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SEC to name top city official over arena financing

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WENATCHEE — The federal Securities and Exchange Commission is expected to take enforcement action against a top city official for her role in the Town Toyota Center debacle.

The action — the first by the agency in its investigation of the arena’s finances and ultimate bond default — is expected next month, Mayor Frank Kuntz said. It is expected to target Executive Services Director Allison Williams, according to a document included in the City Council agenda packet.

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