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Needham advisory council says full economic development study will take longer, finance director to brief group next month
Summary
The Council of Economic Advisors was told the town’s planned economic development study will likely take longer and cost more than initially estimated; Deputy Town Manager and Director of Finance Dave Davidson will brief the council on financing and procurement at the next meeting.
The Council of Economic Advisors was told Sept. 12 that a full economic development plan will take longer and cost more than members first expected, and that town finance staff will brief the council next month on funding and procurement options. Committee chair, speaking at the start of the meeting, said the town has researched requests for proposals and finished plans from similar communities and found costs “on the order of 75 to $85,” which the meeting transcript shows the chair described as more than the town could immediately cover and something that “needs to be funded as a capital plan.” The chair told members that Dave Davidson, deputy town manager and director of finance for the town, will join…
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