02-14-1977 Council Minutes - Laserfiche WebLink

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� ORONC� COUNCIL MEETING HELD FEBRUARY 14, 1977 Page 55 I recommend the following: f COMMUNITY BLOCK GRANT 1. Delay Bederwood Park improvement until PROGRAM late fall 1977 or spring 1978. (Continued) 2. Use money allocated for Bederwood Park in the amount of $8, 450 for equipment in other approved parks for the Year III Program. 3. Orono' s share of extra funds in the amount • of $16,225. 66 will be divided between Bederwood Park and the need for additional � funds to blacktop the Bike/Hike Trail on �9illow Drive. These monies will be available after August 1, ].977. mhisprocedure allows Orono to continue with the program as originally outlined without any significant changes; otherwise, warrants that are sent to the H.U.D. people for payment are held until after August 1, 1977 because of: that' s right, "RED TAPE" . a t�tassengale moved, Van Nest seconded, to approve the City Administrator' s recommendations for the Community Block Grant Program for Year III. Motion, Ayes (4) - P1ays (0) . - Dick Benson, City Administrator, stated that the LIQUOR STORE REPORT � following is a comparison of the Net Sales, Gross Profit, Total Expense and Net Income for the years 1974, 1975, and 1976 for the Orono Liquor ! Store: 1974 1975 1976 Net Sales $341,637 $369,544 $372,562 � Gross Profits 96,094 101, 469 104,270 Total Expense 58,900 64, 813 66,876 � Net Income 37,194 36,656 37, 394 � The sales trends for the years 1974, 1975, and 1976 have shown an 8g increase in 1975 and a l� increase in 1976. Gross profits have ! realized a 5o increase in 1975 and 3� increase in 1976. The increases in expenses are 9� in 197.5 and 3� in 1976. The rate at which the expenses have increased has declined in 1976 by 6�, in 1975 it increased 9$ and only 3� in 1976. Lorraine PdcGowan, Liquor Store Dsanac�er, is to be commended for her efforts in decreasing costs �during 1976.