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Brentwood finance director reports economic development fund healthy after reserve draw for public works facility
Brentwood 353 Redevelopment Corporation · September 24, 2024
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Summary
Finance director Michelle Depew told the redevelopment corporation the economic development fund grew in 2023 and remains healthy despite a board-approved withdrawal to acquire a facility at Hanley Station for a future public works garage; the board had approved taking roughly $2.8 million from reserves.
Michelle Depew, introduced as the city’s new finance director, presented the economic development sales tax fund and referenced the 2023 audited financials. She told the board the fund "grew over $1,000,000 within 2023." Depew said the board…
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