Alamo Incorporated has the signatures, now they need the money. They say they have 3100 signatures compared to the 2500 required, and so can move forward. They need to raise $250,000 privately to fund the next steps.
I think this is the part where some of the opposition was saying, "we can't afford it". But if it's private contributions, and some people don't contribute, how was it unaffordable to them? They are getting free ride.