Item J5
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: April 17, 2002
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of a resolution amending the fiscal year 2002 budget.
Item Background:
The proposed resolution makes two changes to the fiscal year 2002 budget. First, the resolution
increases the budget by $810,000 to allow for the expenditure of all available Preservation 2000
revenue. By statute these funds are to be used for purchasing lands that are subject to ROGO or
located in CARL projects and this increase will be used to close transactions previously approved by
the Board. Second, the resolution transfers funds from Capital Outlay to Grants and Aid for
appropriations where the Land Authority will acquire a mortgage lien interest rather than a fee simple
interest. This transfer will accommodate mortgages previously approved by the Board for Phases 1 and
2 of the Tradewinds Hammock development and for the Meridian West development.
Advisory Committee Action: N/A
Previous Governing Board Action: N/A
Contract/Agreement Changes: N/A
Staff Recommendation: Approval
Total Cost: $ N/A
Budgeted: Yes
No
Cost to Land Authority: $ N/A
Approved By: Attorney ~
OMS/Purchasing
~. c1~Ch
Risk Management
Executive Director Approval:
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #5
RESOLUTION NO.
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY AMENDING THE
FISCAL YEAR 2002 BUDGET.
WHEREAS, the Monroe County Comprehensive Plan Land Authority (hereinafter "Land
Authority") was created pursuant to section 380.0661, Florida Statutes and Monroe County
Ordinance #31-1986; and
WHEREAS, pursuant to section 259.101 (3)( c), Florida Statutes, the Florida Legislature has
allocated Preservation 2000 revenue for use by the Land Authority for the purchase of property
subject to local government rate of growth ordinances or property located in Conservation and
Recreation Lands (CARL) projects; and
WHEREAS, the Board wishes to increase the current budget for Fiscal Year 2002 to allow for
the expenditure of all available Preservation 2000 revenue; and
WHEREAS, the Board wishes to transfer funds from Capital Outlay to Grants and Aid for
appropriations where the Land Authority will acquire a mortgage lien interest rather than a fee
simple interest; NOW, THEREFORE,
BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY
that the Fiscal Year 2002 budget is hereby amended as follows:
Current Increase Revised
Budget (Decrease) Budget
Revenues:
Intergovernmental
Preservation 2000 5,800,000 810,000 6,610,000
Total Other Revenue 12,277,725 0 12,277,725
Total Revenue $18,077,725 810,000 18,887,725
Appropriations:
Capital Outlay
Property in FL Keys ACSC 4,080,876 (2,600,000) 1,480,876
RaGa and CARL (Preservation 2000) 5,800,000 810,000 6,610,000
Grants and Aid
Property in FL Keys ACSC 0 2,600,000 2,600,000
Total Other Appropriations 8,196,849 0 8,196,849
Total Appropriations $18,077,725 810,000 18,887,725
BE IT RESOLVED BY SAID BOARD that the Executive Director, upon receipt of the above, is
hereby authorized and directed to make the necessary changes of said items, as set forth
above.
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PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a
regular meeting on this day of April 2002.
(Seal)
ATTEST:
MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
Mark J. Rosch
Executive Director
Nora Williams
Chairman
Approved for Legal Sufficiency
Larry R. Erskine
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