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Council to consider dedicating $6 million of $9.3 million settlement to environmental reserve; $3.3 million proposed for pump‑station improvements
Summary
Staff proposed establishing an Environmental Resilience and Open Space Reserve funded from $9.3 million in settlement proceeds; $6 million would seed the new reserve and $3.3 million would fund multi‑year stormwater pump station renovations for the Acme Improvement District; council moved the item to the regular agenda for fuller discussion.
Village staff presented a proposal to create a new Environmental Resilience and Open Space Reserve funded from proceeds of a $9.3 million settlement in the Wellington v. Palm Beach Polo case.
Staff (Miss Britt) told council the proposal originated from a directions workshop and the village’s long‑range financial plan and recommended appropriating $6 million into a newly created reserve compliant with Governmental Accounting Standards…
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