ORDER-2016-167 : Reauthorization of the Beebe Estate Revolving Account # 2750 for FY2017

Transcript (~2 min @ 42:24)

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▶ 42:02 Peter D. Mortimer: all the work you do a budget i think i appreciate it if there's no more further discussion on the item i'd make a motion to move the bottom line second alderman forbes has made a motion to move the bottom line duly seconded by Alderman Medeiros is there any further discussion at this time I've seen none all in favor of recommending this budget to the full board please say aye any opposed hearing none this budget will be recommended to the full board for passage thank you very much for your volunteer service to our community mrs. Gorman I think I think Alderman Medeiros has aptly and intelligently noticed that there is a revolving fund yes like to

▶ 42:38 Monica C. Medeiros: move to take that order out of order is order number 2016 dash 167 second the

▶ 42:45 Peter D. Mortimer: motion alderman Inferno has made a motion to take the revolving fund for the BB estate out of order said motion duly seconded by alderman Forbes all in favor please say aye any opposed hearing none that order will be taken out of order would you like to say anything about the revolving fund we'd like to

▶ 43:04 Speaker 5: keep it at the same amount this year we don't know where our costs are coming from and going to so we'd like to keep the amount that's there now thank you

▶ 43:14 Peter D. Mortimer: very much mrs. Gorman Alderman Medeiros please thank you just on discussion I

▶ 43:17 Monica C. Medeiros: have the memo here that mentioned that the limit on this this account is 30,000 yes it is and so this does include a lot of funds that are taken in from rentals

▶ 43:30 Speaker 5: of the we have rentals coming in we have two groups that rent in the upstairs part so that is what we use um for some of the major things for instance the balustrade a couple of years ago was really costly that's why we had to raise it to 30 000 that year so we're just sort of keeping

▶ 43:51 Monica C. Medeiros: our options open right now thank you very much thank you beautiful place thank you thank you

▶ 43:54 Peter D. Mortimer: Thank you very much, Alderman Medeiros. Is there a motion to recommend this order regarding the Beebe Estate Revolving Fund for passage? So moved. Second. Alderman Inferna has made a motion to recommend the Beebe State Revolving Account number 2750 for fiscal year 2017 for passage. Said motion was duly seconded by Alderman Inferna. Seeing no further discussion, all in favor please say aye. Aye. Any opposed? Hearing none. This revolving account order will be recommended to the full board for passage. Again, thank you for your volunteer service to our community, and have a wonderful evening.