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Council approves $8 million feasibility bond, ARPA transfer for demolition and accepts deed in lieu for tax-foreclosed lot
Summary
The Peabody City Council moved forward three finance actions: a favorable recommendation and council approval for an $8 million feasibility study bond for Veterans Memorial High School, a $170,979 transfer from ARPA interest to fund building demolition, and acceptance of a deed in lieu for a tax-delinquent unbuildable lot.
The Peabody City Council on April 10 approved three finance committee recommendations: a favorable recommendation for an $8 million bond order to fund a feasibility study for the Peabody Veterans Memorial High School, a transfer of $170,979 from ARPA interest funds to a building-demolition account, and acceptance of a deed in lieu of payment for a tax-delinquent unbuildable lot.
Finance Committee Chair Councilor McGinn reported that the feasibility-study request for the Veterans Memorial High School—presented as an $8,000,000 bond order—came with a schedule of deliverables related to MSBA (Massachusetts School Building Authority) eligibility. The mayor described an anticipated…
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