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The city has put its $3-million share of the Orange County bankruptcy settlement in a state investment pool while officials consider the best use of the money.
Council members have differing views on what to do with the settlement, calling for it to be spent on parks, roads or to offset a reduction in the city’s utility tax.
City Administrator Bob D’Amato has proposed that it remain invested and that the city use the interest it earns for various projects.
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