HomeMy WebLinkAboutResolution_15-13_06/13/2013 RESOLUTION NO 15-13
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AUTHORIZING THE WRITE -OFF OF FULLY
DEPRECIATED CAPITAL ASSETS PURCHASED BETWEEN 1986 AND
2001 AS DESCRIBED IN EXHIBIT "A" THAT ARE NO LONGER IN THE
POSSESSION OF THE VILLAGE AND DIRECTING THE VILLAGE
MANAGER TO PROCEED ON BEHALF OF THE VILLAGE
PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE
DATE; AND FOR OTHER PURPOSES:
WHEREAS, the Village of Tequesta, Florida, has capital assets on its books that
have exceeded their useful lives and are fully depreciated; and
WHEREAS, The Village staff performed due diligence in attempting to locate and
identify these assets and have determined that these assets are no longer in the possession of
the Village; and
WHEREAS, these assets were purchase between FYI 986 and FY2001, and
WHEREAS, the Village finds that writing off these assets will allow the Village to
update the capital assets inventory to more accurately reflect existing assets;
WHEREAS, the write -off of these capital assets will have no effect on the financial
statements or fund balance /net assets as they have been fully depreciated; and
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, Florida, hereby authorize
the write -off of fully depreciated capital assets described in Exhibit "A" in a manner
consistent with the Village's adopted procedures.
Section 2: All resolutions or parts of resolutions in conflict herewith shall be and
hereby are repealed.
Section 3: This Resolution shall take effect immediately upon passage.
The foregoing Resolution was offered by Council Member D'Ambra who moved its adoption.
The motion was seconded by Vice -Mayor Arena and upon being put to a vote, the vote was as
follows:
For Adoption Against Adoption
Mayor Abby Brennan X
Vice -Mayor Vince Arena X
Council Member Steve Okun X
Council Member Tom Paterno X
Council Member Frank D'Ambra X
The Mayor thereupon declared the Resolution duly passed and adopted this 13 day of June
2013.
MAYOR OF TEQUESTA
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bigai rennan
ATTEST:
Lori McWilliams, MMC
Village Clerk °� < y:O
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