RESOLUTION NO. ___-2025
RESOLUTION OF THE FORT BRAGG CITY COUNCIL
and
RESOLUTION NO. ID___-2025
RESOLUTION OF THE FORT BRAGG MUNICIPAL IMPROVEMENT DISTRICT BOARD APPROVING BUDGET AMENDMENT NO. 2025/26-5 FOR FISCAL YEAR 2025/26 WHEREAS, on April 28, 2025 City Council and the Fort Bragg Municipal Improvement District No. 1 Board, authorized the execution and delivery of the Installment Purchase Agreement with Everbank, N.A., to fund the remaining costs of the City’s Municipal Broadband Project; and WHEREAS, on June 10, 2025, the City Manager submitted to the City Council and the Fort Bragg Municipal Improvement District No. 1 Board, the City of Fort Bragg Capital Projects for FY 2025/26; and WHEREAS, on July 12, 2025, Installment Purchase Agreement funds were transferred by Everbank to the City; and WHEREAS, this funding allocation is needed to complete the City’s Municipal Broadband Utility Project; and WHEREAS, the attached Exhibit A details the proposed amendment of funds; and WHEREAS, based on all the evidence presented, the City Council/District Board finds as follows:
The adjustment of funds to the FY2025/24 Budget have been identified and are necessary, as shown in Exhibit A.
The foregoing recitals are true and correct and are made part of this Resolution.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Fort Bragg/District Board of the Fort Bragg Municipal Improvement District No. 1 does hereby BE IT FURTHER RESOLVED that the City Council of the City of Fort Bragg/District Board of the Fort Bragg Municipal Improvement District No. 1 does hereby approve Budget Amendment No. 2025/26-5 for $7,879,810.41 amending the FY 2025/26 budget.
The above and foregoing Resolution was introduced by Council/Board Member ________, seconded by Council/Board Member ________, and passed and adopted at a regular meeting of the City Council of the City of Fort Bragg/District Board of the Fort Bragg Municipal Improvement District No. 1 held on the 25th day of August, 2025, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSED:
JASON GODEKE
Mayor/Chair
ATTEST:
Diana Paoli
City/District Clerk
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