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City Council approves $1.316 million transfer to water/sewer fund tied to prior property purchase and sale
Summary
Council approved a $1,316,213 transfer from the general fund to the water and sewer utility fund to reimburse the utility for the original purchase of 10851 Rollerson Ranch Road after the city later sold the property.
The City Council on May 20 approved a resolution transferring $1,316,213 from the general fund to the water and sewer utility fund to reimburse that utility fund for the original purchase of property at 10851 Rollerson Ranch Road.
Finance Director Jim Ingram explained that the city bought the Rollerson Ranch site in 2023 with the intent of constructing a wastewater treatment facility, but staff…
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