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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