R-1066-03 RESOLUTION NO. 1066-03
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES VILLAGE,FLORIDA,
ADOPTING THE FIVE YEAR FY 2004-2008 CAPITAL PROJECTS BUDGET OF 3,630,029;
AND APPROPRIATING$946,955 FROM THE CORRESPONDING UNDESIGNATED FUND
RESERVES FOR THE FISCAL YEAR BEGINNING OCTOBER 1,2003 AND ENDING
SEPTEMBER 30,2004.
WHEREAS,The Village Administration has analyzed and prioritized the expected capital project requirements for
the fiscal year beginning October 1,2003,all of which are contained in the Capital Improvement Program Budget which is
kept on file in the Village Clerk's Office;and
WHEREAS,capital projects are transactions that are valued at a minimum of$750.00 along with a life
expectancy of a minimum of three years;and
WHEREAS,the Staffs recommendations for the FY2003-2004 component of the capital projects program are
contained 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 2004 through 2008 Fiscal Years.
Section 2. The Village Council hereby appropriates$946,955 for the FY2003-2004 component of the FY
2004-2008 Capital Projects program as follows: Capital Projects Fund($248,720);Fleet Maintenance Replacement
Funds($60,000);Local Option Gas Tax Proceeds(Prior)($175,000);Local Option Gas Tax Proceeds(New)
($235,700);Local Option Transportation Tax($2,500);Enterprise Operations($198,500);and Trust Funds($26,535)
for the fiscal year beginning October 1,2003.
Section 3. This Resolution will become effective upon its adoption.
PASSED AND ADOPTED this 17th day of June,2003.
ATTEST:
Jim M",Ma or
C
Barbara A. Estep,CMC
Village Clerk
rZIZ�OVED AS TO FORM:
Richard Sarafan
Village Attorney