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Council reviews proposed reallocation of leftover 2019 CO funds; large share eyed for new fire station
Summary
Staff proposed reallocating roughly $11.5 million of remaining 2019 certificate of obligation funds to projects including $10.9 million to a new fire station, $384,000 for an OPD secure parking fence and $100,000 for park irrigation; council expressed support pending formal vote.
City staff presented a proposed reallocation of approximately $11.5 million of remaining 2019 certificate of obligation (CO) proceeds to relieve pressure on multiple fund balances. Finance staff outlined the recommended allocations: roughly $10.9 million toward a new fire station, $384,000 for Odessa Police Department secure parking/fencing needs, $100,000 for park irrigation and $178,000 for public works road projects. The reallocation is intended to fund outstanding projects started under the 2019 CO issuance and to minimize impacts on current fund balances. Councilmembers thanked staff and signaled support to move the reallocation forward for formal council approval at a future meeting. No formal vote was taken; staff said the proposal will be brought to the council for action in the upcoming agenda cycle.
