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Princeton approves five-year pledge agreement with 10 Acre Foundation for $500,000 annually
Summary
The Mayor and Council authorized a multi-year pledge to the 10 Acre Foundation for $500,000 per year from 2025 through 2029; motion carried by unanimous voice vote.
The Princeton Mayor and Council on Tuesday authorized a pledge agreement with the 10 Acre Foundation that commits $500,000 annually for 2025 through 2029.
Resolution 25-185 authorizes the municipality to execute the annual pledge agreement. The motion was moved and seconded during the meeting and carried by voice vote.
Council did not provide additional project details, budget line-item references or conditions in the recorded discussion. The resolution text before the council indicates the annual amount and multi-year span; specifics about payment schedule, funding source, or programmatic use of the funds were not specified in the meeting record.
The motion was moved by Councilmember Brian McDonald and seconded by Councilmember David Cohen; all council members responding in the voice vote said “aye.”
