Share to Facebook Share to Twitter Bookmark and Share
File #: 19-3148    Name: RESOLUTION NO. R2019-45 (CAPITAL PROJECT AMENDMENT) A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL AMENDING THE SALES SURTAX FUND CAPITAL PROJECT BUDGETS FOR FISCAL YEAR 2018-2019 BY TRANSFERRING REMAINING BUDGET FROM THE GREENBRIAR PARK PROJECT TO THE
Type: Budget Amendments
Body: Village Council
Agenda Date: 8/13/2019 Final action:
Title: ITEM: RESOLUTION NO. R2019-45 (CAPITAL PROJECT AMENDMENT) A RESOLUTION OF WELLINGTON, FLORIDA'S COUNCIL AMENDING THE SALES SURTAX FUND CAPITAL PROJECT BUDGETS FOR FISCAL YEAR 2018-2019 BY TRANSFERRING REMAINING BUDGET FROM THE GREENBRIAR PARK PROJECT TO THE WELLINGTON COMMUNITY HIGH SCHOOL SPORT COMPLEX PROJECT; AND PROVIDING AN EFFECTIVE DATE. REQUEST: Approval of Resolution No. R2019-45 to transfer the remaining budget for the Greenbriar Park Improvement project to the WCHS Sport Complex project in order to begin project design and construction.
Attachments: 1. 1. R2019-45 Reassign Surtax Funding to WCHS Sport Complex
Date Action ByActionResultVoteMeeting DetailsVideo
No records to display.

…title

ITEM:                     RESOLUTION NO. R2019-45 (CAPITAL PROJECT AMENDMENT)

 

A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL AMENDING THE SALES SURTAX FUND CAPITAL PROJECT BUDGETS FOR FISCAL YEAR 2018-2019 BY TRANSFERRING REMAINING BUDGET FROM THE GREENBRIAR PARK PROJECT TO THE WELLINGTON COMMUNITY HIGH SCHOOL SPORT COMPLEX PROJECT; AND PROVIDING AN EFFECTIVE DATE.  

 

REQUEST:                     Approval of Resolution No. R2019-45 to transfer the remaining budget for the Greenbriar Park Improvement project to the WCHS Sport Complex project in order to begin project design and construction. 

 

…body

EXPLANATION:                     On July 24, 2019, the Palm Beach County School Board approved an Interlocal Agreement with the Village of Wellington for funding, planning, designing, constructing and maintaining the Wellington Community High School Sport Complex on School District property.

 

Over $7.9 million in Sales Surtax funding was allocated to the Greenbriar Park improvements, which will be deferred to complete the WCHS Sport Complex.  These funds are sufficient to complete the initial phases of the Sport Complex design and construction. Approval of Capital Project Amendment Resolution No. R2019-45 will reallocate funds from the Greenbriar Park project to WCHS Sport Complex budget within the Sales Surtax Fund.  

 

BUDGET AMENDMENT REQUIRED:                     YES

 

PUBLIC HEARING:                     NO                      QUASI-JUDICIAL:                      

 

FIRST READING:                                            SECOND READING:                      

 

LEGAL SUFFICIENCY:                     YES 

 

FISCAL IMPACT:                     FY 2018-2019 budgeted and carry forward funds will be transferred within the Sales Surtax Fund for no net fiscal impact.

 

WELLINGTON FUNDAMENTAL:                     Responsive Government 

 

RECOMMENDATION:                     Staff recommends approval of Resolution No. R2019-45 and Capital Project Amendment 2019-017 to reallocate budgeted funds from the Greenbriar Park Improvement project to the WCHS Sport Complex project for no net fiscal impact.