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) Agenda Section: 1 1 .C <br /> REQUEST FOR COUNCIL CONSIDERATION Report Number: 95-1486C <br /> 11179Report Date: 10-5-95 <br /> STAFF REPORT Council Action: <br /> ❑ Special Order of Business <br /> October 9, 1995 CI Hearings <br /> CITY COUNCIL MEETING DATE ❑ Consent Agenda <br /> I Council Business <br /> Item Description: Consideration of Resolution No. 4828 Authorizing the Use of Silver Lake <br /> Wood Fund for Construction of Mounds View Drive <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY: <br /> Following discussion at the october 2, 1995 City Council Work Session, <br /> Staff has drafted the attached resolution for consideration by the Council. <br /> Please note that the funds to be used for this project are being taken out <br /> of the Silver Lake Woods Project Fund 649-4120-990. These funds are <br /> available for this type of work and would substitute for the use of TIF <br /> dollars. The Development Agreement for the Silver Lake Pointe Senior <br /> Housing Project only stipulates that the City will pay the costs of <br /> upgrading Mounds View Drive - the specific fund source is not mentioned. <br /> If you have any questions, please do not hesitate to give me a call. <br /> P ul Harrington, Commu ty Development Coordinator <br /> RECOMMENDATION• <br /> Adopt Resolution No.4828 approving transfer of an amount not to exceed$10,000 from the Silver Lake Woods Project <br /> Fund 649-4120-990 to General Fund 100-3961 and amend the 1995 General Fund Budget to reflect the transfer. <br />