HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 02_07/17/2006 'Ju�
` VILLAGE OF TEQUESTA
• � MEETING AGENDA ROUTIN+G SHEET
MEETING DATE: Ju1y 13, 2006
REQUESTED ACTION/SLT�VIMARY: Consideration to authorize a letter of commitment
from the Village of Tequesta to Palm Beach County agreeing to cover any additional costs up to a
20% contingency with respect to the traffic signalization at Tequesta Drive and Old Dixie Hwy.
RESOLUTION OR ORDINANCE NUMBER: Res # Ord #
ORIGINATING DEPARTMENT: Public Works
FLJNDING SOURCE: 2005/2006 BUI7GET (�
� �t�s Y�a��r� ��'ru-�F�� s ��C)
ACC4UNT NiJMBER: / ��A�w f�` �, c�;�tr�
CURRENT BUDGETED AMOLTNT AVAILABLE� $252,112.55
AMOITNT OF THIS ITEM: $ 277,179.50
Commitment letter addresses the 20 % contingency amount of $55,435.90
AMOUNT REMAINING AFTER THIS ITEM;
BUDGET TRANSFER REQUIRED: Yes
APPROPRIATE FUND BALANCE: Y�s
Piggyback Contract N�me and #: _______ _
Or
Compatitive $id # PW0641
APPROVALS:
DEPARTMENT HEAD: �����--'�
FINANCE DIRECTOR:
VILLAGE MANAGER:
VILLAGE MANAGEIt RECONIlI�NDAT"ION:
APPROVE ITEM: ❑
DENY ITEM: ❑
VILLAGE ATTORNEY: APPROVED FOR LEGAL SUF'FICIENCY
❑ Yes ❑ No
❑ Not Applicable (n/a)
~ RESOLUTION NO. ��--05/06
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
AUTHORIZING THE VILLAGE MANAGER TO PROVIDE A LETTER
OF COMMITMENT TO PALM BEACH COUNTY AGREEING THE
VILLAGE OF TEQUESTA WILL COVER ADDITIONAL COSTS
RELATED TO THE PROJECT NOT TO EXCEED A 20�
CONTINGENCY; APPROPRIATING UNRESERVED FUND BALANCE
IN GENERAL FUND #001, INCREASING THE 2005/2006
GENERAL FUND BUDGET BY $80,503.00 AND AUTHORIZTNG
THE TRANSFER-OUT OF THESE FUNDS TO THE CAPITAL
PROJECTS FUND #303 TO FUND THE COST OF THE FEC
BEAUTIFICATION AND TRAFFIC SIGNALIZATION PROJECT.
iaHEREAS the Village of Tequesta has a remaining budget
of $252,122.55 in the 2005-2006 budget and the cost to
complete �he project is $277,179.50.and;
WHEREAS, Palm Beach County has requested the Village of
Tequesta agree to fund additional costs related to
additional costs related to the project not to exceed a
20� contingency, and
WHEREAS, the Village of Tequesta agrees to fund such
additional costs, and
WHEREAS, these additional costs were not budgeted in the
2005/2006 Budget, and
WHEREAS, there are no excess funds available in the
Capital Projects Fund #303, requiring a transfer of
funds from General Fund #001 to the Capital Projects
Fund #303 to fund such additional costs, and
WHEREAS, this will require appropriating $80,503.00 from
Fund Balance in General Fund #001.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL
OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
AS FOLLOWS:
SECTION 1: The Village Council of the Village of
Tequesta, Palm Beach County, Florida, authorizes a
letter be sent to Palm Beach County agreeing that the
Village of Tequesta will cover additional costs related
to the FEC Project not to exceed a 20� contingency;
appropriating unreserved Fund Balance in General Fund
#001, increasing the 2005/2006 General Fund Budget by
$80,503.00 and authorizing the transfer-out of these
funds to the Capital Projects Fund #303 to fund the
cost of the FEC beautification and traffic
signalization project.
.�
THE FOREGOING RESOLUTION WAS OFFERED by Councilmember
, who moved its adoption. The
motion was seconded by Councilmember
, and upon being put to a vote, the
vote was as follows:
FOR ADOPTION AGAINST ADOPTION
The Mayor thereupon declared the Resolution duly passed
and adopted this day of , A.A, 2006.
MAYOR OF TEQUESTA
James Humpage
AT`TEST :
Gwen Carlisle
Village Clerk