RESOLUTION #2008-030

 

TEMPORARY CAPITAL BUDGET

 

          WHEREAS it is desired to adopt a temporary capital budget.

 

            NOW, THEREFORE, BE IT RESOLVED by the Governing Body of the Borough of Harvey Cedars, County of Ocean, that the following temporary capital budget be adopted:

 

CAPTIAL BUDGET (Current Year Action)

2008

                        Project:  Road Improvements

                        Estimated Total Cost:  $250,000.00

                        Capital Improvement Fund: $12,500.00

                        Debt Authorized:  $250,000.00

 

3 YEAR CAPITAL PROGRAM 2008 - 2010

ANTICIPATED PROJECT SCHEDULE and FUNDING REQUIREMENT

                        Project:  Road Improvements

                        Estimated Total Cost:  $250,000.00

                        Budget Year 2008:  $250,000.00

 

3 YEAR CAPITAL PROGRAM 2008 - 2010

SUMMARY OF ANTICIPATED FUNDING SOURCES AND AMOUNTS

                        Project:  Road Improvements

                        Estimated Total Cost:  $250,000.00

                        Capital Improvement Fund: $12,500.00

                        Bonds and Notes – General:  $237,500.00

 

BE IT FURTHER RESOLVED that two certified copies of this resolution be filed forthwith in the Office of the Director of Local Government Service.

 

PASSED ON:   February 19, 2008