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Council pauses plan to reallocate CIP funds; asks staff for a work session and clearer spreadsheets
Summary
Staff proposed reallocating bond, impact-fee and utility funds to close shortfalls on several CIP projects, including Merritt Road Interconnector; council expressed concerns about transparency and use of emergency reserves and voted to postpone the resolution to a future regular meeting and request a work session.
City staff presented a resolution to transfer funding between capital improvement projects to address shortfalls on 10 CIP projects (seven street projects and several utility items). Staff explained a proposed combination of bond funds, roadway impact fees (split into Zone 1 and Zone 2) and water/wastewater revenue bonds to bridge shortfalls on projects such as the Merritt Road Interconnector and Liberty Grove Road.
Council members raised questions about the provenance and netting of previously transferred bond funds, the appropriateness of tapping emergency water-and-sewer reserves, how impact fees should be used geographically, and the need for clearer spreadsheets and stakeholder coordination with regional partners. After discussion the council voted unanimously to postpone the item to a future regular meeting and requested a detailed work session with a line-item spreadsheet and fuller explanations.
