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The Economic Development Authority voted 6-0 to authorize its chair to sign an amended Virginia Village memorandum of agreement with the City Council, subject to a possible additional meeting after members review the revised draft.
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The vote moves the Virginia Village agreement forward but does not indicate that all related planning or consulting decisions are complete. The EDA also received legal clarification that it can own affordable dwelling units and asked staff to verify whether Virginia Village rental income can pay for related consulting services. Proposed FY2027 permit fee changes were discussed, with attention to their impact on small businesses, but no approval was recorded.
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