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La Verne approves bond package and multiple budget amendments
Summary
The La Verne Board of Mayor and Aldermen voted to approve initial and authorizing resolutions for up to $25 million in general obligation bonds and up to $20 million in water and sewer bonds and adopted several budget amendments at its Aug. 7 meeting.
The La Verne Board of Mayor and Aldermen on Aug. 7 approved a package of bond resolutions authorizing up to $25 million in general obligation bonds and up to $20 million in water and sewer revenue and tax bonds, and adopted multiple budget amendments. The votes came during the board’s regular meeting after routine departmental reports.
The board approved Resolution 2025-18, described in the meeting as an “initial resolution authorizing the issuance of not to exceed $25,000,000 general obligation bonds.” The board later…
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