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43 Mr. Toscano said he thought Council had decided to reserve tie money in the budget and then grapple with the issues of the program. It was agreed that the program would be developed before it was named. Council agreed to provide the $150,000 over two years for the Entrepreneurial Village, comingent upon having membership on the board. Policy issues Ms. Daugherty said she would support transferring future budget surpluses above 12% to the capital fund on the condition that a report is sent to Council. Mr. O'Connell said Council would have to approve the transfer as part of the year- end appropriation. Council agreed to the transfer of surplus funds above 12% tO the capital fund. Council agreed to the following: transferring interest income amounts above $500,000 to the capital fund (already agreed to); funds ~om sale of City property for housing to go to Housing Initiatives; funds from sale of City property for par'king to go to the Strategic Investmem Fund; develop an option in future budgets with 50-50 trash sticker/general fund ratio; and use carry over day care funds from FY 99/00 to FY 00/01 to provide local match (akeady agreed to). Mr. Cox said he would like to revisit the request for the Bayly Art Festival and Council agreed to provide $3,000 for the Festival. The meeting was adjourned. Preside~'~ ~~~-~ COUNCIL CHAMBER - April 3, 2000 Council met in regular session on this date with the following members present: Mr. Caravati, Mr. Cox, Ms. Daugherty, Ms. Richards, Mr. Toscano. RECOGNITIONS/AWARDS Ms. Daugherty presented the City's Business Recognition Award to Martha Jefferson Hospital, and Mr. James Haden, Presidem of the Hospital, accepted the award. Ms. Daugherty presented the Proclamation declaring Telecommunication's Week to Ms. Debbie Wade and Ms. Marge Thomas of the E-911 Center. Ms. Daugherty read a proclamation recognizing Mrs. Rebecca McGinness who recently died at the age of 107. PUBLIC Mr. Kevin Cox, 311 Fair~vay Avenue, referring to comments about the Meadowcreek Parkway made at the last Council meeting by Mr. Richard Collins, said that no ones knows what wSll happen if the Meadowcreek Parkway project is cancelled, but Mr. Cox was told by Mr. Carter Myers, Transportation Board member, that he believes the City would have to pay back the money spent by VDOT. Regardless of this, Mr. Cox said that he thinks the road should be built on its own merits. Dr. Joseph Mooney, 201 Sunset Avenue, invited the public to attend a Council candidates' forum spqnsored by the Fry's Spring Neighborhood Association on Wednesday April 12 . Dr. Mooney said that if Ms. Daugherty has changed her mind about not running for office, she could conduct a write-in campaign.