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Council approves transfers from 2022 bond savings for animal-care, Public Works and Presswood fire station design
Summary
Finance staff asked the INR subcommittee to transfer $700,000 for animal care center additions, $610,730.21 to the Public Works Complex expansion, and $200,000 to expedite Presswood fire station preconstruction; the committee approved the transfers from bond savings and interest.
County finance staff asked the INR subcommittee to reallocate savings and interest from the 2022A general obligation bond issuance to cover shortfalls in several capital projects.
"We're asking to transfer $700,000 for the animal animal care center additions and $610,730.21 to the Public Works Complex expansion," Finance staff said, and explained an additional $200,000 would be moved from savings in several fire/EMS projects to expedite the Presswood fire station preconstruction design. The packet contained a corrected resolution reflecting the revised amounts.
A councilmember moved to accept staff's recommendation; the committee voted in favor. Staff said the funds come from bond insurance savings and interest earned on the 2022A issuance, and the transfers are a corrective/expedite action to keep these capital projects moving.
