City Council on Tuesday focused flood-protection funding toward seven projects in communities that faced significant impacts from Hurricane Matthew in 2016.
The “mega bundle,” as the projects are called, is ready to move forward in Windsor Woods, Princess Anne Plaza and The Lakes at a guaranteed price negotiated with a contractor. Officials developed a way to pay for the projects amid rising costs and a shortfall by, in part, using funds for other planned projects that aren’t ready to be built.
Council backed amending the capital improvement plan to move forward with nearly $489 million for the mega bundle projects. The council authorized transferring nearly $273 million from other flood protection projects and adopting additional bond funding to close a difference of about $403.6 million…