R-1210-12 RESOLUTION NO. 1210-12
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL CREATING BUDGET
AMENDMENT#2 TO THE FISCAL YEAR 2011-2012 OPERATING AND CAPITAL
BUDGETS,TRANSFERING$200,000 OF SURPLUS LOCAL OPTION GAS TAX
MONIES TO THE ROADWAY RESURFACING LOCAL OPTION GAS TAX CAPITAL
IMPROVEMENTS FUND,PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS,the Village has adopted Operating and Capital Improvement Budgets for all funds
and departments for the fiscal year which began on October 1, 2011; and,
WHEREAS,the adopted 2012 Capital Improvement Budget includes$100,000 allocated for
roadway resurfacing throughout the Village;and,
WHEREAS, by increasing the monies allocated for roadway resurfacing,the Village will obtain a
more economical price point and will be able to take advantage of industry standard economies of scale
with respect to the purchase of asphalt and paving services; and,
WHEREAS, it is in the best interest of the Village to transfer$200,000 from the Local Option Gas
Tax fund balance to the 2012 Capital Budget Fund, Local Option Gas Tax Infrastructure Improvements
Fund;
NOW,THEREFORE, BE IT RESOLVED by the Miami Shores Village Council:
Section 1. That this resolution creates and approves Budget Amendment#2 to the Fiscal
Year 2011-2012 Capital Budget,transferring$200,000 from the Local Option Gas Tax fund (130-0000-
389-00000)to the 2012 Capital Budget, Local Option Gas Tax Infrastructure Improvements(130-1202-
541-64250) Fund.
Section 2. That this resolution is effective immediately upon adoption.
PASSED AND ADOPTED this 7th day of February,2012.
ATTEST:
19 Nlv—
ri Jim Mor
Y,
Barbara A. Estep, MMC
Village Clerk
APPROVED AS TO FORM:
t y
Richard Sarafan
Village Attorney