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The Township Committee approved a 0% interest, 10-year repayment agreement for a $463,409 supplemental insurance assessment by a 3-2 vote.
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Holmdel will repay the $463,409 assessment through a long-term, interest-free agreement offered by its current insurance fund. The committee also approved a $35,000 grant application for accessibility-compliant doors at the Senior Community Center and a grant application for renovations at Robert Labbe Memorial Park. Other approved measures included adopting a Community Energy Plan and donating vehicles to a fire company.
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