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The amount remaining in the Improvement Bond Fund was $87, 633 . This amount <br /> was deposited into the account, Retained Earnings . Staff is requesting <br /> Council authorize a transfer from account # 700-3890, Appropriation of <br /> Retained Earnings for $7, 343 to 700-4123-705 Water Infrastructure program <br /> to balance the building revisions, $7, 014 to account # 700-4123-703 to <br /> balance the additional new capital improvements to the water plants, and <br /> $20, 126 to account # 700-4123-703 for the replacement of the motor <br /> starters. Since the July 10, 1995 Council work session, staff has received <br /> the final payment request for the tuckpointing of the well houses . That <br /> amount is $2 , 500, and will be coded to account # 700-4123-705, therefore <br /> the total amount needed for that account is $9, 843 . Total amount <br /> transferred is $37, 014 . <br /> Staff recommends award to replace the well motor starters to the low <br /> bidder, Bacon Electric in the amount of $20, 126 , to be funded from <br /> account # 700-4123-703 , with a transfer of that amount from account # 700- <br /> 3890 to 700-4123-703 , and $16, 888 transferred from_account # 700-3$9_0 to <br /> the aforementioned accounts . <br /> Should Council have any questions or concerns prior to the meeting that <br /> staff can address, please feel free to call me . <br />