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Revitalization Commission <br />Minutes <br />April 15, 2020 <br />Page 6 of 7 <br />Council member Lipton made a substitute motion: The LRC agrees to fund <br />grant program with $100,000 with $50,000 in reserve for a subsequent round of <br />funding that can be released at the request of Council or staff based on demand <br />exhibited and decided at the next meeting. Council member Bradfield seconded <br />the motion. <br /> <br />Commissioner Adler asked if the reserved $50,000 is just for grants or other <br />programs. Council member Lipton said the reserved amount can go toward the <br />grant program but if we don’t use it we have it for other programs. Director <br />Pierce said staff would bring updates about applications received. Council <br />member Lipton said it could turn out that Council allocates more grant money, <br />LRC is not a last resort. <br /> <br />Commissioner Adler asked if the LRC needs to look at ending fund balance and <br />discuss. She is wary of committing money to other things in the work plan. <br />Director Pierce will come back in May with fund balance before the LRC makes <br />any other spending decisions in terms of planning and spending. Director <br />Pierce said the LRC will take a fresh look at the work plan and collaborate with <br />Finance Director Watson about projections, given previous commitments. <br /> <br />Commissioner Bradfield asked if Commissioners are saying we want to revise <br />budget first. Or vote on motion? Council member Lipton said the LRC should <br />vote on the motion then, for any further funding, look at budget. <br /> <br />Commissioner Adler said she is in favor of motion. Is $50,000 reserved limiting <br />at all? Should we consider $75,000 or $100,000? <br /> <br />Commissioner Tofte said the flow of information is unsure, he would like to vote <br />on motion now. <br /> <br />Commissioner Gorsevski said this is fast moving, supports vote on motion. He <br />suggested perhaps meeting in two weeks’ time and not wait for a month. <br /> <br />Commissioners Tofte and Adler agreed that meeting in two weeks would be <br />helpful. <br /> <br />Director Pierce took a roll call vote: <br /> <br />Council member Lipton – yes <br />Chair Fisher - no <br />Commissioner Adler – yes <br />Commissioner Bradfield – yes <br />Commissioner Gambale – yes <br />Commissioner Gorsevski – yes <br />Commissioner Tofte – yes <br />Motion passes