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The Downtown Development Authority approved deeding two tracts of 57 Railroad Avenue to the City, authorized reimbursements and payments for legal, engineering and demolition costs, approved a contract change order that reduces the base bid, and set direction to build one two-story white-box restaurant on the assemblage funded by sale of 21 residential lots. The DDA’s May ending balance was $208,091.78 and the board introduced Financial Manager Therese Brown.
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The DDA decided to move forward with building one two-story commercial restaurant on the downtown assemblage and to fund engineering and construction from proceeds of 21 future residential lot sales. The board also transferred two parcels to the City (reducing what the DDA owes), agreed to reimburse the City for legal and engineering charges, paid for demolition work, and approved a contract change that lowers a construction bid. For residents, this means the DDA is committing resources to start a visible commercial project on Main Street while handling outstanding property and project-related costs.
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