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Council approves fund transfers; discusses concrete parking lot at T-Ball field
Summary
Council approved several transfers including $143,000 from the Sewer Bond to the NPAIT Debt Service subaccount and moved matured CDs into NPAIT water and sewer subaccounts; council also reviewed a proposal for a concrete parking lot east of the T-Ball Field.
Councilman Jesse Schmidt explained recommended transfers among city accounts: move $143,000 from the Sewer Bond to the NPAIT Debt Service subaccount; transfer the Park Fund Savings Account into the NPAIT General Fund; and, at Union Bank & Trust, move funds from two matured CDs (Water Sinking Fund and Sewer Sinking Fund) to NPAIT Water and Sewer subaccounts. Council approved the fund transfers on a motion by Dan Zieg, seconded by Jesse Schmidt; roll call YES: Buck, Schmidt, Simmons, Zieg.
Separately, City Engineer Brian Schuele introduced a concept to construct a concrete parking lot on the east side of the T-Ball Field for council review. The minutes capture the proposal as a planning/engineering item but do not record final funding authorization or a construction timeline.
