HomeMy WebLinkAboutR2008-26 Budget Amendment for Tennis Facility•
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RESOLUTION 2008-26
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE
MAYOR AND VILLAGE CLERK TO AMEND THE 2007-2008 BUDGET
FOR THE PURPOSE OF TRANSFERRING $250,000 FROM THE
RECREATION IMPACT FEE ACCOUNT TO THE TENNIS —
CONSTRUCTION AND MAJOR RENOVATION ACCOUNT; PROVIDING
FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, in accordance with Section 36-23 of the Village Code and Ordinance No. 14-2005,
Domani Development LLC, the developer of the Domani PUD ("Domani"), is required to pay a
cash contribution to the Village of $1,175,000; and
WHEREAS, pursuant the Funding Agreement between Domani and the Village, Domani paid its
first installment of $250,000 toward the required cash contribution; and
WHEREAS, on January 24, 2008, the Village Council determined that such funds should be
applied toward the construction of the new tennis center facility; and
WHEREAS, the Village Council wishes to amend the fiscal year 2007-2008 budget to transfer
the funds paid by Domani from the recreation impact fee account to the tennis — construction and
major renovation account and determines that the approval of this amendment is in the best
interests of the Village and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA, as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
Section 2. The Village Council of the Village of North Palm Beach, Florida, does hereby
approve the budget amendment for transfer of amounts listed below:
Budget Amendment:
Sources of Funds:
A2128-03510 Recreation Impact Fees $ 250,000
Uses of Funds:
A8050-66210 Tennis -Construction & Major $ 250,000
Renovation
Description Use Source
Total $ 250,000 $ 250,000
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Section 3. The Mayor and Village Clerk are hereby authorized and directed to execute the
budget amendment for and on behalf of the Village of North Palm Beach.
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to
the extent of such conflict.
Section 5. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 1 Oth DAY OF APRIL, 2008.
(Village Seal)
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