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Council receives introduction to amend Fund 266 rules to allow grants to separate taxing districts
Summary
City staff introduced an ordinance to amend rules governing Fund 266 (capital projects) so that the fund can grant money to separate taxing districts, enabling transfers from Fund 266 to the redevelopment capital fund ahead of planned redevelopment projects; the ordinance will return for action later this month.
Janelle Fairman, director of economic development, introduced an amendment to the city's ordinance governing Fund 266 (capital projects) to permit granting money from Fund 266 to separate taxing districts. Fairman said Fund 266 was established earlier in 2025 and a portion is…
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