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Montgomery County EDA approves $65,000 budget amendment for Falling Branch engineering work
Summary
The authority approved a $65,000 amendment to the 2027 budget to fund professional engineering services for Falling Branch Corporate Park, including an Alta survey and geotechnical work, funded from county transfers and the EDA reserve.
The Montgomery County economic development authority approved a $65,000 amendment to its 2027 budget to add professional services spending for engineering work related to Falling Branch Corporate Park. Staff said the amendment would cover engineering services and an Alta survey — steps intended to ensure the site is ready for a developer.
Staff explained the funds will come from county transfers and the EDA reserve held by the county. The presenter said the economic development reserve was reported at $828,000 at the end of the prior fiscal year and noted that drawing on the reserve requires county board-of-supervisors approval for a specified purpose. After board discussion a motion to approve the amendment was moved, seconded and passed by voice vote.
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