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The Economic Development Authority approved the Radford University Foundation’s REDI Grant year-three request after finding it met the agreement’s requirements; payment remains subject to City Council appropriation. The board also approved an amendment extending the 2024 grant term by one year.
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The foundation’s submitted receipts for real estate, meals, and lodging taxes were accepted as meeting the grant agreement’s conditions. The request is not yet an appropriation; City Council must approve the funds before payment. The board also approved three invoices totaling $1,086.00 and discussed an industry expansion in closed session without taking action.
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