Agenda Text
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Requesting the repurpose and transfer of $150,306 from the Water Transportation Public Safety Stabilization Fund to the COVID-19 Small Business Emergency Relief Fund.
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Official Text
To the Honorable City Council:
I respectfully request that you repurpose and transfer $150,306 from the Water Transportation Public Safety Stabilization Fund to the COVID-19 Small Business Emergency Relief Fund. The Water Transportation Public Safety Stabilization Fund was created in response to the Wynn Casino Surrounding Community Agreement. An annual payment of $150,000.flows to this stabilization fund for water transportation improvements to the Casino project.
This action transfers the balance of $150,306 and repurposes it for emergency small business relief. .
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor