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. f <br /> COMMUNITY DEVELOPMENT MEMORANDUM <br /> October 25, 1999 <br /> TO: Honorable Mayor Terry M. Howley and City Council Members <br /> FROM: Steve Garm i y Manager Q_ <br /> Cecil A. Collins, r., Director of Community Development�G�v <br /> Paul McChancy Mass Transit AdministratorFM� <br /> RE: Draw Down Mass Transit Operating Funds �� <br /> Upon City Council approval, the attached resolution will authorize staff to request the draw ' <br /> down of State funds allocated under the annual mass transit operating grant, #OP-00-08-IL. <br /> Funds will be requested for the actual expenses incurred in the period of July 1 through , <br /> September 30, 1999, and for the operating expenses expected in the period of October 1 through <br /> December 31, 1999. The requested payment of$709,857.56 would represent the state's share <br /> (53%) of the Transit System's operating expenses. <br />