2005-030 Interlocal Funding Agrmnt Amendment w/PBC-Prosperity Farms Road~.
-- RESOLUTION N0.30-2005
• A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM
BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE MAYOR AND VILLAGE
CLERK TO ENTER INTO A FIRST AMENDMENT TO THE INTERLOCAL FUNDING
AGREEMENT DATED FEBRUARY 24, 2004, BETWEEN THE VILLAGE AND THE
BOARD OF COMMISSIONERS OF PALM BEACH COUNTY WHICH PROVIDED
FINANCIAL. ASSISTANCE FROM THE COUNTY TO THE VILLAGE FOR THE
CONCEPTUAL PLANNING, DESIGN, CONSTRUCTION OF ROADWAY
IMPROVEMENTS AND INSTALLATION OF LANDSCAPING FOR BEAUTIFICATION
OF PROSPERITY FARMS ROAD BETWEEN NORTHLAKE BOULEVARD AND
BURNS ROAD WITHIN THE VILLAGE; THAT THE FIRST AMENDMENT INCREASES
FINANCIAL ASSISTANCE TO THE VILLAGE IN AMOUNT OF $130,000.00 AND IS
ATTACHED AS EXHIBIT "A"; AND, PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH, FLORIDA:
Section 1. The Village Council of the Village of North Palm Beach, Florida, hereby
approves the First Amendment to the Interlocal Funding Agreement dated February 24, 2004,
between the Village and the Board of Commissioners of Palm beach County which provided
financial assistance from the County to the Village for the conceptual planning, design,
construction of roadway improvements and installation of landscaping for beautification of
Prosperity Farms Road between Northlake Boulevard and Burns Road within the Village; that
the First Amendment increases financial assistance to the Village in amount of $130,000.00 and
is attached as Exhibit "A."
Section 2. The Mayor and Village Clerk are hereby authorized and directed to execute the
First Amendment attached as Exhibit "A" to the Interlocal Funding Agreement between the
Village of North Palm Beach and the Board of County Commissioners of Palm Beach County
dated February 24, 2004.
Section 3. This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED THIS 31st DAY OF MARCH, 2005.
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FIRST AMENDMENT TO
• FINANCIAL ASSISTANCE AGREEMENT WITH THE VILLAGE OF NORTH
PALM BEACH REGARDING PROSPERITY FARMS ROAD (NORTHLAKE
BOULEVARD TO BURNS ROAD) BEAUTIFICATION
APR n 5 nKlS
This First Amendment is made -this day of 2005,
amending that Financial Assistance Agreement with the Village of North Palm Beach
Regarding Prosperity Farms Road (Northlake Boulevard to Burns Road) Beautification
dated February 24, 2004, recorded in the official records of Palm Beach County as item
82004 0303, and hereinafter referred to as the "Agreement".
WITNESSETH:
Whereas, the parties hereto previous .entered into the Agreement and,
Whereas, the project which is the subject of the Agreement will cost more than
originally estimated and,
Whereas, the parties remain willing to pursue the project subject to the terms of
the Agreement as amended hereby,
Now, Therefore, in consideration of the promises contained in the Agreement and
this First Amendment, the parties agree as follows:
1. Paragraph 3(A.) of the Agreement is amended to read as follows:
A. Funding. The VILLAGE acknowledges and agrees
that COUNTY has reimbursed the VILLAGE in the amount of
Eighty-two Thousand Five Hundred Dollars ($82,500) toward
the cost of the IMPROVEMENTS for the preparation of the
STUDY in accordance with the AGREEMENT 1. The
COUNTY agrees to reimburse the VILLAGE, subject to the
terms and conditions of this AGREEMENT, an additional
amount not to exceed One Million Forty-seven Thousand Five
Hundred Dollars ($1,047,500) toward the cost of the
IMPROVEMENTS. The VILLAGE agrees that it shall be
• responsible for all costs necessary to complete the
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IMPROVEMENTS in excess of the funding provided or to be
.provided by the COUNTY for the IMPROVEMENTS.
2. Except as modified hereby, all other terms of the Agreement remain in full
force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on
the date written above.
ATTEST:
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:;,Sharon R,,,I3oc~.~..:..TT....,,,,~,,,~~~
Clerk"and ~i~FOIler•.C~'~~,,~
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VILLAGE OF NORTH PALM BEACH,
BY ITS VILLAGE COUNCIL
By:
Typed or printed name '
PALM BEACH COUNTY, FLORIDA, BY
ITS BOARD OF COUNTY COMMISSIONERS
R 2005 070
APR 0 5 2005
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/~ D~Q~•~lerk • .•'a'>i_= Tony Masilgf~fi, Chairifian '
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App oved as to Form and Leg Sufficiency _'~~~ 5-_;~-e>z cis c: "crms .
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