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The City Council unanimously approved an amended 380 Agreement with JAB Realty Investments, increasing the subdivision incentive from $242,000 to $345,000. The agreement lists total project investment of $437,754 and states that no future incentives will be provided for the subdivision.
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The approved agreement provides $345,000 in incentives for the Cardinal Estates subdivision. The city recorded total project investment of $437,754, including $92,754 from Towers Holdings and $345,000 from JAB Realty. The council also discussed possible zoning rules for data centers and battery energy storage systems, but the minutes do not record final adoption of those changes.
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