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Finance committee creates new CIP and shifts funding after discovery of underground oil tanks on Fourth Street
Summary
The committee approved creating a new capital improvement project to remove and remediate multiple buried oil tanks found in Fourth Street, approving an amendment to split the $630,000 funding between general roadways and the capital reserve to limit near-term impacts on street resurfacing.
The Annapolis Finance Committee voted to create a new capital improvement project and transfer funding to remove multiple underground oil tanks discovered in Fourth Street, approving an amendment that reduces the immediate hit to the general roadways program.
The committee approved an amended fund transfer that will move $330,000 from the city’s general roadways allocation and $300,000 from the capital reserve into a new CIP for the Fourth Street oil tank removal project. Committee members adopted the amendment and then gave the amended fund transfer a favorable recommendation.
The issue arose after public works staff began emergency road repairs and excavation for a pavement failure and found fuel tanks under the road. Allison DiMaggio, a Department of Public Works engineer, told the committee that crews discovered additional…
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