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Council advances $3.176 million from general fund to cover interim parks and water-tower costs
Summary
Milford council approved an ordinance advancing $250,000 to the Parks and Recreation Fund and $2,926,400 to the Water Tower Improvement Fund to provide interim financing while the city awaits grant reimbursements, city manager said the advances will be repaid when reimbursements are received.
Milford City Council on April 15 adopted an ordinance amending city appropriation ordinances to advance funds from the general fund to two capital funds while the city awaits grant reimbursements.
City Manager Benjamin Gunderson asked council to advance $250,000 from the general fund to the Parks and Recreation Fund (204) and $2,926,400 to the Water Tower Improvement Fund (515) to…
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