99-05 v • RESOLUTION NO. 99-5
A RESOLUTION AMENDING THE OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH,FLORIDA,FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1998 AND ENDING SEPTEMBER 30, 1999,TO CREATE A
BUDGET FOR THE RECEIPT OF GRANT FUNDS FROM THE FLORIDA
INLAND NAVIGATION DISTRICT AND TO APPROPRIATE THE FUNDS IN
THE CAPITAL PROJECT FUND FOR THE CONSTRUCTION OF TRESCA
PARK.
WHEREAS,the City Charter of the City of Atlantic Beach requires that the City Commission
approve all budgetary increases and transfers at the fund level,and
WHEREAS,the nature of budgetary systems and those day to day decisions affecting such
budgetary systems require adjustments from time to time.
NOW,THEREFORE,BE IT RESOLVED by the City Commission of the City of Atlantic
Beach,that the following Budget Modification be approved for the 1998-1999 Operating Budget.
CAPITAL PROJECT FUND
•
Revenues:
Grant Proceeds
Florida Inland Navigation District 30000003310100 $164,473
Expenses:
Capital Outlay
Improvements Other Than Buildings
Tresca Park 30000005726300 $338,148
Description:
The City has received bids for the construction of Tresca Park. The recommendation of the
Recreation Director is to award Bid No. 9899-7 to ABBA Construction Inc. in the amount of
$338,147.41. This resolution amends the operating budget to reflect total cost of constructing Tresca
Park and the partial reimbursement from the Florida Inland Navigation District. Should the City
Commission choose not to do the project,this amendment is not necessary. If the commission chooses to
award the bid to a different company,the expenses line item of this resolution should be changed to
reflect the different amount.
Recommendation:
1110
To amend the 1998-99 Operating Budget to reflect the anticipated grant proceeds and to
116 A
• appropriate the funds for the construction of Tresca Park contingent of the awarding of the construction
bid.
Adopted by the City Commission this 8th day of March, 1999.
' ' -..o'
Suzanne Shaughnessy j 6
Mayor/Presiding Officer
Approved as to form and correctness:
/ I;.,
Alan C /'nsen,Esquire
City A orney
III ATTEST:
lGk<.cJt ULK,
Maureen King, CM
I0
City Clerk
III