City Manager's Agenda 2023 #264

Official designation: CMA 2023-264

Transmitting Communication from Yi-An Huang, City Manager, relative to the appropriation of $2,091,000 from Free Cash to the Mitigation Revenue Stabilization Fund. During FY23, the City received mitigation revenues from various developers as a result of commitments related to zoning ordinance amendments and special permit conditions. By law, all mitigation revenues must be deposited into the General Fund and can only be appropriated after the Free Cash Certification is complete