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FINANCIAL/FISCAL IMPACT: <br />In 2002 the City was awarded a $50,000 grant for the use of historically preserving and improving <br />the Carnegie Library. To date $20,063 of these funds have been expended, thus the remaining <br />funds total $29,937. These funds were budgeted in account 215-7000-7007-3890, however when <br />the proposed roofing improvements were completed at the close of the 2004 fiscal year the <br />expenditure account was closed. The remaining funding made available by the grant would be an <br />appropriate funding source to finance the installation of the proposed benches; the remaining grant <br />funds of $29,937 will be budgeted in account 457-6800-6842-3890 as was initially intended per <br />resolution 102-02. Staff anticipates expending the remaining funds available after the purchase of <br />the benches to install new windows at the Carnegie Library. <br />RECOMMENDATION: <br />Staff recommends the approval of a resolution authorizing: <br />• The appropriation of remaining grant funds to be used for the Colton Museum Restoration <br />Project in the amount of $29,937. <br />• The purchase of park benches for an amount not to exceed $5,000.00. <br />• The addition of the Colton Museum Restoration Project to the CIP for fiscal year <br />2005/2006. <br />Attachment: <br />Resolution <br />Amanda Rhinehart — Public Works <br />REVIEW TEAM ONLY <br />City Attorney: M . 1M WibAvg 16� Finance Director: `U <br />City Manager: - C�G,�, OTHER: <br />