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03-16-04 Item 201 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA AUTHORIZING PAYMENT FOR THE RESIDENTS' NEW GARBAGE RECEPTACLES FROM THE CITY'S CASH RESERVE ACCOUNT; PROVIDING FOR EFFECTIVE DATE WHEREAS, the Mayor and City Commission desire the City to absorb the costs of the new refuse containers required by the garbage collection system due to begin operations on April 5, 2004; and WHEREAS, this represents a substantial amount of money which was not otherwise budgeted for; and WHEREAS, the only place from which these funds can be allocated during this fiscal year is the City's Cash Reserve Account which had a balance of $664,743.00 at the beginning of FY 2003. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: SECTION 1. That the City Manager is authorized to withdraw $116,048.00 from the City's General Fund Cash Reserve Account to pay for the residents' garbage receptacles, leaving a balance of $558,695.00 in that account. SECTION 2. That this Resolution shall take effect immediately upon approval. PASSED AND ADOPTED THIS ATTEST: CITY CLERK READ AND APPROVED AS TO FORM: CITY ATTORNEY DAY OF , 2004. APPROVED: MAYOR Commission Vote: Mayor Russell: Vice Mayor Palmer: Commissioner Wiscombe: Commissioner Birts- Cooper: Commissioner Sherar: