Wednesday, May 03, 2006

State may release 600G for Lakewood UEZ

Posted by the Asbury Park Press on 05/3/06BY RICHARD QUINNTOMS RIVER BUREAU LAKEWOOD —
The state may decide this month to release nearly $600,000 in funding for the township's Urban Enterprise Zone.

The funding freeze, in place since an audit earlier this year discovered some irregularities with a program vendor, could be lifted in the next two weeks, said Russell K. Corby, executive director of the Lakewood Development Corp., which oversees the UEZ.

Corby told board members at this week's LDC meeting that he is confident the money will be released."Within a week or two, we should find out whether it will be reimbursed,'' Corby said.

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