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<br />. <br />. Memorandum, August 17, 1998 Worksession, Budget Discussions <br /> Page Two <br /> August 17,1998 <br /> If Council is supportive ofthis level of TCAAP planning activity, a revenue source must <br /> be found to fund the planned expenditures. Of note is the fact that the majority of the <br /> outside consultant fees ($300,000) specifically relate to Phase II planning. A possible <br /> revenue source for this activity may be a federal EDA reimbursement grant. <br /> C. 1998 Budget Modifications <br /> 1. Unbudgeted costs for the 4364 Round Lake Road facility are expected to total <br /> approximately $55,000. <br /> 2. Unbudgeted demolition costs related to blighted homes are expected to total <br /> $35,000 in 1998. <br /> 3. The budgeted $48,000 expenditure in the Street Maintenance Department for the <br /> Cleveland A venue railroad bridge will not occur. <br /> 4. Only a fraction ($40,000) of the budgeted $1,500,00 expenditures for new City <br /> Hall construction and Maintenance Garage planning will occur in 1998. The <br />. budgeted Operating Transfers from the Cable TV Fund ($150,000) and the <br /> Advance Refunding Bond Fund ($900,000) will also not occur in 1998. <br /> 5. See the discussion above for up to $90,000 in unbudgeted TCAAP expenditures. <br /> Staff recommends that Council consider modifying the 1998 budget for the situations outlined <br /> above. <br />. <br />