(7)(d)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 12/18/2024
- Title:
- Budget Amendment - Lago Mar East Offsite Project
- Submitted For:
- Cynthia Rushing
- Submitted By:
- Cynthia Rushing, Finance
- Department:
- Finance
Information
ACTION REQUEST
Consider approval of a request to amend the fiscal year 2024-2025 budget to accept and appropriate funds from Lago Mar Development Authority and appropriate fund from the Undesignated Fund Balance Sewer Zone 2.
BACKGROUND (Brief Summary)
City Commission approved the cost-sharing of Phase II of the project to install a 24-in and 16-in force main for the Lago Mar Development at the December 4, 2024, meeting, resolution 2024-169. This is the budget amendment details for the Developer's deposit for the cost of the project.
RECOMMENDATION
The Finance Department recommends the following Budget amendment to accept and record the Developer's deposit.
| Org | Object | Project | Description | AMOUNT |
| 256702 | 55681 | 25603 | LAGO MAR EAST CONSTRUCTION FUND | $ 2,300,267.53 |