CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:
Please choose District and Department from drop down menu. Please post exactly as example below.
No Title’s, No emails. Please use ARIAL 10 Font.
Details
All Districts
City Manager's Office, K. Nicole Cote (915) 212-1092
End
AGENDA LANGUAGE:
This is the language that will be posted to the agenda. Please use ARIAL 11 Font.
Title
Presentation, discussion and action on the 4th Quarter Financial Report and to authorize the City Manager or his designee to allocate $24,946,829 to the Budget Stabilization Fund of which $7 million will be established in the FY 2022 Budget for the following two items:
1. The use of $3,500,000 for a one-time lump sum payment for full-time and part-time employees
2. The use of $3,500,000 to be allocated to streets, infrastructure, and facility repairs as a result of recent and future storm impacts.
The City Manager, or designee, will be authorized to effectuate any budget transfers and execute any contracts and/or related documents necessary to ensure that the funds are properly expended for such purpose.
End