HomeMy WebLinkAboutResolution_24-11_11/10/2011 RESOLUTION NO. 24-11
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, APPROPRIATING FUND BALANCE AND
INCREASING THE CAPITAL IMPROVEMENT FUND #301 2010 -2011
BUDGET IN THE AMOUNT OF $740,000.00 TO FUND ADDITIONAL
COSTS OF THE CONSTRUCTION OF TEQUESTA BRIDGE;
PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE
DATE; AND FOR OTHER PURPOSES.
WHEREAS, The Village of Tequesta deposited $1,198,323.00 with the Florida
Department of Transportation to pay for additional costs to construct Tequesta Bridge
and the remaining deposit with the FDOT is $748,323.000; and
WHEREAS, Additional construction costs were incurred in fiscal year ending
September 30, 2011 and should be reported in that fiscal year; and
WHEREAS, Funds were not budgeted in fiscal year ending September 30, 2011 to pay
for these costs as the Village was not aware of the amount of the additional costs;
WHEREAS, Capital Improvement Fund #301 has total Fund Balance of $991,538 at
F/Y/E 9/30/2011 to fund the additional cost of construction;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 24 -11 appropriating additional fund balance from Capital
Improvement Fund #301 and authorizing to increase budgeted expenses/expenditures to
fund additional costs of the construction of Tequesta Bridge;
Section 2 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by Council Member Brennan who moved its adoption.
The motion was seconded by Council Member Humpage and upon being put to a vote, the vote
was as follows:
For Adoption Against Adoption
Mayor Tom Paterno X
Vice -Mayor Vince Arena X
Council Member Abby Brennan X
Council Member Jim Humpage X
Council Member Calvin Turnquest Absent
The Mayor thereupon declared the Resolution duly passed and adopted this 10 day of
November, 2011.
MAYOR OF TEQUESTA
Tom Paterno
ATTEST:
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Lori McWilliams, MMC 9,009�� ate,
Village Clerk
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