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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />December 8, 2021 <br />Finance/Administration <br />IX.4 <br />TITLE OF ISSUE: <br />Resolution #21-0XX Transferring Park Dedication Funds <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />The city has received park dedication funds as part of several developments and lot splits during 2020 and <br />2021. These funds should be transferred out of Fund 402 - Park Development into Fund 602 - Sewer to repay a <br />portion of the loan that was used to develop the trail system. The total of $147,307.50 is comprised of $87,000 <br />from 2021 building permits issued for Laramee Lane, Old Mill Court, and Norbella along with $60,307.50 <br />from 2020 building permits for Laramee Lane and Old Mill Court, the Main St. care facility, and mini-storage <br />development. <br />COST AND SOURCE(S) OF FUNDING: <br />Park dedication funds collected <br />REQUESTED COUNCIL ACTION: <br />Motion to transfer $147,307.50 from the Park Dedication Fund to the Sewer Fund as a repayment on the trail <br />loan. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />X <br />Vote Record: Aye Nay <br /> _____ <br />_____ <br />Listing of Park Dedication Proceeds <br />Other (specify) ____________ <br /> _____ _____ <br />_____ <br /> _____ <br />_______________________________________________________________ <br /> _____ _____Ki <br /> _____ ____________________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />