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Farragut increases budget for Union Road mitigation, approves purchase of stream credits for widening project
Summary
The board approved a first-reading budget amendment adding $120,000 for the Union Road stream mitigation project and later authorized purchase of 58.4 stream credits at $2,000 per credit, totaling $116,800, for the Union Road multimodal improvement.
The Town of Farragut on Sept. 11 moved forward on the Union Road multimodal improvement by approving a budget amendment on first reading and authorizing the purchase of stream mitigation credits tied to the project—s design changes. The board approved Ordinance 25-14 on first reading to amend the FY2025-26 general fund and capital investment budgets. Staff said the general fund personnel budget was increased by $90,000 (to cover the recorder position) and the capital investment program was increased by…
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