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City of Centerville <br />Park & Recreation Committee <br />August 7, 2019 <br />resolution, until such time as there are sufficient PDS's to make both <br />principal and interest payments per the schedule. <br />• After applying the recent paid PDF's to the principal on the Sewer Fund <br />loan, leave the remaining balance in the Park Capital Project Fund to be <br />utilized for minor capital projects that may arise prior to the complete <br />repayment of the principal balance of the inter -fund loan. This should <br />leave a balance of around $53,000.00 over 10 years. The purpose of <br />leaving those funds would be to have a reasonable working balance in <br />the fund so that sensible, modest and timely additions to the park system <br />can be made without adding to the inter -fund loan amount. <br />NOTE: If capital projects arise that exceed the fund balance in the Park Capital <br />Project Fund, prior to the full repayment of the loan, the Parks and Recreation <br />Committee should simply ask the City Council to consider funding these projects <br />through the General Fund Budget. <br />Motion made by Committee member Peterson, seconded by Committee <br />Member Errickson-Grahek to request the City Council approve the above 3 <br />recommendations, plus: Request that council add in additional funds of $5,000 <br />per year. All in Favor. Motion Carried. <br />2. Movie in the Park <br />• To be scheduled for Sept 14, 2019 with a rain date of September 21, 2019. <br />• Committee Member Peterson will select and order the movie & rental of a <br />proj ector. <br />• Committee Member Waeghe will develop the flyer for this event and will need <br />assistance with advertising <br />• Marketing will be through the school systems' Friday Flash, daycare centers, <br />include with September water bill. <br />Motion made by Committee Member Waeghe, seconded by Committee Member <br />Errikson-Grahek for the committee to rent the movie & proiector and to <br />purchase popcorn, cocoa mix, etc. not to exceed $750.00. All in favor. Motion <br />Carried. <br />3. Lions Club Stage & Canopy — Donation <br />The Lions have offered to donate their stage and canopy to the city for use at future <br />events. <br />Page 3 of 5 <br />