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Exh 6B CITY OF ~~i.°cust~c ~eac~ - ~~vrida MEMORANDUM ~' U ~ ~ 8- 99 800 SEMINOLE ROAD ATLANTIC BEACH, FLORIDA 32233-54.15 TELEPHONE (904) 247-5800 FAX (904) 247-5805 SUNCOM 852-5800 Date: March 1, 1999 To: David Thompson, City Manager From: Nelson Van Liere, Finance Directo~~- Re: Budget Resolution 99-5 for Tresca Property Please find attached a budget resolution amending the Fiscal Year 1998-99 Operating Budget to appropriate funds for the construction of Tresca Property upon the awarding of Bid Number 9899-7. The funds for this project are located in the Governmental Capital Project Fund. t r .~ 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 Ciry 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. NOVV, 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: To amend the 1998-99 Operating Budget to reflect the anticipated grant proceeds and to appropriate the funds for the construction of Tresca Park contingent of the awarding of the construction ~~ bid. Adopted by the City Commission this 8~' day of March, 1999. Suzanne Shaughnessy Mayor /Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attorney ATTEST: Maureen King, CMC City Clerk