Council receives introduction to amend Fund 266 rules to allow grants to separate taxing districts
Summary
City staff introduced an ordinance to amend rules governing Fund 266 (capital projects) so that the fund can grant money to separate taxing districts, enabling transfers from Fund 266 to the redevelopment capital fund ahead of planned redevelopment projects; the ordinance will return for action later this month.
Janelle Fairman, director of economic development, introduced an amendment to the city's ordinance governing Fund 266 (capital projects) to permit granting money from Fund 266 to separate taxing districts. Fairman said Fund 266 was established earlier in 2025 and a portion is allocated to the Redevelopment Department (department 018); the requested ordinance change would allow the redevelopment department to grant monies from Fund 266 into the Redevelopment Commission's capital fund (Fund 244) as originally intended. Why it matters: The change is procedural but important to allow the city to move capital allocations through the appropriate taxing district accounts so redevelopment projects can be funded and administered by the Redevelopment Commission as planned. Fairman said the council will consider the ordinance again on the 25th of the month along with specific grant requests. Procedural details: This was an introduction for first reading; no vote was taken. Fairman said she will return with a request later this month to grant funds from Fund 266 to Fund 244 and provided staff contact information for follow-up questions.
