File #: ORD 25-017    Version: Name: Ord 25-017 Capital Street Budget Amendment
Type: Ordinance Status: Second Reading
File created: 5/16/2025 In control: City Council
On agenda: 6/10/2025 Final action:
Title: Second Reading and Action on Ordinance 25-017, an Ordinance Authorizing Budget Amendment No. 3 to the 2025 Budget.
Attachments: 1. Memo, 2. Ordinance

Title

Second Reading and Action on Ordinance 25-017, an Ordinance Authorizing Budget Amendment No. 3 to the 2025 Budget.

 

Body

Summary and Recommended Action:

Staff recommends approval of this budget amendment to support infrastructure improvements on Capital Street.  The amendment includes a $200,000 transfer from General Fund economic development reserves to the Marketplace Capital Project Fund for a sewer line extension, and authorizes the transfer of $260,000 in 2nd Penny Sales Tax / Capital Improvement Plan Fund reserves to the Marketplace Capital Project Fund for paving and street improvements.  These enhancements will support ongoing economic development efforts and prepare the area for future private investment.

 

Body2

Attachments:

Memo

Ordinance