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Council approves TEFRA hearing resolution for Eminent Health revenue bonds
Summary
The Glendora City Council held a TEFRA public hearing and adopted a resolution approving issuance of California Statewide Community Development Authority revenue bonds up to $90 million for Eminent Health projects in Glendora; council vote 5-0.
The Glendora City Council on June 24 opened and closed a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing and adopted a resolution approving the issuance of revenue bonds by the California Statewide Community Development Authority (CSCDA) for Eminent Health.
The action will permit CSCDA to issue up to $90,000,000 in revenue bonds to finance and/or refinance capital improvements for three projects in Glendora, including renovating an office building for administrative services, converting a building into a pediatric and OBGYN medical clinic, and…
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