereupon declared the Resolution duly passed and adopted this 8T" day
of November 2007.
MAYSe1R OF
Humpage
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Lori McWilliams, CMC F.'~`V~~RPORarED:
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