HomeMy WebLinkAboutR-2004-167 Pier Restaurant RESOLUTION NO. 2004-167
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING A TRANSFER AND APPROPRIATION
OF FUNDS FOR FY 2004-2005 AS PROVIDED IN APPENDIX "A" TO
FUND AN ADDITIONAL COST NOT TO EXCEED $350,000 FOR THE
CONSTRUCTION OF THE PIER RESTAURANT; PROVIDING FOR
CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
Whereas, the City Commission at the September 14, 2004 Commission meeting, by a
majority vote, voted to continue to proceed with the construction of the Pier Restaurant, subject to
verification of insurability of the current and proposed pier improvements and resolution of
structural engineering concerns, both of which have been addressed; and
Whereas, due to the increase in construction cost, an additional amount not to exceed
$350,000.00, is required to complete the shell construction of the project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the City Commission approves the transfer and amendment to the budget
for FY 2004-2005 as per "Appendix A", a copy of which is attached and incorporated by this
• reference.
Section 2. That all resolutions or parts of resolutions in conflict with this Resolution are
repealed to the extent of such conflict.
Section 3. That this resolution shall be in force and take effect immediately upon its
adoption.
PASSED AND ADOPTED on September 28, 2004.
C.K. MCELYE
MAYOR- COMMISSIONER
ATTEST: ROLL CALL:
COMMISSIONER ANTON- YES
COMMISSIONER CHUNN- YES
-LOUISE STILSON COMMISSIONER FLURY- YES
CITY CLERK VICE-MAYOR MIKES-NO
MAYOR MCELYEA-NO
APPROVED AST FO AND CORRECTNESS
BY: �'`
THOMAS f. A S O
CITY ATTORNEY
1 RESOLUTION NO. 2004-167
Appendix "A"
Capital Projects Fund
FY 2005 Amended Revised
Original Budget Amount Budget
Expenditures
Beach Improvements $235,155 -$235,155 $0
Pier Restaurant $0 $350,000 $350,000
Totals $114,845
Revenues
Transfers from General Fund $640,606 $70,000 $710,606
Appropriate Interest Earnings $0 $44,845 44845
Totals $114,845
General Fund
Expenditures
Contingency $733,200 -$63,742 $669,458
• 'Transfers to Capital Projects Fund $1,437,011 $70,000 $1,507,011
Totals $6,258
Revenues
Appropriated Fund Balance $1,623,064 $56,258 $1,679,322
Appropriated Rec. Impact Fees $50,000 -$50,000 $0
Totals $6,258
Grant Fund
Expenditures
Beach Improvements $112,000 -$112,000 0
Revenue
Land&Water Preservation Fund $112,000 -$112,000 0
2 RESOLUTION NO. 2004-167
_ Agenda Request Form
City of Dania Beach
6
Agenda Item: • 7
Date of Commission meeting: 9/28/2004
Description of Agenda Item: Provide additional funding not to exceed$350,000 for the pier restaurant project
Commission action being requested:
Adopt Resolution or Ordinance ® Expenditure ❑ Award BID/ RFP ❑
Presentation ❑ General approval of item ❑ Continued from meeting
Other(Pleasexplain40
)
Summary explanation
The Commission has voted on September 1+2004 meeting to continue with and complete the pier restaurant project.
This resolution will provide the additional funding of not to exceed $350,000 to complete the project
•
Attached exhibits and additional backup,matenals (Please list)'
Staff Memo
Resolution and Appendix A
For purchasing requests ONLY
Department: Amount:
Fund: General: ❑ Water: ❑ Sewer: ❑ Stormwater: ❑ Grants: ❑ Capital: ❑
Account Name: Account Number:
Submitted by: pvarney Date: 9/21/2004
Department Director: Date:
Admin. Services Director: Date:
• Finance Director: Patricia Varney Date: 9/21/2004
City Manager. Ivan Pato Date: 9/22/2004
CITY OF DANIA BEACH
Kk DEPARTMENT OF FINANCE
MEMORANDUM
TO: Ivan Pato, City Manager Memo: DF-04-38
FROM: Patricia Varney, Director of Finance
DATE: September 21 2004
SUBJECT: Pier Restaurant Funding
At the Commission meeting of September 14, 2004, the City Commission voted to continue with
the Pier Restaurant project. Due to the rising construction cost, administration is seeking
additional funding not to exceed $350,000 to complete this project. The following is our
recommendation to provide this funding:
1. Delay the Beach Improvement Project approved at the FY 2005 budget and this will
provide a funding of$185,155.
2. Appropriate the interest earnings from the original loan of $3 million dollars - $44,845.
3. Transfer $63,742 from General Fund Contingency.
4. Appropriation the balance ($56,258) from the General Fund fund Balance.
• Any unspent funding from this $350,000 will flow back to the Capital Fund fund balance for
future projects.
•