Case File 26-0699
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Discussion and action on a Resolution that City Council approval granted in the Resolution of July 1, 2024 to allocate funds from capital asset sales to fund the City of El Paso’s local match obligation for the Traffic Management Center Updates Phases 2 and 3 (TMCU) Project is rescinded upon the City of El Paso’s receipt of State Infrastructure Bank loan funds, due to the availability of State Infrastructure Bank loan funding for this purpose, and that, except as herein modified, the Resolution of July 1, 2024 remains in full force and effect. [POSTPONED FROM 06-09-2026]
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Discussion and action on a Resolution that City Council approval granted in the Resolution of July 1, 2024 to allocate funds from capital asset sales to fund the City of El Paso’s local match obligation for the Traffic Management Center Updates Phases 2 and 3 (TMCU) Project is rescinded upon the City of El Paso’s receipt of State Infrastructure Bank loan funds, due to the availability of State Infrastructure Bank loan funding for this purpose, and that, except as herein modified, the Resolution of July 1, 2024 remains in full force and effect. [POSTPONED FROM 06-09-2026]
Vote: 8 for, 0 against
approve resolution rescinding capital asset sales allocation for Traffic Management Center Updates Project due to SIB loan availability
Discussion and action on a Resolution that City Council approval granted in the Resolution of July 1, 2024 to allocate funds from capital asset sales to fund the City of El Paso’s local match obligation for the Traffic Management Center Updates Phases 2 and 3 (TMCU) Project is rescinded upon the City of El Paso’s receipt of State Infrastructure Bank loan funds, due to the availability of State Infrastructure Bank loan funding for this purpose, and that, except as herein modified, the Resolution of July 1, 2024 remains in full force and effect. [POSTPONED FROM 06-09-2026]
Vote: 7 for, 0 against, 1 absent
postpone two weeks discussion on rescinding capital asset sales allocation for Traffic Management Center Updates Phases 2 and 3 Project upon receipt of SIB loan funds
*Consent-style motion, maker and seconder not named in minutes