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Finance Commission Minutes August 10, 2016 – Draft Minutes Page 3 of 8 of $160,000, additional levy in 2018 of $160,000, additional levy in 2019 of $120,000, and 92 additional levy of $50,000 every year after 2019. 93 94 Chair Schroeder stated Staff recommendations for the General Facilities Program were to use 95 $500,000 in TIF and assumes there will be State or other funding for the Oval and this is 96 reflected in scenario 7. 97 98 Vice Chair Rohloff stated scenario 7 shows the fund would be sustainable in the long term. 99 100 Chair Schroeder clarified the expenditures in 2018 included over $200,000 in fuel purchases and 101 $300,000 for Oval expenditures. 102 103 Vice Chair Rohloff stated scenario 7 shows all expenditures at 100% of the existing CIP not 104 90%. 105 106 Commissioner Hodder asked if the City would have to match State funds for the Oval. 107 108 Finance Director Miller stated there may be a match but historically the has not been a matching 109 component to the funding. 110 111 Commissioner Zeller stated he would support scenario 6 with all expenditures at 95% of the 112 existing CIP. 113 114 Chair Schroeder stated scenario 6 does not include the one-time $500,000 funding. She clarified 115 Commissioner Zeller was recommending a 5% reduction in spending for scenario 7. 116 117 Commissioner Harold asked if the expenditures were reduced then the levy increase proposed for 118 2019 could be reduced. 119 120 Chair Schroeder stated this amount is repurposing an existing levy and these funds could be used 121 in other areas where the City would be looking at adding a levy. 122 123 Vice Chair Rohloff clarified the levy repurpose would be for every year and reducing this 124 amount would not be significant. 125 126 It was the consensus of the Commission to recommend scenario 6 for the General Facilities 127 Program which would repurpose lax levy dollars of $335,000 in 2019, advocate a reduction of 128 5% in spending, and the addition of a one-time infusion of $500,000. 129 130 Commissioner Hodder asked to have the scenarios that the Commission recommends combined 131 into one table to show the overall picture. 132 133 Commissioner Bachhuber stated he liked scenario 9 for the Park Improvement plan but he does 134 have concerns regarding the significant dip in 2018, 2019, and 2020. He fells these projects 135 should be delayed until there are funds available to pay for them. 136