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Minutes of the Regular Meeting of Council <br />y_ ._ -- ------ <br />- --- -----Honda ,December-15, 2014-------------- - - --- - - - - <br />Page 13 - <br />Council President Buckholtz asked, any discussion? <br />Mr. Wynne replied, this is to cover the actual cost of the entryways at Aintree and <br />Hanover, the lighting on the road into the Library and setting funds aside now for the <br />project we are doing next year for the sidewalk going from the fire station to Beta. <br />Mr. Saponaro asked, are any funds coming back on this one? Do we get reimbursed for <br />anything on this? <br />Mr. Wynne replied, the Library paid for half the cost of the lighting. We already received <br />that. <br />Council President Buckholtz asked, any other comments or questions? There were none. <br />Roll Call: AYES: All <br />NAYS: None <br />Motion Carried <br />Transfer Approved <br />Motion to authorize transfer from the General Fund to the Green Corridor <br />Construction Fund to cover costs associated with the trail system the sum of One <br />Hundred Fifty Thousand Dollars ($150,000). <br />Mrs. Mills, seconded by Mr. Marrie, made a motion to authorize transfer from the General Fund <br />to the Green Corridor Construction Fund to cover costs associated with the trail system the sum <br />of One Hundred Fifty Thousand Dollars ($150,000). <br />Council President Buckholtz asked, any discussion? <br />Mr. Wynne replied, coming into this year, we knew the cost of the construction project was <br />going to be about $1.3 million. We were getting $1,067,000 back from the NOACA Grant. <br />We had a beginning Fund balance, I am not sure of the amount, but this $150,000 was to <br />cover the shortfall that existed as a result of those three items. <br />Council President Buckholtz asked, it's no specific expenditure? <br />Mr. Wynne replied, no. <br />Mr. Saponaro asked, so the original budgeted amount-was $1,067,417.58? <br />Mr. Wynne replied, that's the amount of the grant. <br />Council President Buckholtz asked, the original budgeted amount was $1.3 million? <br />Mr. Wynne replied, yes. With Mr. Excavator. Of that $1.3 million, $1,067,417.58 was <br />coming back in the form of a grant. On top of that, we had some engineering costs we had <br />to incur during the year. Take those amounts less the beginning fund balance, we were <br />short by about $150,000 which is what this transfer is. <br />