2009-08-26 Handouts @ Mtg. - Laserfiche WebLink

Home Browse Search

3. The $2,600,000 General Obligation Improvements Bonds, Series 2007A, bond budget prepared by the City indicated $718,256 of the bond proceeds were to fund the Old Mill RoadIHanzal Development and Fairview Street Improvements projects, with the remaining $1,881,744 of bond proceeds funding the CSAH 14 Improvements project. 4. A review of the expenditures incurred through December 2008 determined that the bond proceeds funded only the three projects mentioned above and did not fund any other projects or private developments. Since the City Council accepted the projects, which included the Old Mill RoadIHanzal Development project, to be fmanced with the issuance of the $2,600,000 General Obligation Improvements Bonds, Series 2007 A, the proceeds were used for their intended purpose. Trail Grant The petitioners were concerned that a grant awarded to the City to be spent on a trail system was used towards constructing sidewalks and that the City's participation in the trail project will not be completely financed by the grant. The petitioners provided us with an article published August 19,2008, in the Quad Community Press, which mentioned the discussion of the trail grant and that the cost of the 26 trails is expected to be more than $1.7 million. Our review of the City Council meeting minutes did not note any mention of the $1.7 million figure as indicated in the newspaper article. We reviewed the City's application for federal Transportation Enhancement funds, the approved grant agreement provided to the City of Centerville, City Council meeting minutes, and had a discussion with City personnel. The following items were noted in this review. I. During 2007, the City of Centerville applied for a federal Transportation Enhancement grant, which was awarded March 3, 2008, for the purpose of tying all neighborhood trails to the Regional Trail. The City has until the end of 2010 to spend the grant funds. According to our discussion with City personnel, the City of Centerville has expended funds for this project only on engineering costs, which are not eligible to be reimbursed by the grant. Thus, no reimbursement for expenditures had been made as of December 2008. 2. The $706,500 federal grant required a $235,500 local match and is on a reimbursement basis; therefore, the City of Centerville will expend costs first and then request reimbursement of the costs. The City anticipates that the local match funds will be provided through park dedication fees. 3. The scope of the grant project includes the construction of a pedestrian/bicycle trail linkage. Page 10