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The council unanimously approved a tax-increment financing district and plan for a development described during the hearing as bringing about 100 jobs paying roughly $30 per hour. It also unanimously approved approximately $3 million in 15-year bonds for public works and fire equipment.
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The tax-increment financing approval allows the city to support the proposed development by using some future property-tax growth to help cover eligible project costs. The equipment bonds will fund public works and fire equipment; annual debt payments are expected to start near $180,000 and rise to about $350,000 after 2032 as existing debt ends. Proposed changes to charitable gambling, zoning standards, and cannabis buffer zones remained under discussion with no final action recorded.
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