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Council approves transfer from Timber Ridge fund to SR‑123 debt funds
Summary
Ordinance 10‑25 was approved to move previously paid amounts from the Timber Ridge fund into State Route 123 debt funds so auditors can verify the debt has been retired; council passed the measure after a single reading.
Council approved Ordinance 10‑25, authorizing a transfer from the Timber Ridge fund to State Route 123 reconstruction funds (phases 4–7) so that previously paid debt is shown in the appropriate debt funds for audit purposes.
Councilmembers described the item as routine accounting to reflect payments already made and to reconcile fund balances for auditors. A motion to suspend the three‑reading rule and adopt by single reading passed by unanimous roll call. No new spending beyond the transfer was authorized at the meeting.
