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Res No 200-10-13234RESOLUTION NO. 200 -10 -13234 A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to budget; authorizing a transfer of $107,000 from account No. 001- 2100 -519 -3457, settlements to account No. 001- 1500 -514 -3410, Litigation- Special Projects and Cost; providing an effective date. WHEREAS, it is requested that the budget for Litigation- Special Projects and Cost be increased by $107,000 from account No. 001- 2100 -519 -3457; and, WHEREAS, it is essential to provide sufficient funds for Litigation- Special Projects and Cost account to issue payments to bond counsel and related expenditures for the remainder of the fiscal year•, and, WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from account No. 001- 2100 -519 -3457, Other Contractual Service, with a current balance of $127,000, settlements to account No. 001 - 1500 -514 -3410, Litigation - Special Projects and Cost, with a current balance of $12,608.19. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA; Section I. The Mayor and City Commission approve the transfer of $107,000 from account No. 001 - 2100 -519 -3457, settlements to account No. 001 - 1500 -514 -3410, Litigation - Special Projects and Cost. Section 2. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this 21 day of Sept. , 2010 ATTEST: � �?���� ITY CLERK `-� READ AND APPROVED AS TO FORM: r� i CITY ATTORNEV ....t AM) , COMMISSION VOTE: 5 -0 Mayor Stoddard: Yea Vice Mayor Newman: Yea Commissioner Beasley: Yea Commissioner Palmer: Yea Commissioner Harris: Yea CITY OF SOUTH MIAMI: OFFICE OF THE CITY MANAGER INTER - OFFICE MEMORANDUM To: The Honorable Mayor & Members of the City Commission From: Laurence Feingold, City Attorney Lon Date: September 9, 2010 Agenda Item No.: A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to budget; authorizing a Subject: transfer of $107,000 from account No. 001 -2100 -519- 3457, Non - Departmental Contractual to account No, 001- 1500- 514 -3410, Litigation- Special Projects and Cost.; providing an effective date. Funds are being reduced from the Non - departmental Contractual line item which was originally budgeted for the Dante Fascell & Palmer Park: Master Planning and Traffic Calming. Background: The transfer is essential to provide suffieiewt funds for Litigation - Special Projects and Cost account to issue payments to bond counsel and related expenditures for the remainder of the fiscal year. Transfer Amount: $107,000 Transfer From: 001 -2100- 519 -3457, Other Contractual Service, with a current balance of $127,000 Transfer To: 001 -1500- 514 -3410, Litigation - Special Projects and Cost, with a current balance of $12,60$.19 To: City Manager From: City Attorney Date: September 13, 2010 1 HEREBY REQUEST THE TRANSFER OF FUNDS FOR THE REASON SPECIFIED BELOW: Fund/Department Object Code Object Title Amount Transferred From: 001 - 2100- 519 -3457 3457 Other Contractual Service $ 107,000.00 Litigation- Special Projects Transferred To: '-`° 001- 1500 -514 -3410 3410 and Cost $ 107,000.00 Department Head Signature: Date: FINANCE DEPT. 11 j�l[c> DATE: CITYMANAGER APPROVED: DISAPPROVED: MANAG R