07-11-16 Personnel and Finance - Laserfiche WebLink

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Therese Dorau, Director of Sustainability on the 13th Floor of the County City Building, the City interviewed two (2) of the nationally premier bicycle consulting firms, Tool Design Group as well as Ultra Bicycles. They gave us formal proposals based on our budget for a feasibility study and implementation strategies. We selected Tool Design Group, so as soon as the money is available and the agreement has gone through the Board of Public Works will be able to start work on the project. The goal is to have a solid implementation plan so we can work with MACOG on possible funding for the implementation of the bike share program without having to go through their three (3) year funding process. Bill No. 34 -16 — June Civil City Funds Mr. Murphy explained that this is the additional appropriation for the Civil City Funds. The first is a transfer of petty cash from one fund to another. The second is a special distribution of $2,400,000 of LOIT Funds. It has been deposited into a separate new fund for the City, because that is what was required. It can only be used for road -type projects. We'd like to appropriate $850,000 to the Corby Ironwood Roundabout and Safe Routes to Schools. We take money into the operating parts account, Fund ( #201), and we transfer it to the Capital Fund. We didn't make the transfer at the end of last year, so Ron and his team would like to transfer money into the Capital Fund to use the $114,762 for capital expenditures. The final one is a reimbursement in Major Moves. Major Moves made some payments on Smart Streets before the bonds started. We are just reimbursing Major Moves and doing the appropriation. Councilmember Dr. Varner asked what the annual payment is for the Triangle Project and if the City is up to date on the payments. Mr. Murphy answered that the annual payment is several hundred thousand dollars to Major Moves from the Triangle TIF Fund, and the payments are up to date. There is also one (1) from Eddy Street Commons, and one (1) from the Triangle, and there are two (2) loan amortization schedules. Councilmember Dr. Varner asked what account the special disbursement from the state is going to, and if that fund has been created. Mr. Murphy stated that the state mandated the fund number we were to use, and we created Fund ( #257) to use. Councilmember Davis asked if the Council will be able to weigh in on the use of that appropriation. Mr. Murphy said absolutely, it is a budgeted fund, and that is what the Council is doing right now. Councilmember Davis asked if it is being designated to Corby, and Mr. Murphy stated that is the request. The fund will be part of the regularly budgeted funds. 3