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Finance committee approves $47,116.90 from rideshare trust for bike-path costs
Summary
The Peabody City Council Finance Committee voted 5-0 to appropriate $47,116.90 from the Rideshare Transportation Enhancement Trust to cover costs related to the city bike path.
At its meeting, the Peabody City Council Finance Committee voted 5-0 to appropriate $47,116.90 from the Rideshare Transportation Enhancement Trust to pay costs related to the city bike path.
City staff told the committee the money comes from rideshare fees collected from companies such as Uber and Lyft and is distributed to the city on an annual basis for local transportation projects. A staff member identified in the meeting as Belvance said the council was being asked to allow use of the funds for bike-path–related costs.
Councilor Gould made the motion to appropriate the funds from account number 250000035835 in the amount of $47,116.90. The roll call vote recorded Councilors Turco, Gould, Gamache, Manning Martin and McGinn voting yes; the motion passed 5 to 0.
The discussion on this item was brief: staff presented the source and intended use, and councilors did not ask follow-up questions during the recorded item. No additional directions or conditions were recorded in the meeting minutes for this appropriation.
