Council approves development agreement for Red Bud Ridge housing incentive district
The Augusta City Council approved a development agreement with 10 Oak Investments LLC to implement the Red Bud Ridge Reinvestment Housing Incentive District, setting financing, milestones and protections including a developer letter of credit and assignment restrictions until substantial completion.
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The Augusta City Council on July 6 approved a development agreement with 10 Oak Investments LLC to implement the Red Bud Ridge Reinvestment Housing Incentive District (RHID), an incentive tool the council established earlier under ordinance number 22 65.
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