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CRA moves $2.75 million from reserves to cover policing, tenant improvements and historic‑preservation work
Summary
The CRA approved Resolution 25‑23F to transfer $2,748,601 from reserves for future projects to cover administrative increases including police wages, arbitrage rebate and grants and to fund tenant improvements and an initial payment for the Hibiscus House preservation project.
The Community Redevelopment Agency approved a mid‑year budget adjustment to transfer $2,748,601 from reserves for future projects to meet identified funding needs for current initiatives.
Jade Green, deputy director with the CRA, presented Resolution 25‑23F and outlined recommended transfers from two funds. For Fund 105 staff proposed a total transfer of $2,290,000 from reserves to cover administrative increases including an innovative…
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