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<br />RESOLUTION NO. 2007-~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING A BUDGET <br />AMENDMENT TO FISCAL YEAR 2006-2007 BUDGET, IN THE <br />AMOUNT OF FIFTEEN THOUSAND DOLLARS ($15,000.00), FOR <br />THE PURPOSE OF FUNDING THE CONSULTANT AGREEMENT <br />WITH AMERICAN APPRAISAL ASSOCIATES, INC.; PROVIDING <br />THE CITY MANAGER WITH THE AUTHORITY TO DO ALL <br />THINGS NECESSARY TO EFFECUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Sunny Isles Beach is in need of a professional valuation <br />consultant to develop a comprehensive report covering the capital assets of the City and to assist <br />the City in meeting the reporting requirements of the Governmental Accounting Standards <br />Boards' (GASB) Statement No. 34 and insurance placement; and <br /> <br />WHEREAS, in conjunction with that effort the City wishes to retain American Appraisal <br />Associates, Inc., in an amount not to exceed Thirteen Thousand Two Hundred Seventy-Five <br />Dollars ($13,275.00), to perform these services; and <br /> <br />WHEREAS, this project was not included in the 2006-2007 Fiscal Year Budget and the <br />City Commission wishes to amend the Fiscal Year 2006-2007 Budget to transfer Fifteen <br />Thousand Dollars ($15,000.00) [$13,275.00 plus a small contingency] from the Contingency <br />Fund Account, to Finance Department Professional Services, for the purpose of funding the <br />Consultant Agreement with American Appraisal Associates, Inc. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section I. Approval of the Minor Budget Amendment. The City Commission hereby <br />approves the following minor budget amendment for the Fiscal Year 2006-2007 adopted budget: <br /> <br />Transfer Description Amount Transfer to Description Amount <br />Contingency Expense $15,000 10-513-5315 Professional $15,000 <br />10-519-5990 Services <br /> <br />Section 2. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate the terms of this Resolution. <br /> <br />Section 3. <br /> <br />Effective Date. This Resolution will become effective upon adoption. <br /> <br />PASSED AND ADOPTED this 19th day of July 2007. <br /> <br />R2007- Budget Amendment for American Appraisal Assoc Agmt.docPage 1 of2 <br />