Title
A Resolution Approving Action Related to the USDA RDBG Equipment Grant
Summary
Description of Topic: (who, what, where, when, why and how much)
A Resolution Approving Action Related to the USDA RDBG Equipment Grant
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
__X__ Not Budgeted - account #__01-620-3222_____ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, the City obtained a USDA Grant for ice making/storing equipment and a concession trailer, and
WHEREAS, the City needs to secure an equipment lease and operation agreement of the ice equipment, and
WHEREAS, the USDA RDBG grant stipulates monies made from the equipment be earmarked for insurance and maintenance and held in a separate checking account, and
WHEREAS, budget dollars must be appropriated.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes the Mayor to enter into an equipment lease and operation agreement with Valley Ice, LLC.
SECTION 2: Approves opening a checking account at Bryant Bank titled USDA RDBG Equipment Account, to be used to hold the revenue generated and authorizes Wayne Trawick, Ralph Hellmich, Charlie Ebert III and Sue Steigerwald as signers on the account.
SECTION 3: Appropriates $2,400 for utilities and $8,000 setup cost ($10,400 total) to expense account 01-620-3222, and $15,600 other rental income to account 01-4757 as anticipated revenue from Valley Ice, LLC, through 9/30/2017.
SECTION 4: Authorizes Finance to setup a different account structure if it is later determined to be necessary.
SECTION 5: This Resolution shall become effective immediately upon its adoption as required by law.