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Committee approves moving 2008 parks bond reappropriation to fund large neighborhood projects
Summary
The committee forwarded an ordinance to temporarily deappropriate and reappropriate roughly $17 million of 2008 Clean and Safe Neighborhood Parks Bond proceeds to cover near-term needs at several voter-approved projects, allowing the city to avoid borrowing costs while completing work on priority parks.
The Budget and Finance Committee moved to forward an ordinance that temporarily deappropriates about $17 million of proceeds from the 2008 Clean and Safe Neighborhood Parks Bond and reappropriates those funds to projects that will need funding in the coming months.
Dawn Kamalnavin of the Recreation and Parks Department told the committee the department is in…
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