Item 4: "City Council Discussion Regarding use of Downtown Urban Renewal Agency Funds for Downtown Projects and the Minto Brown Bridge." There's no staff report, and no recommendation. It's a little buried.
Last Monday, Council voted to reallocate $3 million in Urban Renewal funds (details here). These funds would be redirected from:
$1,300,000 - Reduce Existing Toolbox Loan Program FundsIt wouldn't be surprising if some downtown business representatives have made objections and some supporters of the reallocation might be having second thoughts. If so, this could prompt more discussion and even reconsideration.
$1,000,000 - Reduce Demonstration Grant Allocation
$150,000 - Eliminate Streetscape Funds
$550,000 - Reduce Ending Fund Balance
$3,000,000 - TOTAL
More to come, I'm sure. (Maybe there's another explanation entirely?)
Otherwise there's nothing specifically relating to transportation on the agenda - though there are other matters of interest, of course.