R-1048-02 Resolution No. 10148-02
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES VILLLAGE,
FLORIDA, ADOPTING THE FIVE YEAR FY 2003-2007 CAPITAL PROJECTS
BUDGET OF $5,281,015; AND APPROPRIATING $1,405,487 FROM THE
CORRESPONDING UNDESIGNATED FUND RESERVES FOR THE FISCAL YEAR
BEGINNING OCTOBER 1,2002 AND ENDING SEPTEMBER 30,2003.
WHEREAS, the Administration has analyzed and prioritized the capital project requirements
for the fiscal year beginning October 1,2002;and,
WHEREAS, capital projects are transactions that are valued at a minimum of$750 along with
a life expectancy of a minimum of three years;and,
WHEREAS, the staff's recommendation for the FY 2002-2003 component of the capital
projects program are located in the attached report, hereby incorporated into this resolution by
reference;and,
WHEREAS, the Village Council is ultimately responsible for the prioritization and
authorization to implement all capital projects.
NOW, THEREFORE, BE IT DULY RESOLVED by the Miami Shores Village Council
that:
Section 1. The Administration is hereby authorized and directed to implement the Five
Year Capital Projects Program for the 2003 through 2007 Fiscal Years.
Section 2. The Village Council hereby appropriates $1,405,487 for the FY 2002-2003
component of the FY 2003-2007 Capital Projects plan as follows: Capital Projects Fund
($174,287); Local Option Gas Tax Proceeds Fund ($328,000); Local Option Gas Tax
Proceeds Fund ($286,200); Sanitation Enterprise Reserved Retained Earnings ($360,000);
Storm water Enterprise Unreserved Retained Earnings ($250,000); and General Trust
Fund—Donations(Task Force)($7,000)for the fiscal year begin nin October 1,2002.
Section 3. This Resolution will become effective upon its ad do .
PASSED and ADOPTED this 18th day of June,2002. /Alr
Davis,Mayor
Attest:
f`
L Approved as to Form:
Barbara A.Fugazzi, M
Village Clerk
Richard Sarafan,Esq.
Village Attorney