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Council asked to create environmental resilience reserve and allocate $3.3M to pump station plan from $9.3M foreclosure proceeds
Summary
Village staff asked the council to establish a new Environmental Resilience and Open Space committed reserve funded from $9.3 million in foreclosure proceeds and to appropriate $3.3 million to a multi‑year pump station improvement plan.
Village staff asked the council to establish a new committed reserve for environmental resilience and open space and to appropriate roughly $9,300,000 in proceeds received from a Wellington v. Palm Beach Polo foreclosure case.
During the workshop presentation staff said the long‑range financial plan recommended placing $6,000,000 into a new reserve dedicated to environmental resilience and open space projects and directing $3,300,000 to the Acme Improvement District stormwater pump…
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