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The Economic Development Authority approved a preliminary fiscal year 2026 tax levy, a downtown commercial rehabilitation loan for 533 Central Avenue, and a special demolition and rehabilitation loan. Each resolution passed unanimously, 7-0; the levy amount was not provided.
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The decisions authorize economic development financing for downtown improvements and approve the EDA’s preliminary tax levy for fiscal year 2026. The minutes do not state the loan amounts, project details, or proposed levy amount. Staff will also continue work on Faribo Downtown Central’s requests involving building ownership changes and related agreements.
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