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AGENDA ITEM #7.4. <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: September 6, 2005 <br /> Subject: Downtown Plan Funding <br /> Report: At the August Council meeting the Council <br /> questioned how the downtown plan was to be funded. <br /> The funding scenario is listed below: <br /> Total Plan Cost - $131500 <br /> $4,750 — Sibley Lake Plan (budgeted amount) <br /> $3,500 — Downtown Plan (budgeted amount) <br /> $1,000 — Planning and Zoning Budget <br /> $19250 — (Park budget or Council Contingency) <br /> $3,000 — 2006 budget <br /> $13,500 <br /> The Council must decide where the $1,250 will come from <br /> (parks or council contingency). <br /> Council Action Requested: <br /> Council motion to fund the downtown project as stated <br /> above. <br />