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Agency OKs up to $50,000 in urban renewal funds for Oak Street Commons consultants
Summary
The body approved using urban renewal funds, capped at $50,000, to pay consultant and environmental fees associated with Oak Street Commons; staff said amounts above that cap would return for review or be addressed in the budget.
Staff from Community Development recommended using urban renewal funds to cover consultant and environmental fees related to Oak Street Commons and proposed a $50,000 cap on those expenditures. "We are looking at taking that funding to pay for some of the consultant fees... applying a $50,000 limit," Christy Gilbert said.
A member asked whether the $50,000 cap was intended to be an annual limit or a one-time cap; staff replied it could be brought back each fiscal year or included in the budget process and that any expenditures above the cap would be reviewed by the body. A motion to approve the use of urban renewal funds for consultant fees, feasibility studies, and environmental contracts subject to the $50,000 limit was moved, seconded, and approved.
