Special Bd. of Aldermen — 11/26/2018 Page 4
Mayor Donchess
We are both available for questions if anybody has any at this time or later on or whatever you want to do.
Alderman Dowd
Does anybody on the Board have questions of the Mayor?
Alderwoman Melizzi-Golja
| do have questions but since this is the Public Hearing | will hold mine for the Committee Meeting, thank you.
Mayor Donchess
And | will be glad to stay around for that.
Alderman Jette
If it is appropriate to ask a question, how much money are you talking about to design; how much do you need
to design?
Mayor Donchess
We think it is about $1 million dollars, usually it is 10% of the project costs so we are projecting $1 million or a
little bit more. They are telling us $1 million dollars and we would sign a contract that would fix the price.
There is a little difference between the architects, but $1 million dollars is the ballpark.
Alderman Jette
Why aren’t you just asking for authorization to borrow $1 million dollars to design the project. Why are you
tying it up into the Resolution that was already passed that had this condition about the $4 million dollars
before you borrow any more money?
Mayor Donchess
Well because the Resolution has passed and we’ve discussed all this bond counsel; the Resolution that
passed says we can’t spend any more of the money that the Board of Aldermen authorized that money be
borrowed up to $15 million but said in the original resolution that only $2 million dollars could be spent period
until at least $4 million dollars is obtained. It turns out that in order to get $4 million or $6 million we have to
have a design project; so we have this chicken and egg issue. We can get $6.5 million dollars we think if we
have a design project, but we need to spend money now, now to design the project in order to obtain those
funds and right now as passed the Resolution doesn’t authorize the expenditure for any money for design.
Alderman Jette
But couldn’t you have a Resolution that was specifically aimed at the $1 million that you need for design and
not tie it into the current Resolution which requires the $4 million to be raised?
Mayor Donchess
We could only seek that change but it seemed like we were here when | discussed this with Brian before, it just
seems to us at least, pretty clear that we can bring in more than $4 million dollars, that is probably makes the
