Title
Authorization to Transfer Metro Local Share Funds to the Willamette Falls Legacy Project Riverwalk Design Process
Body
RECOMMENDED ACTION (Motion):
Authorize the City Manager to sign the attached amendment to formally transfer the Metro local share funds to support the riverwalk design process in accordance with the recently adopted Willamette Falls Legacy Project Governance IGA.
BACKGROUND:
The City Commission updated the Local Share project list to include the riverwalk in 2015 and identified the use of Local Share funds in the recently adopted Willamette Falls Legacy Project Governance IGA. The budget item in the adopted IGA was not up to date ($140,548). The attached amendment reflects the current funds available for transfer ($340,581.87).
BUDGET IMPACT:
Amount: $340,581.87
FY(s):
Funding Source: Metro local share funds