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Finance committee approves Option 2 to advance Noah's Ark design using Elevate cash; reimbursement resolution to follow
Summary
The finance committee voted to pursue Option 2 for early funding of Noah's Ark projects, allowing the city to use Elevate cash for planning and design now and to reimburse those expenses later with a bond issuance.
The Tuscaloosa City finance committee voted to proceed with Option 2 to fund initial work on the Noah's Ark drainage and infrastructure projects, directing staff to return a reimbursement resolution to the committee so the city can use available Elevate funds now and reimburse those expenditures from a future bond issuance.
Carly, the staff presenter, described a two-phase approach the mayor had proposed: roughly…
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