Committee discusses financing, potential town contribution and schedules RDI presentation
Members reviewed RDI's 15-year operating budget and financing plan (including resyndication at year 15), noted two $750,000 line items in the developer budget that could imply a town contribution, and agreed to site visits and an RDI presentation before finalizing financial feasibility ratings.
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The committee reviewed RDI's operating and development budget and discussed financing options. Members noted RDI includes two $750,000 line items in the proposal's budget and referenced a construction ballpark of roughly $33 million; several members suggested that any required town contribution could be financed through bonding against CPA funds or similar mechanisms rather than an immediate cash outlay.
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