City council approves project-to-project fund transfer
City council unanimously approved a motion Monday to transfer $800,000 from the Civic Yards Flood Berm project to the Storm Pond Reconstruction project at Piper Creek and 19 Street (adjacent to Westerner Park).
Transfers exceeding a certain amount, as outlined in Council Policy 5320.03C – Capital Budget Funding Policy, require council approval.
Both projects involved in this transfer are grant funded through the Investing in Canada Infrastructure Program, which means there will be no impact to the City’s reserves, officials say.
The Storm Pond Reconstruction project is intended to have a positive impact on the water quality in Piper Creek, which in turn should have a positive impact on the water quality in the Red Deer River.