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Councilmember Dr. Varner followed up, It looks to me that the allocation for IT will be <br /> $350,000 by the year 2020 and that is becoming a very significant portion of the budget. We <br /> should have a better understanding moving forward of how that will work. <br /> Mr. Mueller stated, We still have a lot of room to grow in terms of efficiencies and software. <br /> Councilmember Dr. Varner then stated, You also mention the $10.7 million bond issue, <br /> supported by TIF, as part of the financing plans as the proposed Parks and Trails Initiative. How <br /> long is that bond going to be? <br /> Mr. Muller replied, The expectation is a fifteen(15)year bond and I think there will be an <br /> accompanying Parks Bond that will be for fifteen (15)years also. <br /> Councilmember Dr. Varner continued, You are showing your expenditures from Fund#404 and <br /> Fund#408, which are COIT and EDIT Funds, yet those are not in our list here and are in another <br /> list. Are we still maintaining the fifty percent(50%)proposed reserve? And I believe each of <br /> them are returning about $15 million a year? <br /> Mr. Murphy replied, We receive about$8 million a year each. They are balanced for 2018 and <br /> we do meet our fifty percent(50%) reserve, with all of these proposed expenditures. <br /> Committee Chair White stated, I have a number of questions but I would like to share with you a <br /> letter from Scott Ford who was the Director of Community Investment. This letter focuses on the <br /> funding for the City Cemetery. She then handed Mr. Mueller the letter written by Scott Ford. She <br /> continued, I also think there is a misconception in the community that the City is planning to <br /> acquire homes. <br /> Mr. Mueller replied, That is correct, that is a misconception. We are not trying to acquire homes. <br /> Committee Chair White went on, In terms of Smart Streets, I do think things are going well but <br /> at certain times of the day there is a lot of traffic back-up. I don't know if there are any plans for <br /> entering and exiting the Century Center, too,but even going to work in the morning there is a lot <br /> of back-up traffic. In terms of Early Childhood Education, I would encourage the Administration <br /> to reach out to the Community Foundation. The Foundation has been working with consultants <br /> in training the providers and they have a very good report that could help support what the City <br /> would like to do so we wouldn't have to reinvent the wheel. I will email my questions to you but <br /> my only other question is about the $115,000 for the Chamber of Commerce. Is that a fee? <br /> Mr. Mueller replied, Yes, that is the City's contract with the Chamber. <br /> Committee Chair White asked, Also,what is the VA going in on Western Avenue going to look <br /> like? <br /> Mr. Mueller replied, It will be office space and a storage facility in the back. <br /> 8 <br />