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The Community Preservation Committee voted 8-0, with one abstention, to recommend a $750,000 bond for the approximately $1.5 million Wharf Park project. The recommendation will require approval at Town Meeting, and the committee planned a separate article for it.
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The committee advanced funding for Wharf Park after reviewing design changes that are expected to save $56,000. The proposed $750,000 bond would be repaid over 15 years, with estimated annual debt service of $72,000 to $82,000. The bond still needs a two-thirds vote at Town Meeting.
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