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Council hears proposal to cover $18,603 Hen and Sons purchase-order overage; staff offers CCI or TIF option
Summary
Staff reported Hen and Sons' purchase order is over by $18,603 and recommended covering the difference from either CCI funds (requiring an additional appropriation) or TIF funds already appropriated; council directed staff to choose funding and follow up.
Town staff told the council that a purchase order for contractor Hen and Sons — originally for approximately $56,000 and subsequently amended — is now over by $18,603. Staff recommended the council cover the difference from either the Capital Improvement (CCI) account, which would require an additional appropriation, or from Tax Increment Financing (TIF) funds, which staff said are already appropriated.
The clerk said TIF funds are already allocated and asked the council for direction. Council discussion focused on which funding source was most appropriate and whether a formal appropriation would be needed if CCI were used. Staff noted that using CCI would require an additional appropriation; using TIF would not require additional appropriation because those funds were already appropriated.
The council did not reach a recorded final, binding decision in the excerpted discussion; staff asked for direction and flagged the appropriation requirement should CCI be chosen. Council asked staff to prepare the appropriation paperwork if CCI was selected or to proceed with TIF if that was appropriate.
