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Council appropriates $299,371.14 in LMD closeout funds for council-managed line item
Summary
Council approved Resolution 30 to appropriate the city's $299,371.14 share of Local Marketing District closeout funds; staff created a council line item to track future EDAC recommendations and will carry over any unspent balance.
Council approved Resolution 30 to appropriate $299,371.14 — the city's share of Local Marketing District (LMD) closeout funds — and established a council line item to track spending recommended by the economic development authority (EDAC).
"This is the city's portion of it. It's in the amount of $299,371.14," Finance Director Mindy Elliott said, and explained that previously approved expenditures (including $7,000 for advertising and $7,500 for rodeo-day activities) had been subtracted. Elliott said the unspent balance will be carried over at year-end so council and staff can track what remains available.
Council approved the appropriation by voice vote. Staff said the July financials will show the receipt of those funds and that coordination with county finance staff confirmed the split was equitable among partners.
