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Committee delays decision to use surplus funds for three Homestead Corridor parcels
Summary
Committee postponed a resolution authorizing use of city surplus funds to purchase 255 Garden Street and 51 and 101 Homestead Avenue after members sought clarity on reimbursement timing and surplus accounting for Board of Education funding.
The Planning, Economic Development and Housing Committee on Monday postponed action on a resolution that would let the mayor use surplus city funds to acquire three parcels — 255 Garden Street and 51 and 101 Homestead Avenue — pending further information about the timing and treatment of a $1.6 million state grant.
Wayne Diaz, development services staff, said the state awarded $1.6 million through the Department of Community Development (DECD) for acquisition of the parcels to support a…
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