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
Similar Discussions
5 related items found by meaning
Support spending federal recovery funds on American-made products and services
Support new Targeted Employment Area for Richmond Enterprise Zone
Declare intent to reimburse city for capital projects using bond money
Declare intent to issue bonds for energy conservation projects
Authorize city departments to apply for federal stimulus funding
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