12/15/2014 Meeting Minutes - Laserfiche WebLink

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Minutes of the Regular Meeting of Council - -- ------Monday, December-15-2014-- - - ------- --- -- Page 14 Mr. Jerome asked, so we won't get this back? Mr. Wynne replied, no. Council President Buckholtz asked, when you say engineering costs, is that one company? Mr. Wynne replied, it was our engineer. On-site within the spectrum of the project going on. Council President Buckholtz asked, any other questions? There were none. Roll Call: AYES: All NAYS: None Motion to authorize partial return of 2013 advance to the Green Corridor Construction Fund from the General Fund the sum of Nine Hundred Thirty-One Thousand Seven Hundred Forty Seven Dollars and Fifty-Four Cents ($931,747.54) Mrs. Mills, seconded by Mr. Jerome, made a motion to authorize partial return of 2013 advance to the Green Corridor Construction Fund from the General Fund the sum of Nine Hundred Thirty-One Thousand Seven Hundred Forty Seven Dollars and Fifty-Four Cents ($931,747.54) Council President Buckholtz asked, any discussion? Mr. Wynne stated, last year when Council approved the contract for the construction of the trail, we had to transfer money from the General Fund to the Green Corridor Fund to cover that commitment. That transfer at that time was an advance of the $1,067,417.58. We are getting that money back in the form of a grant. We get that money back as we pay Mr. Excavator. $931,000 represents our reimbursement of what we already'paid Mr. Excavator. We will get approximately another $136,000 back next year once the final payment is made. Council President Buckholtz asked, the reimbursement has to come through the Green Corridor Fund and then gets repaid to the General Fund? Mr. Wynne replied, yes. Motion Carried Transfer Approved ~~ 1 Council President Buckholtz asked, any other questions? There were none. Roll Call: AYES: All NAYS: None Motion Carried Transfer Approved