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iY.T.IQt7`P,`3S <br />Speci.al P~lecting <br />July 1£3, 19P,9 <br />7.9H8 1ludit P•1r, ~Ioto inclic~i~eca that he .f-e]t L•he Franklin Funa:=, should be <br />Report _leLt a].one, rars. F'reeman st~ted tkxat tkaere are some older <br />(cont, ) investments that she ~~~oul_d lii;e ttte Counci7. to reviez~~, TYae <br />Council ~elt t1i~t these o_lcler anvestmenLS could ~~ossibl.y be <br />].ac~uida~ea, I~tr. F~atiey inclicated tkaat this rnoney could be <br />put into a 30°day CU instead of the F'ranlc.lin Funds, <br />The seconc~ re~or.t that ~~~as reviesaec~ y~as ~he Capatal nroject <br />Funds clated Dec~mber 3J., _l'~f38, <br />P9r, Voto re~~orted tkaau for ~l~e 1~39 ~udget, the City <br />tr.ans3erred 5170,00~ out o.'c tlae general Lax snorii.es into the <br />capital areay 590,000 was ior the bridc~e renairo $3Q,000 ~or <br />budget requests under the _E~~rk cleveloprnen~, Pzr. Voi-.o <br />indica~ed 4hat tlie 590,000 for the briclc~e ret>~?ir w9.7.1. not be <br />neec~ec`( S.n 1.990. <br />~ir, ~Ioto stated t-hat State Aid P.o~cls i.s a~~lnd wla:i.cka the <br />Ci.~y has been usi.ng si,nc~ 1.9R~ f-or. aJ.l icinds of P~SZ~ <br />~~rojects. t1r. , Voto inda.ca'ced thlt klardly any of the PiSn <br />projecf.s have b~en f:ully `cinanced ~ahich results 9.n the <br />575,539 d~ficit, clra Voto re~~ortec~ th~it one of tkte ba.g <br />~~rojects is ~he bridge rep~ir k~roject, Tlae City k~as not <br />received P~15A monie.> orz that ~roject, <br />C~Ir, Voto stated L•kxat the state ~id roacl };7roject is ~ func] <br />wkaere the Cihy jusY. anticipated ful7.y z:inancecl P`[;,11 projects <br />tkaat kaave never mater9.al.izede <br />Mr, Fakaey indicated tha~ he would J~i.ke a li.st .from tSr. Voto <br />of acL•9.on atenls 'co be pJ.aced on the next Counci.l agend~ <br />P1re Voto reportecl tha9: the Ci~y ha~ received a lot of <br />donations Lor ~:he ~1rks in 193E~. TYae City ~~~oulc~ not kzave <br />been able to purchase the ~ar.ics without these clon~Lions, <br />~4zo Voto statec~ tlzat since the Cit~ hns acquirecl pari:>, <br />there ~aill be mainten~nce costs on them ~ehich will. l~ave ~o <br />k~e worked into ct~e general funci budc~et, <br />TIr, Voto re~~orted on funding sources for. the proposecl Li.re <br />ha]_7.. TTr, F~hey i.ndaca~ed that he L-eels reluctant k~asinc~ <br />V~l~e Ci~y°s ruture ability f~o ~>ay for ~ Lire kaalJ.v ~tracier a <br />tax 7.ease bas3s, u~on projected money comi[lg an irom b9_nc~o. <br />P~1r, Fahey ~f~a~ec7 that ~he City will no~: build a iire hall <br />unti.7. the rnoney is in hanci sehi.cki could take up to three <br />years, The only other ~iay ~:o get tYte ~`.ire kla.J.1. buili: vrou:lcl <br />be through a re£er.ene3urne [~Ir. E'ahey i.ncli.cated tkxat 'clae Ci~y <br />cou'lci prob~bl~ ~?urcha.>e the land for_ the fire laall, but Ll~e <br />fire laal l itself ~aould not be buil'c un~ il tt~e City has the <br />P1c)E? i <br />