Request to approve the following 2026 Budget amendment: General Fund - Community Development Misc Revenue + $135,169 Consulting Services + $135,169 For Thrivent Cost Reimbursement Agreement Amendment #1 (2/3 vote of Council required)

This item requests approval of a $135,169 budget amendment for the Community Development Department's New & Redevelopment Projects fund. This amendment is necessary to account for an increase in Thrivent's escrow deposit, as approved by the Common Council on January 21, 2026, through Amendment #1 to the Thrivent Cost Reimbursement Agreement. The amendment will increase both 'Misc Revenue' and 'Consulting Services' by the specified amount. A 2/3 vote of the Council is required for approval.