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Committee backs land purchase using sewer development fees; $40,000 deposit deadline noted
Summary
The committee voted 3–0 to recommend resolution 25‑68, approving staff to proceed with a planned land purchase to be funded from the Sewer Development Fees Fund and noting a $40,000 deposit extension due by March 10.
The Budget and Finance Committee on March 3 voted 3–0 to favorably recommend resolution 25‑68, a land-purchase action staff said the city can afford using sewer development fees.
Mr. Allen summarized the packet and said staff recommends assuming a developer’s purchase position and paying cash from the Sewer Development Fees Fund, with the purchase rolled into Budget Amendment 3. He…
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