Participants plan to use Special Fund 85 for historical restoration; longer-term investment discussed
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Summary
Staff proposed transferring money into Special Fund 85 for historical restoration and discussed a 7-year investment projection that would add about $31,000 on a $50,000 principal; the group agreed to wait until next year to make the transfer.
Participants discussed using a preexisting Special Fund 85 to hold money for historical restoration and reviewed an illustrative multi-year investment outcome. "There is a general fund, I mean, a special fund 85 where you can, transfer money to that for the historical restoration. And that way, everything is kept within that one's fund that's already set up," Speaker 2, a staff member, said. "We probably, wait till next year to, put our money on that. Is that agreeable?" Another participant described an investment illustration: "Basically, over over 7 years, with not adding nothing to it. It's a $31,000 gain on that 50,000 just to kind of realize the higher compounded muscle. So it's to me, it's a it's a good investment..." (Speaker 1, meeting participant). Participants agreed in the transcript to delay making the transfer until next year. The discussion kept the money within the designated special fund to preserve accounting separation for historical-restoration activity. No formal appropriation or transfer was recorded in the transcript; the exchange indicates intent to return with a plan next year.