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The committee unanimously recommended an amended FY27 Tax Increment Financing budget to the Town Council, including funding for work at the boat launch even if a grant is not awarded.
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The recommendation would direct TIF funds toward the boat launch and other eligible improvements. The committee agreed that façade loans should improve properties within the TIF district, rather than serve as a blight-removal program. Members also agreed that using TIF funds for a retaining wall at the Main Street property would not support the program’s commercial-property goals.
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