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Finance Director Lund explained how the bonding is done, which is levied over 20 years. <br /> <br />Councilmember Riley stated that if the road funding were fully funded by the City, that would <br />need to be added to the levy fully. <br /> <br />Mayor LeTourneau clarified that if the road financing were fully added to the levy that would be <br />a significant increase to the levy. He noted that additional discussion on road financing can occur <br />at the regular Council meeting tonight as that item is on the agenda. <br /> <br />2.02: Review CARES Act Funding Allocations <br /> <br />City Administrator Ulrich reviewed the staff report. <br /> <br />Finance Director Lund provided clarification on the eligible City expenses in terms of public safety <br />staffing. <br /> <br />Councilmember Riley requested that the City is able to track how the funds are spent and where <br />funds have been saved. He stated that he will listen and provide the Council direction to the EDA. <br /> <br />Councilmember Musgrove stated that she would want to ensure that the businesses that could <br />receive assistance have not received assistance through another program already. <br /> <br />City Administrator Ulrich asked if there are guidelines that state that the funds cannot be doubled <br />up with PPP funds. <br /> <br />Deputy City Administrator Gladhill stated that there are strict parameters for businesses and <br />guidance has been provided through the U.S. Treasury. He stated that additional follow up and <br />documentation will need to occur to ensure that a business is eligible. He noted that some <br />communities are offering 10 percent of their funds to businesses, while some are choosing to offer <br />more or less. He stated that if a business has received funds through the County or DEED, they <br />would not be eligible for these funds. <br /> <br />Finance Director Lund stated that the City would be subject to State law and provided additional <br />details. <br /> <br />Mayor LeTourneau clarified that the Council will have access to the line items and how these <br />funds are spent moving forward. <br /> <br />3. TOPICS FOR FUTURE DISCUSSION <br /> <br />3.01: Review Future Topics/ Calendar <br /> <br />Councilmember Riley requested that a COVID update be provided on City staffing and how the <br />City is being affected. <br /> <br />City Council Work Session / July 14, 2020 <br />Page 6 of 7 <br /> <br />