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Council approves $5 million in fund transfers, including $2.75M for engineering on Highway 411 relocation project
Summary
Gadsden City Council approved transferring $5 million from the unassigned fund balance to the general fund, including $2,746,775 to begin engineering and site work for the US Highway 411 relocation project under an 80/20 federal match.
The Gadsden City Council approved two related actions moving city reserves into capital and operating accounts to begin planned projects.
Councilman Wilson presented a transfer of $2,746,775 from the unassigned fund balance to the general fund to cover engineering and site work for the relocation of U.S. Highway 411 (referred to locally as Rainbow Drive) from I‑759 to U.S. Highway 431. Wilson said the funding represents the city’s 20% match on a federal appropriation administered…
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