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Council approves $1.6 million reallocation to Clark Street parking garage repairs
Summary
Warren City Council voted to allocate $1,600,000 in loan proceeds to a reduced-scope rehabilitation of the Clark Street parking garage after losing a $2 million RCAP match; the project will combine grant awards and loan funds for roughly a $3 million budget and is expected to require phased closures.
Warren City Council on the evening it met approved a staff recommendation to allocate $1,600,000 of previously authorized loan proceeds to rehabilitate the Clark Street parking garage.
The action follows notice in March from the Office of the Budget that the city’s requested reallocation of RCAP funds would not be approved, city staff said. With that funding unavailable, staff recommended a reduced project scope that pairs $1,300,000 in grant awards with $1,600,000 of loan proceeds to create an approximate $3,000,000 construction budget.
City staff member Holt outlined the loan history for the council: in January 2022 the council authorized a $3,600,000 loan, of which $785,000 was used to retire prior debts and roughly $2,800,000 was held for the garage project. In November 2022 the council designated $250,000 of the loan…
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