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Minutes of the Regular Meeting of Council <br />Monday, December 16, 2013 <br />Page 12 <br />Motion to authorize transfer from the General Fund to the Green Corridor <br />Construction Fund to cover future costs associated with the trail system the sum of <br />One Hundred Seventy-Five Thousand Dollars ($175,000). <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to authorize transfer from the General Fund <br />to the Green Corridor Construction Fund to cover future costs associated with the trail system the <br />sum of One Hundred Seventy-Five Thousand Dollars ($175,000). <br />Council President Buckholtz asked, discussion? <br />Mr. Wynne replied, this is just a transfer that we have been making every year for the past <br />couple years. The funding for the construction through NOACA is an 80/20. 80 comes through <br />the grant, 20 is our portion. In addition to our 20%, we have to pay the engineering costs to go <br />along with it. This $175,000 is just to cover our portion of the project. <br />Council President Buckholtz asked, do we know what is in that account right now? This has <br />been building up? <br />Mr. Wynne replied, it's been building up every year, but we also spend it down every year <br />because URS had to do a lot of preliminary work before we went out to bid on the project. Now <br />construction started, so we have started to draw down on that a little bit also. As of today's date, <br />I don't know the exact amount. <br />Council President Buckholtz asked, any other questions? There were none. <br />Roll Call: AYES: Buckholtz, Cinco, Mills, Motion Carried <br />Parker, Delguyd, Marrie Transfer Approved <br />NAYS: Mazquardt <br />Motion to authorize advance from the General Fund to the Green Corridor <br />Construction Fund to cover the construction costs of the trail system the sum of One <br />Million 5igty Seven Thousand Four Hundred Seventeen Dollars and Fifty-Eight <br />Cents ($1,067,417.58) (These funds will be reimbursed to us by NOACA in 2014). <br />Mrs. Mills, seconded by Mrs. Cinco, made a motion to authorize advance from the General Fund <br />to the Green Corridor Construction Fund to cover the construction costs of the trail system the <br />sum of One Million Sixty Seven Thousand Four Hundred Seventeen Dollars and Fifty-Eight <br />Cents ($1,067,417.58) (These funds will be reimbursed to us by NOACA in 2014). <br />Council President Buckholtz asked, any discussion? <br />Mr. Wynne replied, again, this is the 80% cost of the construction project that is through a grant. <br />Once that money is received next year, it will be paid back to the General Fund. <br />Council President Buckholtz asked, it covers things that we have done and things we will have <br />done?