Establish Economic Recovery Zone to qualify for federal development bonds
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Resolution 77-09
In Plain English
The city creates a special zone that qualifies it to issue federal Recovery Zone bonds. These bonds help finance economic development and facility projects at lower interest rates. If approved, the city gains access to additional funding tools for future development projects.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Community Discussion
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