Agenda Text
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Requesting the appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") Account to the Street Reconstruction & Renovation Stabilization Fund.
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Official Text
To the Honorable City Council:
I respectfully request an appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") Account to the Street Reconstruction & Renovation Stabilization Fund. The purpose of the Street Reconstruction and Resurfacing Stabilization Fund is to fund costs attributable to the reconstruction or resurfacing of public ways including the cost of pavement and sidewalks laid at the time of renovation.
The Street Reconstruction and Resurfacing Stabilization Fund is a capital reserve account.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Katjana Ballantyne, Mayor