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The Fate Municipal Development District unanimously approved Resolution R-2026-001 for the Fate Downtown Park and Promenade Project, including use of district funding for principal, interest, and other costs tied to city-issued Certificates of Obligation.
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The action authorizes an agreement for Municipal Development District funds to help pay costs associated with the downtown park and promenade project. The board also discussed alternatives for temporary downtown parking after a proposed railroad property lease became uncertain; no action was taken on parking.
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