Laserfiche WebLink
Create a plan for As noted earlier, the City will likely face a gap in financing the proposed <br /> Walnut Street improvements to Walnut Street. Starting the financial planning process at the <br /> earliest opportunity adds to the time available to find solutions. How much is <br /> the gap? What options are available to fund the gap? What steps are needed <br /> to implement the finance plan? A proactive approach increases the chances for <br /> a successful and affordable project. <br /> Part of creating a plan for Walnut Street would be obtaining special legislation <br /> to establish a special service district. The service district can be used to <br /> finance the construction and maintenance of the Walnut Street improvements. <br /> Legislative authority only adds this tool as an option. The process to create a <br /> district can only be started by a petition of affected property owners. <br /> • 411 <br /> ":••• 'A New Bridge <br /> Revitalizing Monticello's Downtown and Rive:front <br /> Page 4:24 <br />