12/15/2014 Meeting Minutes - Laserfiche WebLink

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Minutes of the Regular Meeting of Council --- - -- ---Monday,-December 15014- ----- ----- ---~ ----- -- Page 9 Mr. Wynne pointed out, the first item, the Street Construction Maintenance and Repair Fund for $1.8 million, that was originally $1.6 million in the budget passed in March. We increased that by $200,000 to cover additional salt purchases we were required to make during the summer and then also the cost of the work done on the Civic Center driveway. That cost will be returned to us in the first quarter of next year when we get our grant money. The final item on the infrastructure improvement fund was originally $25,000. It was increased to $100,000 to ,cover the costs for previous items Council approved to study the flooding issues on Beta as well as the cleaning up of the Wiley basin. Council President Buckholtz asked, so there has already been legislation approved for these items or would be approved in terms of the difference of the $1.6 million to $1.8 million? Mr. Wynne replied, they were items Council approved during the year. Council President Buckholtz asked, previously, so they are reflected in the budget now? Mr. Wynne replied, yes. Mr. Jerome asked, what was different this year? We got the salt in the summer for this winter season? Mr. Metzung replied, they offered a summer salt fill program. It's been a long time since they have done it. We took advantage of that. It saved us a few dollars per ton over what the winter numbers were. Council President Buckholtz asked, any other questions? There were none. Roll Call: AYES: All Motion Carried NAYS: None Transfers Approved - Bond Retirement and TIF Transfers Motion to authorize transfer from the: ^ General Fund to the General Bond Retirement Fund to cover current and future debt payments not funded by T.I.F., Special Assessment and Property Tax Revenue -the sum of Nine Hundred Thousand Dollars ($900,000). ^ North Commons T.I.F. Fund to the General Bond Retirement Fund to offset debt payments the sum of Eight Hundred Seventy Four Thousand Three Hundred Eighty Seven Dollars and Twenty-Two Cents ($874,387.22).