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The City Council unanimously approved the first of two readings authorizing sales-tax revenue bonds for the Webster Economic Development Corporation to help fund the purchase of approximately 57.855 acres for Project Flyway.
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The approval allows the Webster Economic Development Corporation to move forward with plans to sell bonds backed by sales-tax revenue. The proceeds would fund land acquisition connected to Project Flyway, which is planned to support future public roads, utilities, private utilities, and site improvements. A second City Council reading is required, but the minutes do not provide its date.
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