The chosen developer would purchase/develop a parcel at 60 Dingwall Drive, two adjacent sites, including the parking lot of 222 Main St.; and 195 deKoven Drive.
Downtown businesses will get a boost from federal COVID-relief money for improvements through a matching-funds grant.
City officials last week approved an allocation of $300,000 in American Rescue Plan Act money for the program, which seeks to improve the appearance of the downtown business district and assist small businesses.
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“We look forward to beautiful weather all afternoon and evening starting” at 5 p.m. on Sunday, with fireworks starting at 9:30 p.m., according to officials.