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The committee recommended passage of legislation supporting a convention center headquarters hotel, including $50 million in city loans, a 30-year lodging-tax exemption with payments in lieu of taxes, and related property transfers. It also recommended a separate $50 million one-time payment to reduce the city’s unfunded pension liability.
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The hotel measures would direct city financing toward construction and related infrastructure in the Convention District, but the committee’s action was a recommendation rather than final City Council approval. The committee also adopted amended motions allocating $350,000 for affordable homeownership through Habitat for Humanity and $100,000 for the Center for Closing the Health Gap. Other recommended actions included transfers for city operations, transportation, public services, and emergency communications.
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