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Council receives update on McCroskey CID expenditures; company says spending complies with state statute
Summary
Staff reported back that the McCroskey CID has about $45,000 remaining of an allowable $500,000 and that recent budget items included reimbursement for right-in/right-out work and maintenance and repairs on a lot; the CID’s representative said expenses conform to state statute.
City staff reported to council that, at council’s request, staff had contacted the company that represents the McCroskey Community Improvement District about the CID’s budget. The company told staff the CID had an allowable amount of up to $500,000 and about $45,000 remained under that cap.
Staff said expenditures included reimbursement for right-in/right-out work on McCroskey Street and roughly $110,000 for maintenance and repairs to a parking lot. The company representative assured staff that expenses conform to applicable state statute and offered to provide more detail if council members wanted it.
Councilmembers discussed needing the signed contract and staff said they were still working on obtaining the signed documents; no vote or formal action on the CID budget was recorded in the transcript excerpt.
