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City manager outlines FY26 budget amendment, says developer will remit $250,000 before occupancy
Summary
City Manager Newkirk told the Highland Park council that a FY2026 budget amendment will carry over unspent bond proceeds and that developer Scott Cannell is expected to remit $250,000 to the city before a certificate of occupancy is issued for a dermatologist tenant.
City Manager Newkirk told the council the administration will present an amendment to the fiscal-year 2026 budget to carry over unspent bond proceeds and other items into the current fiscal year as part of the normal spring housekeeping process.
"The majority of the change in the budget amendment that's before you this evening as it pertains to bond proceeds that we did not receive," Newkirk said, describing the amendment as…
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