Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
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MOTION TO ADOPT budget Resolution No. 2021-297 within the General Fund in the amount of $345,548 for the purpose of providing funding for the NuRiver settlement of the overpaid rent.
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Why Action is Necessary
Board approval is needed for transfers from reserve.
What Action Accomplishes
Transfers $345,548 from the commission reserve within the General Fund to Real Property to make the settlement payment.
Is this Action Goal Related
No
Previous Action Taken
Board date 5/4/2021 Item 45
Summary Explanation/Background
On May 4th 2021, the board approved the agreement for resolution of disputes between Broward County and NuRiver Landing Condominium Association, Inc. on the overpaid rent. This budget action transfers the budget from commission reserve to make the payment.
Source of Additional Information
Norman Foster, Director, Office of Management and Budget, (954) 357-6346
Fiscal Impact
Fiscal Impact/Cost Summary
This action will transfer budget from the commission reserve in the General Fund for the settlement payment on overpaid rent to NuRiver.