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The unexpended revenue of $16,918.55 in Fund <br />28 derived from net proceeds for the 1986 City Auction <br />held in June, 1986, shall be permitted to be carried over <br />in the Equipment Replacement Fund and expended in the <br />current fiscal year for the purpose for which it was <br />originally appropriated. <br /> <br />IX. Data Processing Fund <br /> <br />(a) Continuing Appropriation <br /> <br /> The unexpended revenue of $20,630.16 in <br />expenditure account 13-31010 at June 30, 1986, shall be <br />permitted to be carried over and expended in the current <br />fiscal year for the purposes for which it was originally <br />appropriated. <br /> <br />RESOLUTION: APPROVING FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM <br /> <br /> Mr. Hendrix stated that a resolution had been <br />prepared approving the funding and projects proposed for <br />the Five-Year Capitol Improvement Program. Mr. Hendrix <br />stated that each year the projects would be reassessed and <br />would'be appropriated in the budget each year. Mr. <br />Hendrix noted that this resolution was not an <br />appropriation of the funds. <br /> <br /> Dr. Joseph Mooney, Chairman of the School Board, <br />stated that the School Board was aware that the Five-Year <br />Capital Improvement Program would set a serious tone for <br />direction in the area of capital improvements, and it was <br />the School Board's recommendation that the renovations for <br />Clark and Venable Elementary Schools be included in the <br />Program. Dr. Mooney stated that while the School's <br />Capital Improvement Steering Committee had questions about <br />the renovations at Clark, the School Board felt the <br />additional space was necessary, though the question <br />remained regarding replacing the facade of the building <br />which was estimated to cost approximately $100,000 to <br />dismantle and replace the columns of the portico of the <br />building. Dr. Mooney stated that the School Board would <br />leave the decision regarding the columns up to Council. <br /> <br /> Mr. John Sidler, stated that he felt the Capital <br />Improvement Program was a good review of the community <br />needs, but noted that many of the items were maintenance <br />related. Mr. Sidler stated that he hoped that the City <br />would give a commitment that continuing maintenance will <br />be provided. Mr. Sidler stated that he was concerned with <br />the contingencies in the program which amounted to 6% of <br />the total plan and that there had not been an alternative <br />given for funding should the Literary Funds not be <br />available. Mr. Sidler stated that most of the projects <br />would be funded in the first and second years and <br />questioned what course the City would take as needs arise <br />in the future. <br /> <br /> The resolution approving the Five-Year Capital <br />Improvement Program was moved by Dr. Hall and seconded <br />by Mrs° Gleason. <br /> <br /> Mr. Barnes stated that he felt it would be helpful to <br />address the concerns raised by Mr. Sidler. <br /> <br /> Mr. Gary O'Connell, Deputy City Manager, stated that <br />the City was continuing its commitment to maintenance, <br />noting that a capital plant assessment had been addressed <br />in the budget. Mr. O'Connell stated that the contingency <br />funds had been set aside for cost overruns, inflation and <br />to provide the flexibility for projects that might later <br />become high priorities° Mr. O'Connell stated that the <br />debt service had been based on Literary Funds not being <br />used. Mr. O'Connell stated that funds for the debt <br /> <br /> <br />