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Board authorizes use of general fund cash to finance Madden Creek Phase 3 reconstruction
Summary
The board voted to authorize staff to use unrestricted general-fund cash to fund Phase 3 of the Madden Creek water-system reconstruction and to proceed to call for bids. Staff said Phase 3 is currently estimated at $6.7 million and that modeling assumes 10% from the water fund and 90% from the general fund.
The Board of Directors of FASA and P and D on a voice vote authorized staff to use unrestricted general-fund cash to fund Phase 3 of the Madden Creek water-system reconstruction and to proceed with procurement.
Staff recommended authorizing the general-fund use so the district can begin construction in 2025; staff described the recommendation as necessary because USDA reimbursements are paid on the back end and interim funding is needed to start work. "Phase 3 is estimated to be at $6,700,000 in this current current modeling," the staff presenter said, citing the board materials.
The motion to authorize the transfer was moved by the committee member (identified in the transcript as Speaker 5) and seconded by the Chair (Speaker 1). There was no public comment. The Chair called for the vote and members responded "Aye." Staff said they will call for bids and award the Phase 3 contract as soon as possible and will return with further resolutions and contract documents following board direction.
The decision directs staff to proceed with the Madden Creek Phase 3 procurement and to use general-fund unrestricted cash up to the modeled full cost; staff said they will report back with a detailed long-term financial plan in April.
