R-1114-06 RESOLUTION NO. 1114-06
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES
VILLAGE, FLORIDA, ADOPTING THE FIVE-YEAR FY 2007-2011 CAPITAL
IMPROVEMENT PLAN BUDGET OF $15,039,473; APPROPRIATING THE
SAME INTO THE CAPITAL PROJECTS BUDGET; AUTHORIZING STAFF
TO BEGIN TO FINANCE THE DULY DESIGNATED PROJECTS FOR YEAR 1
OF THE PROJECT(FY 2006-07).
WHEREAS, the Village Administration has identified the future capital and infrastructure
requirements of the Village for the next five year period beginning on October 1,2006; and,
WHEREAS, projects valued in excess of$750 with a minimum of a three-year life expectancy
are considered capital projects; and,
WHEREAS, staff's recommendation for the five-year period are identified in the attached report
and hereby incorporated into this Resolution by reference; and,
WHEREAS, the Village Council has responsibility to authorize and appropriate funds to
implement the first year of the five-year plan.
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 attached
five year Capital Improvement Program for FY 2007 through FY 2011 included.
Section 2. The Village Council hereby appropriates $1,899,600 for the FY 2007 component
of the FY 2007-2011 Capital Project as follows: Capital Projects Fund ($523,274); Fleet Maintenance
Internal Service Fund ($276,800); Local Option Gas Tax Fund ($481,828); Half-cent Transport
Surtax Fund($299,698); and, Sanitation($318,000).
Section 3. The Village Council hereby authorizes the Administration to proceed with the
FY 2006-07 projects along with designing, negotiating and implementing any necessary financial
arrangements to best utilize the Village's financial conditions.
PASSED and ADOPTED this 16f'day of May,2006.
Al Davis,Mayor
ATTEST:
1��teY1H
Barbara A.Estep,MM
Village Clerk
APPROVED AS TO FORM:
Richard Sarafan,Esq.
Village Attorney