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Board directs use of ARPA interest and surplus to close gap on Honey Creek Nature Area; policy target raised to 40%
Summary
Trustees directed staff to use ARPA interest earnings and review projected surplus to help fill a roughly $209,000 funding gap for the Honey Creek Nature Area project, and asked staff to update the fund‑balance policy to target 40% rather than 35%.
Village staff presented funding options for the Honey Creek Nature Area project, reporting a total project cost of $817,832.50 and a stewardship grant award of up to $458,300 that requires a 50% local match. The village had previously reserved $200,000 for the project, leaving an estimated shortfall of approximately $208,916.
Eileen (staf…
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