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Regular City Council Meeting Monday, September 17, 2018 Page 12 keeping that in the levy going forward, presuming the City gets the State Bonding money for the Oval funds. If the levy is kept at the $355,000 going forward, that fund balance starts to get pretty high. It appears that if the City maintains the $355,000 in place through 2024, the City will get through the hump of the funding and then the City could take that off the funding of the facilities. He recommend- ed the City look at doing that after six years. The Commission agreed. Commissioner Bachhuber stated the Commission saw that as a potential but is something to be considered once the funding is secured. Mayor Roe stated the reason he was suggesting looking at that, is because instead of having a number of levy increases over a number of years for the Pavement Management Fund, if in 2025 the City repurposed the $355,000 going forward for the pavement fund, it accomplishes the same thing as a number of smaller levy increases over a number of different years which seems like fewer steps needed. This addresses everything the Commission is addressing that needs to be done. Commissioner Harold indicated the Commission was aware of doing things like what Mayor Roe suggested. The recommendation shows in 2029, the City would be pulling money out of this fund. The City is planning for a large expenditure for the OVAL, but he imagined the Commission would be on board with that suggestion. Councilmember McGehee stated she was glad the Commission was open to it but since that would be a big chunk somewhere down the line, she would not be op- posed to doing some small steps to be sure it is on there. Her concern is if there was something catastrophic to happen before the six years, then the City would be in a worse situation if some steps were not taken. Councilmember Etten stated the discussion around the Facilities Program is a lit- tle hypothetical now and in 2020, the City may know. The next bonding legisla- tive session will end in May 2020, so the City will have some clarity by then at which point a Council will decide if the City needs to do $50,000 per year for several years as the Commission recommends or $355,000 all at once as the Mayor recommends. There will be a chance to look at this again before then. Mayor Roe thanked the Commission for their work. As an organization, the City had planned in 2018 Budget and Capital Improvement discussion to do a two-year implementation of funding for the Parks CIP fund and it appears after doing year one, the City does not need to do year two. He thought that was a nice thing to see.