R01-333 RESOLUTION 01- ~ ~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING
THE TRANSFER OF FUNDS IN I'HE AMOUNT OF
$1,274,162.00 FROM VISIONS 20/20 FUNDS TO CRA;
AND PROVIDING AN EFFECTIVE DATE.
WItEREAS, at the request and recommendation from the Chair of the CRA, the City
Commission has reviewed funds from the Visions 20/20 project and has determined that a
mrtion of the funds from the Boynton Beach Promenade and CBD Parking project may be
ransferred to the CRA; and
WHEREAS, there is money available in the City's Capital Improvement Budget to
cover the funds required to facilitate this transfer;
WHEREAS, the reallocation of funds proposed herein can be accomplished without
the necessky of additional appropriation by the City Commission.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The foregoing Whereas clauses are true and correct and are adopted as
the basis for the following transfer of funds.
Section 2. The City Commission hereby authorizes the transfer of $1,274,162.00
fi.om the Visions 20/20 funds to the CRA account to fund the Boyntun Beach Promenade and
CBD project.
Section 3.
PASSED AND ADOPTED this
That this Resolution will become effective immediately upon passage.
18 day of December, 2001.
Clerk
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