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Minutes of the Regular Meeting of Council <br />Monday, December 20, 2021 <br />Page 8 <br />Motion to authorize transfer in the amount of $53,308.07 from the Police Pension <br />Fund to the General Fund to offset pension costs. (Finance Department) <br />Mr. Marquardt, seconded by Mrs. Jurcisek, made a motion to authorize transfer in the amount of <br />$53,308.07 from the Police Pension Fund to the General Fund to offset pension costs. (Finance <br />Department) <br />Council President Schutt asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Transfer Authorized <br />Motion to authorize transfer in the amount of $66,030.89 from the Police Operating <br />Fund to the General Fund to offset operating expenses. (Finance Department) <br />Mr. Marquardt, seconded by Mr. Meyers, made a motion to authorize transfer in the amount of <br />$66,030.89 from the Police Operating Fund to the General Fund to offset operating expenses. <br />(Finance Department) <br />Council President Schutt asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Transfer Authorized <br />Motion to authorize transfer in the amount of $924,964.30 from the North Commons <br />T.I.F. Fund to the General Fund to reimburse the Village. (Finance Department) <br />Mr. Marquardt, seconded by Mr. Meyers, made a motion to authorize transfer in the amount of <br />$924,964.30 from the North Commons T.I.F. Fund to the General Fund to reimburse the Village. <br />(Finance Department) <br />Council President Schutt asked, discussion? <br />Mr. Wynne stated, I would just like to mention as a reminder for this motion as well as the next <br />four that relate to the TIFS. Typically, at year-end, Council would transfer the T.I.F. money from <br />the T.I.F. Fund to the Bond Retirement Fund but because all of our debt is currently funded, we <br />are now in a position where we can take that T.I.F. money and transfer it to the General Fund to <br />pay us back some of the monies that we paid out of the General Fund at the time those projects <br />took place. We will be doing this for the next five or six years until we fully reimburse ourselves. <br />