Title
A Resolution of the City Commission amending the Fiscal Year 2024-2025 amended Annual Budget to recognize impact fee receipts collected through July 31, 2025, and to appropriate such funds towards the cost of capital infrastructure projects.
Body
The proposed resolution is to amend the Fiscal Year 2024-2025 Annual Budget to recognize impact fee receipts collected through July 31, 2025, and to appropriate such funds towards capital infrastructure projects that are consistent with the Coral Gables Impact Fee Ordinance mandating the appropriate use of the funds.
The appropriation of impact fees to Fire House 4 will free up current general capital funding in the Fire House 4 project for an amount of $1,235,675 which will be transferred to the City Hall Renovation capital project.
Recommended Action
Adopt the Resolution.