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87-16 v RESOLUTION NO. 87-16 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF ATLANTIC BEACH PERTAINING TO REALLOCATION OF LOAN FUNDS AUTHORIZED FOR SEWER LINE REPLACEMENT TO THE PROPOSED PUBLIC SAFETY BUILDING, ATLANTIC BEACH, FLORIDA WHEREAS, the City of Atlantic Beach is a participant in the Florida Municipal Loan Program administered by the Florida League of Cities, and WHEREAS, the City's list of projects includes a sewer line renewal and replacement program as well as the construction of a new Public Safety Building, and WHEREAS, bids have been received on the proposed Public Safety Building requiring additional financing, and WHEREAS, the City has accrued sufficient funds to pay for its share of the Major Sewer System Rehabilitation project, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF ATLANTIC BEACH, FLORIDA Section 1. The Directors of the Florida Municipal Loan program are hereby petitioned to allow the City to reallocate $252,000 for sewer line replacement to the Public Safety Building project effec- tive immediately. Section 2. This Resolution shall take effect upon its adoption. Introduced and adopted this a7 `~ day of/IRI L. , 1987. William S. Howell, Mayor, Presiding Officer Approved as to Form and Correctness: AP / / `C au-de L. Tullis, City Attorney ATTEST: [�il�PifG� Adelaide R. Tucker, City Clerk