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Committee seeks annual report on enterprise fund; staff updates Grandview affordable‑housing plan with $2M ARPA support
Summary
Staff described the city’s economic development enterprise fund that manages city‑owned properties and leases and agreed to provide an annual categorized performance report; the committee also heard an update on the Grandview redevelopment, which includes a development agreement and $2,000,000 in ARPA funds for pre‑permitting and infrastructure.
Economic development staff briefed the committee on the city’s enterprise fund, which manages city‑owned properties and leases. Staff said the fund insulates general taxpayers from property maintenance and lease costs and that most leases have been renegotiated recently; one lease was amended in 2023 to cover utilities in rent terms, and staff reported the portfolio…
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