HomeMy WebLinkAboutResolution_28-08_06/12/2008RESOLUTION NO. 28-08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA,
PALM BEACH COUNTY, FLORIDA, AMENDING AND INCREASING THE
2007/2008 STORMWATER FUND #403 BUDGET BY APPROPRIATING FUND
BALANCE IN THE AMOUNT OF $60,300 AND INCREASING TRANSFERS OUT
TO THE IBR FUND #101 BY THAT AMOUNT,
Whereas, Stormwater Fund #403 makes an annual transfer of $60,300 to the IBR
Fund #101 to pay its share of the Improvement Revenue Refunding Bond Series
1994.; and
Whereas, the Village has elected to prepay the balance of the IBR Bond Series 1994
in the current year; and
Whereas, this additional transfer has not been budgeted; and
Whereas, the Stormwater Fund #403 has sufficient existing funds to pay the
additional transfer of $60,300 in the current year;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 27-08 authorizing the Village Manager to proceed on
behalf of the Village, is hereby approved .
Section 2 This Resolution shall become effective immediately upon passage.
The foregoing Resolution was offered by Council Member Humpage who moved its
adoption. The motion was seconded by Vice-Mayor Turnquest and upon being put to a
vote, the vote was as follows:
Mayor Pat Watkins
Vice-Mayor Calvin Turnquest
Council Member Vince Arena
Council Member Tom Paterno
Council Member Jim Humpage
For Adoption Against Adoption
X
X
X
X
X
The Mayor thereupon declared the Resolution duly passed and adopted this 12th day of
June, 2008.
MAYOR OF TEQUESTA
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Pat Watkins
ATTEST:
Lori McWilliams, CMC
Village Clerk
SEAL
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