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Council OKs READI, Redwire TIF and bridge funding totaling nearly $945,321
Summary
Floyd County Council approved a $318,425 READI grant allocation, a $576,896 construction appropriation from the Redwire TIF non-rev fund and a $50,000 Cumulative Bridge appropriation; approvals were unanimous.
Director of Building and Development Nick Creevy presented multiple capital items and grant-related requests. The council approved a $318,425 READI grant allocation from the Commissioners Grant Fund, a $576,896 construction appropriation from the Redwire TIF non-rev fund, and a $50,000 appropriation from the Cumulative Bridge fund for Bridge 51. All three items passed unanimously.
Council recorded the listed unappropriated fund balances for the relevant funds before approval (e.g., Redwire TIF non-rev fund balance $959,141.88; Cumulative Bridge balance -$15,784.13). The approvals move forward funding for local development projects and bridge work identified by the building and development office.
