It was agreed at the Fermoy Municipal District that €28,570 of the overspend from the Abbey Street project will be covered by the Pay Parking Dividend from 2017.
Pauline Moriarty gave a breakdown of the figures saying €25,000 of the planned funding came from the Town Development Fund while €47,500 came from the department but the overall cost of the project came in at about €115,000.
In order to fund the overspend, Ms Moriarty had an allocation under the Pay Parking Dividend of €28,570.
Another element of the overspend funding is allocated under the town development fund and the remainder will come from the roads department of Cork County Council.
However, prior to agreement the proposal was contested by …
Full story in this week’s Print & Digital Edition