Re: LCVBA City of Lewiston Capital Budget Line Item Reinstatement

[Corrie Rosetti]

Vern, go ahead and send the letter with my blessing. This is what I mean by "You are LCBA." This is an important catch. I'll never be a place to understand this funding issue well enough to recognize this omission.

Doesn't mean they will reinstate the item, but at least we asked.

Thanks,
Corrie

On 12/6/2014 9:26 PM, idaho2some wrote:

In 2013 the Lewiston City Council deleted a $100,000 line item from the city's budget.   The line items was specifically targeted at sidewalk interconnectivity improvements.   It could also have been beneficially used as a source of matching funds to help the city capture several other sources of financing that require matches ranging from about 8% to 20% of total project cost.

If those matching funds were available the City could be executing additional projects to the tune of $500,000 to $1,250,000.   The failure to have these matching funds in the budget is reflected in the LTIP currently out for public comment (see other post from today).

I believe the LCBA should vigorously encourage the Council to re-instate the $100,000 into the budget for project matching purposes, and that we want it maintained in future year's budgets.  To that end I have prepared the attached letter for your comments.   Please post your comments (good and bad) here in response to this post.

I intend to send the letter to the Council on behalf of all LCBA members no later than Friday, December 12th.   To accomplish that I need your comments posted here no later than Wednesday, December 10th.

Thank you for your participation.

Vern

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