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The authority approved two loans of up to $2 million each, including a workforce housing loan to 1700 W Main Street, LLC and a loan to Masonic Towers Redevelopment, LLC. It also approved up to $283,395 for repairs to make the 120 Cane Creek Boulevard building leasable, along with contracts totaling up to $115,250 for work at the Coleman site.
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The approved loans support housing redevelopment and a workforce housing project. Property and site-work spending will repair an authority-owned building, finish grading and an 80-acre pad project at the Coleman site, and fix broken water pipes at 1350 Barker Road. The board also discussed citizen concerns about a proposed data center but took no related action.
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