City Manager's Agenda 2025 #1

Official designation: CMA 2025-1

Transmitting Communication from Yi-An Huang, City Manager, relative to the appropriation of $29,388,181.96 from Free Cash to the Mitigation Revenue Stabilization Fund. During FY24, 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