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Urban Renewal Agency reviews proposed budget; agency staff say revenues tied to projected projects
Summary
The Dundee Urban Renewal Agency opened a public hearing on its proposed budget and discussed anticipated tax-increment revenues tied to potential development projects; no final agency adoption occurred at the meeting.
The Dundee Urban Renewal Agency opened a public hearing on its proposed urban renewal budget. Agency staff outlined a draft budget that includes materials and services, debt-service estimates and an appropriation for potential project expenses tied to anticipated tax-increment financing from proposed developments.
Staff presented an estimate of tax-increment revenues under several build…
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