Minutes 09/10/1996 - Laserfiche WebLink

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232 TUESDAY, SEPTEMBER 10, 1996 intersection would begin in 1997. Mr. Reynolds said the only way to accelerate the improvements would be for the State to provide funding for the project earlier than planned. In response to a question from Mayor Adams, Mr. Reynolds said the local funds for development of the Business Park were not included in the FY 96-97 budget because the amount of local funds needed was unknown at the time of budget preparation. Mayor Adams noted the total project cost was approximately $1.9 million, of which the City's net lowest possible cost would be approximately 8133,000. Council Member Haskell expressed concern that no overall capital expenditure program had been adopted by Council. Mr. Reynolds said Council had established criteria for capital projects at its Annual Retreat. The criteria for funding would be projects that either generated revenue or reduced operating costs. Upon motion, duly seconded and by unanimous vote, Council appropriated $186,250 from the Electric Fund unexpended fund balance to the General Fund Engineering and Design Account under Miscellaneous Development Expenses to fund the engineering and design work. Council acknowledged a financial report for the month ending July 31, 1996. Mr. Fitts responded to questions from Council Members regarding specific report items. In matters not on the agenda, the following items were discussed: (1) several Council Members expressed appreciation to the City staff for their work in responding to the aftermath of Hurricane Fran, which struck the area September 5-6, 1996; (2) Mr. Reynolds reviewed the City's response to the Hurricane, noting that some employees had worked for 30 hours in restoring electricity, removing downed trees, and removing other debris; Mr. Reynolds noted the assistance of private