HomeMy WebLinkAboutDocumentation_Regular_Tab 06_07/13/2017 r
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MEMORY.
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To: Michael Couzzo, Village Manager
From: Christopher Quirk, Finance Director
Date: 6/21/17
Re: Resolution Request- Appropriate Fund Balance Fund #301 for
the Local Fund Agreement 428718- 1-52-03. Village's share
Of US 1 Project Costs.
A resolution of the Village Council of the Village of Tequesta, Palm Beach County,
Florida, appropriating Fund Balance of$50,147.00 from the Capital Improvement
Fund#301, to fund the US 1 Project Costs.
RESOLUTION NO. 30-17
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, INCREASING THE FISCAL YEAR 2016/2017
CAPITAL IMPROVEMENT FUND #301 BUDGET BY APPROPRIATING
FUND BALANCE IN THE AMOUNT OF $50,147.00 TO FUND THE
RECONFIGURATION OF U.S. HIGHWAY ONE FROM ALTERNATE
AlA/BEACH ROAD TO COUNTY LINE ROAD; AUTHORIZING THE
VILLAGE MANAGER TO PROCEED ON BEHALF OF THE VILLAGE
PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE
DATE; AND FOR OTHER PURPOSES;
WHEREAS, a Locally Funded Agreement (LFA) was executed with the Florida
Department of Transportation on September 27,2016 for this project;
WHEREAS,the projects financial estimate is $108,083.00;
WHEREAS, the amount currently on deposit with the Florida Department of
Transportation for this project is $57,936.00;
WHEREAS, the remaining balance due to the Florida Department of Transportation for
the project is $50,147.00;
NOW,THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA,PALM BEACH COUNTY,FLORIDA,AS FOLLOWS:
Section 1 Resolution No. 30-17 is hereby approved increasing the Fiscal Year
2016/2017 Capital Improvement Fund#301 Budget by appropriating Fund Balance in the
amount of$50,147.00 to fund the reconfiguration of U.S. Highway One from Alternate
A1A/Beach Road to County Line Road; authorizing the Village Manager to proceed on
behalf of the Village providing for severability; providing an effective date; and for other
purposes.
Section 2 This Resolution shall become effective immediately upon passage.