Update on Council Slush Fund

The City staff modified the proposed uses of the slush fund in their presentation to the Council at the workshop yesterday. Here is the modified chart.

The result from the workshop was that the first two items would be funded as presented and $175K would be allocated to the Economic Stabilization Fund, but, the remaining allocation would be delayed until the sale proceeds from the sale of the city buildings is known with certainty sometime in May.

Remember, the funding for the new city hall is dependent on the proceeds from the sale of several existing city owned buildings on and near the courthouse square. The Council established a $13M cap on the cost of the new city hall.