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Lebanon council approves $3.2 million bond for Paddock Place workforce housing project
Summary
Lebanon City Council approved Ordinance 2025-33 on second reading on Oct. 27, authorizing the issuance of up to $3.2 million in taxable economic-development revenue bonds to support public infrastructure for the Paddock Place multi-family project.
Lebanon City Council approved Ordinance 2025-33 on Oct. 27, authorizing the issuance of taxable economic development revenue bonds for the Paddock Place project and related actions.
The ordinance authorizes an aggregate principal amount not to exceed $3,200,000 in taxable economic-development revenue bonds to help offset costs for public infrastructure associated with Paddock Place, a market-rate multi-family project on the city's north side. City staff told the council the overall project is…
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