Title of Item:
RESOLUTION No. 106-2018; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA AUTHORIZING BUDGET AMENDMENT #1 TO THE 2018-2019 WATER SEWER FUND, APPROPRIATING AND AUTHORIZING THE EXPENDITURE OF FUNDS FOR PER_FLUORINATED PRE-TREATMENT SYSTEM IN THE AMOUNT OF $828,385.00, PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES. (RC)
Summary Explanation/Background Information on Agenda Request:
The City Commission adopted Resolution 97-2018 authorizing the execution of a $2,403,385.00 State Revolving Fund Loan with the Florida Department of Environmental Regulation for the Per-fluorinated Pre-Treatment System.
This budget amendment recognizes additional loan proceeds not identified in the approved FY19 Water Sewer Fund.
Funding Source:
Proceeds from State Revolving Loan for the Per-Fluorinated Pre-Treatment System.
Recommended Action:
Motion to adopt Resolution No. 106-2018 authorizing Budget Amendment #1 to the 2018-2019 Water Sewer Fund, for the per-fluorinated pre-treatment system in the amount of $828,385.00. |