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Redevelopment Commission outlines Honda Economic Development Area finances, bond and school payments
Summary
Redevelopment Commission member Don presented a handout showing the Honda Economic Development Area, bond payments for infrastructure, capital outlays to local schools and committed projects including road paving and ball diamond work; commission reported about $3.5 million in debt account balance.
A Redevelopment Commission member presented a financial update on the Honda Economic Development Area and related redevelopment accounts, detailing recent income, expenditures and upcoming commitments.
The presenter said the Honda Economic Development Area was established in February 2006 for a 30-year term, which runs through February 2036. He said the commission’s excess-tax income for February 2024 was about $4.6 million and that approximately $3.3 million had been…
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