Description
Title: Approve an ordinance amending the Fiscal Year 2025-2026 Austin Financial Services Capital Budget (Ordinance No. 20250813-005) to increase appropriations by $1,079,193 available from the land sale proceeds at the St. John Site located at 800 E. St. Johns Avenue, Austin, Texas 78752 to support investment in connectivity, accessibility, and amenities in the historic St. John Neighborhood. Funding: $1,079,193 is available in the Capital Budget of Austin Financial Services. Related to Item #2 and #3.
Summary
The Austin City Council is considering an ordinance to amend the Fiscal Year 2025-2026 Capital Budget, increasing appropriations by $1,079,193 from the proceeds of a land sale at the St. John Site, located at 800 E. St. Johns Avenue. This funding will enhance connectivity, accessibility, and amenities in the historic St. John Neighborhood. The total appropriation for the St. John Site Redevelopment will now be $5,555,193, supporting projects such as street and road improvements, water quality enhancements, and affordable housing initiatives. This legislation aims to bolster community resources and infrastructure, benefiting residents and integrating new developments in the area. The budget amendment is crucial for the ongoing revitalization of the neighborhood.