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<br /> ---~ <br /> . <br /> . <br /> Minutes of Special Council/Finance Committee Meeting, September 17 <br /> Page 8 . <br /> Municipal Land and Buildin~s (p. 55, 56) Exp. -45,000 <br /> This fund has been re-established in this budget to account for expenses in <br /> purchase of the land adjoining the Public Works Building; $158,800 is levied in <br /> 1988 to cover the cost of parcel A. Motion was made by Erickson, seconded by <br /> Nesset, that this levy be reduced $45,000 in 1988. Motion carried <br /> unanimously. <br /> $100,000 is levied for paying the PIR fund back for Hamline Avenue improvement <br /> expenses. Committee briefly discussed reducing this levy. No action was <br /> taken. <br /> Swmnation <br /> McNiesh, noting that the PIR fund is expected to generate interest of $84,200 <br /> in 1987, suggested this interest be used to balance the 1988 budget to the <br /> extent that the cuts already recommended by the Finance Committee do not meet <br /> the levy limit. Committee concurred with this suggestion, and recommends this <br /> course of action be taken. <br /> Adjournment <br /> The meeting was adjourned at 12:50 a.m. <br /> Submitted by Shirley Marshall <br /> . <br /> . <br />