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The Hutto Economic Development Corporation board approved a new incentive policy, related programs, and procedures by a 6-0 vote, with a legal-entitlement acknowledgment added. The board also approved changes involving Hutto Hospitality, the Cottonwood Properties loan, and Project Sequel, while denying ratification of two railroad-crossing closures at the Hutto Megasite.
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The approved incentive policy establishes the corporation’s framework for offering economic-development incentives. The board postponed funding for the facade grant program until a related ordinance is revised and directed staff to revisit the strategic plan in mid-January. Other approved actions extended the Hutto Hospitality performance period, refinanced the Cottonwood Properties loan, amended the Project Sequel agreement, and authorized up to $4,000 for an appraisal related to Project Air.
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