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Pointe Perry development area nears end of financing obligations
Perry's oldest redevelopment project is nearing the end of the financing obligations created after the city assumed infrastructure costs when the original developer defaulted, according to the Perry Redevelopment Agency's annual report. Financial adviser Jason Burningham of LRB Public Finance Advisors presented the Perry Redevelopment Agency's annual report during Thursday's City Council meeting, reviewing the status of the city's two community development areas as the Pointe Perry project nears the end of its reimbursement obligations. The annual report states the Pointe Perry Community…
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