Former F.C. City Councilman Ira Kaylin is shown addressing today’s town hall meeting on how to best spend the cash profits from the sale of the city’s water system. (Photo: News-Press)Following an informational town hall meeting Saturday morning, the Falls Church City Council is prepared to give preliminary approval this coming Tuesday to a plan to deploy over $20 million as the cash component of the sale of the City’s water system to Fairfax County earlier this year.
The plan as laid out by City Manager Wyatt Shields today will be some variant of a two-part deployment of funds, roughly half to direct investment in capital improvement projects on the city’s immediate to-do list and half to shore up the city’s pension fund going forward.
