Resolution 2026-06 Approval of Funding for Additional Capital Projects

Publication Date: October 22, 2025

Summary

The PICA Board approved the use of up to $10 million in surplus PICA bond proceeds to support the Cobbs Creek Wetland Mitigation Project, a public-private initiative led by the Cobbs Creek Foundation. The project will restore three miles of stream and 25 acres of wetlands, improving flood mitigation, water quality, and community access to green space while leveraging an additional $16 million in private and state funding. The City will retain oversight through Parks and Recreation, and the completed project is expected to support job creation, youth programming, and long-term community investment.