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Carmel Redevelopment Commission hears monthly financial report and development project updates
Summary
The commission received the August cash‑flow report, approved two sets of claims, and heard project updates from the development director on Monon Square North, Magnolia condos, Civic Square and other downtown projects.
The Carmel Redevelopment Commission on Tuesday reviewed its August cash‑flow report, approved two sets of claims and heard monthly project updates from Henry Mestetzky, the city’s development director.
Mr. Lee, who presented the financial figures, said, “The commission's end of month balance for August was $8,484,783. And including the restricted funds, it was $20,608,811.” The commission then approved two sets of claims: $12,541.58 for non‑operating expenses and $562.61 charged to the 2021 Litt and GEO bonds. Both sets were approved by…
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