COLDWATER — The Coldwater City Council has a brief agenda for its second meeting of August tonight.
City Manager Jeff Budd reports the projected deficit from the 2015-16 budget actually grew the fund balance reserves by $806,000. For the current 2016-17 fiscal year, because of delayed capital spending, the project budget deficit will reduce the fund balance by $583,378.
That fund balance, which stands just shy of $4 million, would end the current fiscal year at $3.3 million.
The council plans to consider selling a small corner of land, at Orleans Blvd. and Michigan Avenue, it received from the delinquent sales to adjacent property owner, The Laurels of Coldwater.
The council meets at 5:30 p.m. on the second floor of the Henry L. Brown Municipal Building at One Grand Street.