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The board unanimously approved up to $107,000 to offset the cost of a fire hydrant for Princeton Pediatrics at 136 S. 2nd St. The funding will come from the EDC’s $10.8 million in retained earnings through a budget amendment, with a contract limiting the assistance to $107,000.
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The decision provides infrastructure funding connected to Princeton Pediatrics’ development. The board also unanimously approved a contract for Project Queen after executive session, but the contract amount was not stated in the minutes. Existing officers were retained, and the board approved an updated administrative services agreement with annual review provisions.
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