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Budget Resolution Realigning Funds From Reserves for Contingencies to Improvements for Overhead Extension of Electrical Services Payment to Duke Energy for Rescue Way Road Project at Brooksville-Tampa Bay Regional Airport
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BRIEF OVERVIEW
On July 25, 2023, the Board approved the construction of the East Side Development Project; Contract No. 23-CG003, Project No. 111919. As part of that project, overhead electric is being extended to Rescue Way to accommodate a current leaseholder, as well as future development.
The attached budget resolution is to transfer funds from reserves to pay the invoice for the needed electrical work.
FINANCIAL IMPACT
Funding is available in the following account with approval of attached budget resolution for $58,074.35.
• Fund: 4311 - Airport, Department: 07411 - Airport Operations, Account: 5909917 - Budget Res for Contingency.
• Fund: 4311 - Airport, Department: 07411 - Airport Operations, Account: 5626301 - Improv (Grtr Than $10,000).
LEGAL NOTE
The Board has authority to act on this matter pursuant to Chapter 125, Florida Statute.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached associated budget resolution.