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Council approves $1.46 million in community preservation and transit-related transfers; appropriates rideshare trust funds for multi-use path work
Summary
The council approved Finance Committee recommendations to transfer $958,000 for a 46-unit senior housing project on Endicott Street, $250,000 for Ross Park playground upgrades, and $200,000 for CPC open space housekeeping; it also reauthorized $75,848.53 from the Rideshare Transportation Enhancement Trust for multi-use path projects.
The Peabody City Council on May 8 unanimously approved several Finance Committee recommendations that move roughly $1.46 million in local Community Preservation and transportation trust funds toward housing, park upgrades and pedestrian infrastructure.
The largest item is a $958,000 transfer to support a downsized affordable senior housing development on Endicott Street. Councilor Michael Gingras presented the request; Councilor Joseph McGinn, reporting for the Finance Committee, said the project will provide 46 one-bedroom senior…
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