09/20/2005 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 9/28/2005 purchasing items unless there are time restrictions or funding restrictions or risk that we need ® to make sure the city's interests are protected. The directors and division heads also have a responsibility to ensure they are following the proper process and protecting the city's interests. 2) She has submitted the information for the annual information filing that's due at the end of September. It's a required filing that is done because of the debt that we hold. 3) She has been looking at the General Fund and with the budget a little more settled, it seems there are some increased revenues with income tax collections through August, the additional RTA payment that wasn't anticipated in the original budget and also interest rates that are rebounding. These increased revenues are offset by some fees and permits, mostly in the Building, Engineering and Planning permit areas that are behind plan. Since the majority of the building season is close to the end, she does not expect those will meet their plan. She expects about $300,000 over plan in the General Fund. Looking at expenditures, she didn't find any major area other than what was discussed in the appropriations transfer that she felt were really outrageous. There are no significant amounts of money that had been anticipated to be spent but have not been spent. The expenditures will depend on the spending patterns for the remainder of the year. We will probably end the year at expending 98% of the budgeted amounts. She estimates the unencumbered. balance in the General Fund to be approximately $400,000 to $600,004. It is important to remember we are not in control of collecting the majority of our revenues. Also, the division heads are authorized to expend 100% of what's appropriated in their line items. So we have to rely on them to use good judgment as well. 4) Revenue streams are going to be changing dramatically in the next couple of years for the General Fund. Those issues will need to be discussed and decisions made. Councilman Nashar, chairperson of the Streets & Transportation Committee: 1) The committee met on September 13. Present were committee members Talton, Orlowski and Nashar; President of Council Kennedy and Councilmen Miller, Barker, Gareau; Service Director Driscoll, Human Resources Director Dailey, Safety Director Limpert, City Engineer Durbin, Fire Chief Klecan and guests. Agenda items discussed were as follows: • At the September 6 City Council meeting, Councilman Miller had addressed questions with regards to and concerns about extending the rapid transit line into North Olmsted. His concern was due to the increased cost of gasoline. Mr. Joe Calabrese, RTA General Mgr., was invited to attend the committee meeting. Mr. Calabrese said just to start and give consideration to such a proposal, it would take at least 10 to 15 years of planning. In 1996, a study was proposed and the study did not meet the warrants and does not meet them today for North Olmsted. We would have to have a demand such as they have in Washington, D.C. and other large cities. The cost of this project would be approximately $500 million. This does not include the operations costs. Mr. Calabrese did say that plans are being addressed to expand the North Olmsted Park-n- Ride, probably to start next year. • Resolution 2005-127, a resolution authorizing the Mayor to submit an application to the State of Ohio for Issue 2 Infrastructure Bond Program funding for Great Northern Blvd. reconstruction from NOMBL Lane to Country Club Blvd. The count engineer's projected cost is $1,441,000. The design costs from ODOT will be $140,0()0, and 7