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Council approves economic development bonds for Easton Grey senior housing project
Summary
The council approved an ordinance setting parameters for issuance of taxable economic development revenue bonds for the Lennar Easton Grey senior housing project; the ordinance sets ceilings on amount, term and interest and affirms required public-interest findings.
The Avon Town Council approved an ordinance authorizing parameters for the issuance of taxable economic development revenue bonds to finance infrastructure for the Easton Grey (Lennar) senior housing project.
Town legal counsel described the ordinance as authorizing the Economic Development Commission to issue bonds in an amount not to exceed $478,000,000 for infrastructure and related…
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