Bonds concept wins city's approval
Bonds concept wins city's approval"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The Glendale City Council this week endorsed the concept of issuing tax-exempt bonds to pay for streets, utilities and other public improvements in the proposed Rancho San Rafael
subdivision. City Manager James Rez said he asked for the council’s vote because extensive paper work and staff time would be required to prepare the bond issue. Council members unanimously
approved the concept. Marlene T. Roth, consultant for the developers, said streets and other improvements in the subdivision would cost $25 million to $50 million. The funds will be raised
by selling tax-free bonds. The bonds would be repaid over a period of years by the developers and home buyers in the proposed 542-unit residential subdivision. Roth said new state
legislation frees the city from any liability in the transaction. In addition, the developers, Homes by Polygon of Costa Mesa and the S. T. MacDonald family of Montrose, have pledged to
repay the city for all costs incurred in issuing bonds and collecting payments. The proposed development, the largest to be undertaken in Glendale, is planned for the San Rafael Hills above
Glendale College and east of the Glendale Freeway. About 190 acres of the 316-acre site will be preserved as open space. MORE TO READ
Trending News
Today's pickup: digital brokerage app lacking traction, freight markets still volatile(Photo: TruckStockImages) Good day, FreightWaves Chad Prevost is reporting today on the UBS Evidence Lab's finding ...
Video: a place for people to pray and birds to sing“At the very core, the mosque is the sacred place of Islam. It is where men and women and children go to pray,” says Uni...
The page you were looking for doesn't exist.You may have mistyped the address or the page may have moved.By proceeding, you agree to our Terms & Conditions and our ...
Biden decides not to enforce looming tiktok ban — leaving chinese app’s fate up to trump as he returns to white housePresident Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, accord...
The jolie-pitts support the saints!Waving hello to photographers, BRAD PITT and son MADDOX CHIVAN, 8 ½, caught a ride to their skybox at Super Bowl XLIV, h...
Latests News
Bonds concept wins city's approvalThe Glendale City Council this week endorsed the concept of issuing tax-exempt bonds to pay for streets, utilities and o...
The aarp minute: december 2, 2021Memorial Day Sale! Join AARP for just $11 per year with a 5-year membership Join now and get a FREE gift. Expires 6/4 G...
How many of these thoughts came to your mind the moment pm modi announced his speech this evening? - scoopwhoopPM Modi is going to address nation at 6 PM today, and as usual no one has any idea what the speech is going to be about....
A quick guide to winter rose pruningLia Leendertz 03 November 2017 1:00pm GMT The pruning of roses is one of the most satisfying jobs of the year: that comp...
Australia’s brisbane to enter three-day lockdown after uk covid-19 variant caseAustralia’s Brisbane to enter three-day lockdown after UK COVID-19 variant case | WTVB | 1590 AM · 95.5 FM | The Voice o...