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Harbor manager reports Brady-account spending and capital plans; funding mechanism still undecided
Summary
Harbor staff reported roughly $507,612 in Brady-account spending to date, recent monthly spending of about $21,682, and additional revenue collected after a rate increase; deposits have been placed for replacement docks but funding options (bonds, general-fund borrowing) remain under consideration.
Harbor operations staff on Wednesday provided an accounting of recent expenditures from the Brady fund and updated the Harbors and Beaches Advisory Committee on capital projects and timelines.
The harbor manager said the Brady report shows $507,612 in total reported spending, with approximately $470,339 spent before the most recent rate increase. Recent months' repair and…
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