12/16/2013 Meeting Minutes - Laserfiche WebLink

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