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Teresa Bender <br />From:Bruce DeJong <br />Sent:Wednesday, January 3, 2024 11:10 AM <br />To:Mark Statz <br />Cc:Teresa Bender <br />Subject:RE: Update on Interfund Loan Sewer to Park Ded Fund <br />Hi Mark, <br /> <br />The Park DedicaƚƓ CǒƓķ Α ЍЉЋ ĭǒƩƩĻƓƷƌǤ ŷğƭ ğ ĭğƭŷ ĬğƌğƓĭĻ ƚŅ υЍЊЏͲЍЏЋ͵ЎЌ͵ ŷĻƩĻ Ǟźƌƌ ĬĻ ƭƚƒĻ ğķķźonal interest <br />earnings posted for December and the accrual entries so it might be closer to $417,000. The amount owed on the <br />źƓƷĻƩŅǒƓķ ƌƚğƓ ŅƩƚƒ ƷŷĻ {ĻǞĻƩ CǒƓķ Α ЏЉЋ źƭ υБЎЎͲЊЋЏ͵ББ͵ bƚ źƓƷĻƩĻƭƷ ğĭĭƩǒĻƭ ƚƓ Ʒŷźƭ ƌƚğƓ ķǒĻ Ʒƚ ĭƚǒƓĭźƌ ğĭon a <br />couple of years ago. <br /> <br />L ķƚƓ͸Ʒ ƩĻğƌƌǤ ŷğǝĻ ğ ƭƷƩƚƓŭ Ĭğƭźƭ ŅƚƩ ğ ƩĻĭƚƒƒĻƓķğon regarding how much should be in the fund at this <br />ƒĻ͵ 5ĻƦĻƓķźƓŭ ƚƓ ƷŷĻ /źƷǤ /ƚǒƓĭźƌ͸ƭ ķĻƭźƩĻƭͲ ƷŷĻƩĻ ĭƚǒƌķ ĬĻ ğ ĭğƭĻ ƒğķĻ ŅƚƩ ğƦƦƌǤźƓŭ ğƌƌ ƷŷĻ ĭğƭŷ ğŭğźƓƭƷ ƷŷĻ ƌƚğƓ ƚƩ <br />forgiving the loan completely and leaving all the cash in the Park Dedicaon Fund. <br /> <br />Bruce <br /> <br />From: Mark Statz <MStatz@centervillemn.com> <br />Sent: Wednesday, January 3, 2024 9:55 AM <br />To: Bruce DeJong <BDeJong@centervillemn.com> <br />Cc: Teresa Bender <TBender@centervillemn.com> <br />Subject: Update on Interfund Loan Sewer to Park Ded Fund <br /> <br />Bruce, <br /> <br />I was set to give a CIP presentaon to the Parks Commiee tonight. But, due to my illness, I will be giving that <br />presentaon in February, instead. It would be good to have a clear picture of the Park Dedicaon Fund and the current <br />balance of the interfund loan between the PDF and the Sewer Fund, in me for the packet for that meeng (packet <br />deadline 1/31 for 2/7 meeng). Also, it might be good to formulate a sta recommendaon for how much to keep in <br />the PDF and how much to pay down the sewer debt, and when to make that transacon. <br /> <br /> <br />Thanks. <br />1 <br /> <br />