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The committee voted 5-0 to recommend that the City Council approve a proposed $1.5 million loan for Phase 2 of the Malden River Works Project and a $50,000 cable-access appropriation for Urban Media Arts equipment.
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The proposed Malden River Works loan would be repaid over 15 years from future Community Development Block Grant funds rather than the general fund, although Phase 2 still has a reported $2.5 million funding gap. The $50,000 appropriation would help replace an unstable playback system used for public meeting coverage. The committee postponed review of a possible $36 million debt-exclusion ballot question and requested more financial estimates before considering trash-fee increases.
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