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HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 14A_12/08/2005VILLAGE OF TEQUESTA MEETING AGENDA ROUTING SHEET MEETING DATE: December 8, 2005 AMENDED MEETING DATE: SUBJECT: Well #4 and Pipeline funding COVER MEMO ATTACHED: RESOLUTION OR ORDINANCE NUMBER: ~QS 3`I _~S ~~~ ORIGINATING DEPARTMENT: Water/Finance DEPARTMENT HEAD APPROVAL FUNDING SOURCE: 2005/2006 BUDGET ACCOUNT NUMBER: Multiple -see attached resolution CURRENT BUDGETED AMOUNT AVAILABLE: $ 0 AMOUNT OF THIS ITEM: $ 1,200,000 APPROPRIATE FUND BALANCE (Y/N): Yes AMOUNT: $716,000 (PIGGYBACK CONTRACT NAME AND # OR COMPETITIVE BID FOR ANYTHING OVER $10,000 -ATTACH 3 BIDS) APPROVALS: FINANCE DIRECTOR ( ~ '6 VILLAGE MANAGER '- ~ d~~ ~~ VILLAGE ATTORNEY (if Needed) Yes No PLEASE RETURN TO VILLAGE CLERK TO PLACE ON THE AGENDA RESOLUTION NO. 34-05/06 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AMENDING AND INCREASING THE 2005/2006 WATER UTILITY FUND #401 BUDGET $1,200,000.00 BY APPROPRIATING ADDITIONAL FUND BALANCE AND INCREASING REVENUES AND EXPENDITURES TO FUND THE CONSTRUCTION OF WELL #4 AND ASSOCIATED PIPELINE AS FOLLOWS: Revenues: Grant SFWMD #401-000-337.302 $ 484,000 Appropriate Fund Balance $ 716,000 51,200,000 Expenditures: Well Construction #401-414-663.341 $ 757,500 Well Engineering #401-414-663.642 $ 92,500 Const-Pipeline Well#4 #401-414-662.641 $ 327,500 Eng. Pipeline #401-414-665.640 $ 22,500 $1,200,000 WHEREAS; The Village of Tequesta was awarded a grant for $484,000 by the South Florida Water Management District for new well construction projects and; Whereas; SFWMD grant #DG061159 is a reimbursable grant and; WHEREAS , the Village of Tequesta estimates that it will need to increase the Water Utility Fund #401 2005-2006 budget $1,200,000 to pay for the cost to construct Well #4 and the related pipeline and; WHEREAS, The Village of Tequesta needs to appropriate $716,000 of Fund Balance to pay the remaining estimated non-reimbursable costs associated with Well #4 and the related pipeline; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AMENDING THE 2005/2006 WATER UTIILTY FUND #401 BUDGET $1,200,000 BY APPROPRIATING ADDITIONAL FUND BALANCE AND INCREASING REVENUES AND EXPENDITURES TO PAY FOR COSTS ASSOCIATED WITH THE DEVELOPMENT OF WELL #4 AND THE RELATED PIPELINE, IS HEREBY APPROVED THE FOREGOING RESOLUTION WAS OFFERED by Council Member who moved its adoption. The motion was seconded by Council Member 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 Stn day of December 2005. MAYOR OF TEQUESTA ATTEST: Jim Humpage Gwen Carlisle Village Clerk