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Greeley City Council approved proportional allocations of $24,635,537 in available Private Activity Bonds for three affordable-housing proposals, with the motion passing 7–0. The council also approved a stormwater planning and program-management contract focused first on the 12th Street outfall.
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Private Activity Bonds are tax-exempt financing used for qualifying private projects, commonly affordable housing. The approved allocations draw on a three-year retained balance, but the minutes do not specify each project's final dollar amount. The council also advanced downtown stormwater capital planning and named a new 27-acre community park Ferguson Park.
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