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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />October 14, 2020 <br />Economic Development Authority <br />VII.8 <br />TITLE OF ISSUE: <br />Economic Development Authority - Request for remaining budget <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />At their September meeting the Economic Development Authority (EDA) passed a motion requesting a transfer <br />of the remaining 2020 budgeted funds ($12,800). The budgeted transfer from the general fund to the EDA was <br />$22,800. To date, the Council has only authorized $10,000. <br /> <br />COST AND SOURCE(S) OF FUNDING: <br />Budgeted Expense - $12,800 - General Fund <br />REQUESTED COUNCIL ACTION: <br />Motion to approve a transfer of $12,800 to the city's Economic Development Authority for their remaining <br />budgeted funds. <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br /> _____ <br />_____ <br />Other (specify) ____________ <br /> _____ _____ Love <br /> _____ _____ <br />_______________________________________________________________ <br /> _____ _____ Koski <br /> _____ _____ Montain _______________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />