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Subject: Request from the Director of City Development for an allocation of $73,000 from the Local Option Fund to pay Southside properties' future property maintenance and management costs.
Recommendation of Community Development Committee on 2-28-08: That up to $73,000 be allocated from the Local Option Fund to the Department of City Development to pay future maintenance and management costs associated with the Southside properties.
Fiscal Note: There are sufficient funds in the Local Option Fund.