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Auburn council reviews proposal to form community development corporation to hold city properties
Summary
Councilors discussed creating a small, staff-led community development corporation (CDC) that would initially hold city properties and pursue capitalization and redevelopment options, with council oversight and an outlined dissolution process.
A proposal to create a small community development corporation to hold and manage property for the city was discussed at the Auburn City Council workshop on May 5, 2025.
City staff presented the idea as a narrowly scoped entity that could make the city eligible for certain funding and isolate risks tied to property ownership. "Having a separate economic development corporation that could hold a property for the city can sometimes make us eligible for additional funding sources that the city might not be…
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