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Staff recommends resolution to use general-fund cash for Manon Creek Phase 3 after USDA becomes unavailable
Summary
Committee reviewed a drafted resolution allowing the use of general-fund unrestricted cash to fund Manon Creek Phase 3 as USDA funding is no longer an option; staff recommended placing the item on the consent agenda.
Staff presented a drafted resolution that formalizes the board's prior direction to plan for using general-fund unrestricted cash to fund Manon Creek Phase 3, noting USDA funding is off the table.
"We authorized us to move forward' and this resolution does a great job of outlining from beginning to end all the steps we've taken," staff said, describing the resolution as a formalization of prior direction. Committee members confirmed the recommendation and staff said the item would be placed on consent.
No fiscal numbers or binding debt issuances were finalized in the committee discussion; staff characterized the resolution as a planning and authorization step to allow incremental moves of cash as costs are incurred. The committee did not take a final funding vote at the meeting; staff will bring the resolution to the board as a consent item.
