HomeMy WebLinkAboutCity of Tamarac Resolution (198)Temp. Reso # 9842
June 24, 2002
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2002-198
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA, AMENDING THE
ANNUAL BUDGET OF ESTIMATED REVENUES AND
EXPENDITURES FOR THE FISCAL YEAR 2002 TO
ACCOUNT FOR PROCEEDS FROM THE CITY OF
TAMARAC SALES TAX REVENUE BOND, SERIES
2002 BUDGET; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, on May 8, 2002, the City Commission adopted Resolution No.
R-2002-125, approving the issuance of not to exceed $13,500,000 Revenue
Bonds of the City of Tamarac, Florida to finance the construction of a fire station,
a development services building, a pubic works storage building, parks and
recreation facilities, land acquisition, street improvements and other capital
improvements within the City ("Projects");
WHEREAS, the City has issued sales tax revenue bonds on May 31,
2002, in the amount of $13,410,000 for the purpose of financing the Projects
within the City; and
WHEREAS, the acceptance of these funds requires the amending of
estimated revenues and expenditures within the Public Services Facilities Fund
320, Debt Service Fund 239 and the General Fund 001 budget; and
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Temp. Reso # 9842
June 24, 2002
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WHEREAS, the City Manager has recommended these amendments to
the present annual budget to properly account for all budgetary actions related to
the Projects; and
WHEREAS, the City Commission of the City of Tamarac, Florida, deems it
to be in the best interest of the citizens and residents of the City of Tamarac to
amend the FY 2002 Budget to address the actions needed to implement the
Projects.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby
ratified and confirmed as being true and correct and is hereby made a specific
part of this Resolution.
SECTION 2: The budget of the City of Tamarac is hereby
amended, in accordance with the 2002 Sales Tax Revenue Bond Budget
Document (attached as Exhibit A) and all necessary budgetary transfers of funds
are hereby approved.
SECTION 3: All resolutions or parts of resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
SECTION 4: If any clause, section, other part or application of this
Resolution is held by any court of competent jurisdiction to be unconstitutional or
invalid, in part or application, it shall not affect the validity of the remaining
portions or applications of this Resolution.
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Temp. Reso # 9842
June 24, 2002
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SECTION 5: This Resolution shall become effective immediately upon its
passage and adoption.
PASSED, ADOPTED AND APPROVED this 10T" day of July, 2002.
E SCHREIBER, MAYOF
ATTEST:
RECORD OF COMMISSION VOTE:
MARION SWENSON, CMC MAYOR SCHREIBER AYE
CITY CLERK DIST 1: V/M. PORTNER AYE
DIST 2: COMM. MISHKIN AYE
DIST 3: COMM. SULTANOF AYE
DIST 4: COMM. ROBERTS AYE
I HEREBY CERTIFY that
have approved this
RESOLUTION as to form.
� i r
T
1 MI ELL S. KR CI, Y ATTORNEY
Temp. Reso. #9842
June 24, 2002
Exhibit A
Fiscal Year 2002
2002 Sales Tax Revenue Bonds Budget
Revenues Amosut
Bond Proceeds $13,001,070
Interest Earnings 50,000
TOTAL REVENUE $13.051.070
Appropriations Amount
Constuction Costs $12,758,243
Bond Closing Expenses 292,827
TOTAL APPROPRIATIONS $13,051,070
Revenues Amount
Transfer from General Fund $312,000
Aooro riap tions Amount
Annual Debt Service $309,400
Other Debt Service costs 2&M
$312,000
Appropriations AmQ IA
Other Non -operating - Other Uses ($312,000)
Transfer to Fund 239 $312,000
TOTAL APPROPRIATIONS 0