Title
Amends Resolution 14-0458-RES approving Sponsorship Agreement with Taking Off Hot Air Balloon Co.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
In Resolution 14-0458-Res the total amount for incorrectly stated an additional $45,000 was appropriated when it should have been $55,000. The amount of the balloon is $60,000 plus the $10,000 a year for various events. We had $15,000 budgeted. This resolution would amend the amount.
SOURCE OF FUNDING:
Please provide the amount requested: $10,000
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $60,000 Account No. 01-620-3210 Contracts for Public Service
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 14-0458-Res stated an additional amount of $45,000 was appropriated when it should have been $55,000 as the balloon cost is $60,000, which will be paid up front and another $10,000 for the remained of the year for promoting the City of Foley.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Amends Resolution 14-0458-Res to state $55,000 was appropriated for the Sponsorship Agreement with Taking Off Hot Air Balloon Co. instead of $45,000 under Account No. 01-620-3210 Contracts for Public Service.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.