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Committee okays $1 million transfer from sinking fund to apply for Cato Park pool grant amid debate over park priorities
Summary
The finance committee approved transferring $1,000,000 from the sinking fund to provide the required local match for a $1,000,000 state grant for repairs to the Cato Park pool. Council members questioned prioritization of Cato over other pools (Canal City, North Charleston); staff said Cato has deed restrictions and is the city's most-used pool.
The City of Charleston Finance Committee on Jan. 20 approved a transfer of $1,000,000 from the city's sinking fund to the federal-grants fund to satisfy the local match requirement for a $1,000,000 state grant application to repair the Cato Park swimming pool.
Mr. Michaud told the committee that the sinking fund holds about $2.3 million and that the measure (resolution 26-13) authorizes moving $1,000,000 toward the grant match to allow the city to apply. He cautioned, "There's no guarantee of…
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