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Council reviews downtown projects, PARTF award and financing options for URA
Summary
City staff outlined several capital projects including a $1 million award for William and Montgomery Street Park and remaining PARTF funds; staff discussed TIF growth, revolving credit, municipal bonds, CDFI partnerships and a requested $150,000 reserve for downtown building repairs.
Finance Director Joey Fuqua and City Manager Edward T. Blackmon identified several capital projects under consideration: William and Montgomery Street Park, TIF-district redevelopment, the Embassy Block, and McGregor Hall. Blackmon said Representative Frank Sossamon submitted projects on the city’s behalf and the city was awarded $1 million for the William and Montgomery Street Park project; the minutes also note $300,000 remains in the PARTF grant.
Blackmon expla…
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