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Committee backs due diligence and forwarding a $6M reimbursable conservation grant request to council for Chelsea project
Summary
The green‑space committee approved adding a reimbursable grant facilitation to due diligence and recommended that county council consider a $6 million reimbursable grant to reduce the Nature Conservancy’s debt on the Chelsea conservation purchase; members cited urgency, potential Department of Defense support and the regional conservation value.
Green Space Advisory Committee members debated a request to add a reimbursable‑grant option to staff due diligence on the Chelsea conservation project, and voted to forward the committee’s recommendation to county council.
Green Space Chair (speaker 13) described a complex transaction in which a private conservation buyer (Nature Conservancy) would assume roughly $28 million in acquisition debt and expected outside partners, including the Department of Defense,…
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