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2013-10 Budget Amendment for Veterans Memorial ParkORDINANCE NO. 2013-10 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND BUDGET FOR FISCAL YEAR 2012 -2013 TO APPROPRIATE $400,000.00 FROM THE RECREATION DEVELOPER FEES ACCOUNT TO FUND THE CONSTRUCTION OF VETERANS MEMORIAL PARK; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 36 -23 of the Village Code of Ordinances authorizes the use of fees paid by developers in lieu of public dedication for "parks and recreational purposes;" and WHEREAS, the Village Administration recommends transferring $400,000.00 from the Recreation Department Developer Fees Account to the Developer Fee Capital Expense Account to fund the construction of Veterans Memorial Park; and WHEREAS, because the transfer of funds from the Developer Fees Account increases the total amount of the budget, this transfer must be accomplished by ordinance as required by Section 166.241, Florida Statutes; and WHEREAS, the Village Council determines that the adoption of this budget amendment to fund the construction of Veterans Memorial Park meets all Village Code and other legal requirements and is in the best interests of the residents and citizens of the Village of North Palm Beach. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The foregoing recitals are hereby ratified as true and correct and incorporated herein. Section 2. The Village Council hereby amends the adopted Village of North Palm Beach General Fund budget for Fiscal Year 2012 -2013 as follows: Budget Amendment: Account Description Use Source General Fund: A4600 -09190 Recreation /Developer Fees $400,000 A8028 -66005 Developer Fee Expense - Capital $400,000 Total General Fund: $400,000 $400,000 Page 1 of 2 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 All ordinances and resolutions, or parts of ordinances and resolutions, in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This Ordinance shall be effective immediately upon adoption. PLACED ON FIRST READING THIS 27th DAY OF JUNE, 2013. PLACED ON SECOND, FINAL READING AND PASSED THIS 11th DAY OF JULY, 2013. (Village Seal) ATTEST: VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENC/Y�: _Sl VILLAGE ATTORNEY Page 2 of 2 MAY R