Title
Appropriates funds associated with the purchase of the Pen Air Property in the amount of $401,318.00
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
SOURCE OF FUNDING:
Please provide the amount requested: _$401,318.00_______
Is this a budgeted item? No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, Resolution 13-0106 approved negotiating the purchase of real property within the City of Foley, but funds were not appropriated for the purchase.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Appropriates funds under Capital Projects Account No. 12-665-7314 in the amount of $401,318.00 associated with the purchase of the Pen Air property.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.