February 14, 2006

DOT Grant

I just reread the January minutes--by September, 2006 we will have spent 304,000 of the DOT grant monies. I would like a complete break-down as to how the 304,000 has been spent. That is alot of monies. If we only expect to make 15,000-20,000 on parking revenues in the first year, would it not make sense to have used some of the $304,000 to subsidize "FREE PARKING."

We need to see the monthly reports from LAZ to see what kind of net revenues are being collected. Also check out Charley, he is on a roll http://www.closeorh.blogspot.com

1 comment:

Bill Randell said...

Steve:

Think I found where the money has been spent.

We know the IMG report costs $100,000.. Read page 5 of the March, 2005 board minutes. We paid IMG $53,000 to have them prepare six presentations, although I have never had that confirmed. Again it would be nice to see the qtrly report to the DOT.

If this is correct then more then half (153,000) of the $304,000 that will be spent by September, 2006 will have gone to IMG.