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City staff proposes $1.1 million interest appropriation to advance seven parks projects
Summary
City staff asked the Fort Lauderdale parks board to appropriate $1.1 million in interest earned on the general obligation bond series 2022A to move seven parks projects into planning and permitting; the board heard the proposal and a motion was made to appropriate the funds.
City staff proposed appropriating $1,100,000 in interest earned on the general obligation bond Series 2022A to advance seven parks projects, telling the Fort Lauderdale parks board the money would fund planning and permitting work rather than altering existing project budgets.
Alex Palazzo, city staff, told the board the department changed the proposed funding source after previously planning to use available millings from the bond project; the revision would use interest earned on…
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