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Committee reviews ILA and SBO to transfer 2019 strategic funds back to Northeast PDA for public-right-of-way improvements
Summary
City staff presented an interlocal agreement and a special budget ordinance to formalize fund transfers and to move a portion of a previously allocated $1.25 million strategic fund for the Northeast PDA back to the PDA for public improvements; county match dollars will also support Wellesley project work. No committee vote was recorded.
City staff briefed the committee on two related items concerning the Northeast Public Development Authority (PDA): (1) an interlocal agreement to formalize procedures for allocating and accounting city funds to PDAs for public improvements; and (2) a special budget ordinance (SBO) to transfer previously allocated strategic…
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