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<br />Mayor LeTourneau stated that he hears the comments of Ms. Palmer and acknowledged that the <br />Council continues to have discussions on those topics in order to determine the right mix. <br /> <br />Ms. Palmer commented that perhaps the City could share information related to growth with <br />residents. <br /> <br />Finance Director Lund commented that the capital expenditures, such as equipment purchases, are <br />not funded through the general levy. <br /> <br />Ms. Palmer stated that she would be interested to know what happens with equipment that is <br />replaced, whether it is sold and how those funds are used. <br /> <br />Mayor LeTourneau commented that staff attempts to reclaim what can be reclaimed on the <br />equipment that has been replaced and/or trade in that equipment or sell it. <br /> <br />Motion by Councilmember Kuzma, seconded by Councilmember Menth, to close the public <br />hearing. <br /> <br />Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Kuzma, Menth, Musgrove, <br />Riley, and Specht. Voting No: None. <br /> <br />The public hearing was closed at 7:59 p.m. <br /> <br />Council Business <br /> <br />Mayor LeTourneau asked whether the motion could be taken in one action or needs to be separate <br />motions. <br /> <br />Finance Director Lund confirmed that the actions could be completed in one motion. <br /> <br />Councilmember Riley commented that the preliminary levy was proposed at an increase of five <br />percent and since that time staff and the Council worked to lower that increase to four percent. <br /> <br />thst <br />Councilmember Musgrove received the fund balances dated September 30 and October 31, <br />referencing the balance in the pavement management fund. She asked how much of that funding <br />has been used this year and whether it would carry forward to the next cycle for use or could be <br />used to offset the levy. <br /> <br />Finance Director Lund stated that when the franchise fee was established the balance in the <br />pavement management account was used to determine the necessary funding that would be needed <br />through the franchise fee. She confirmed that the funds are slated to be used in a future road <br />improvement project. She explained that is a restricted fund that can only be used for pavement <br />management. She stated that only the crackseal funds will remain in the general fund budget. <br /> <br />City Council / December 8, 2020 <br />Page 8 of 17 <br /> <br />