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Council approves TEFRA bond for hospital expansion, CDBG consolidated plan and Auto Plaza BID assessment
Summary
At its July 15 meeting the council approved a TEFRA hearing for a tax‑exempt bond to finance a hospital expansion, adopted the five‑year CDBG consolidated plan and confirmed the Auto Plaza BID annual assessment; votes and key details are summarized below.
The West Covina City Council on July 15 approved several items by formal vote: authorization for a tax‑exempt bond hearing tied to a hospital expansion, adoption of the city’s five‑year Community Development Block Grant consolidated plan (program year 2025–2029) and confirmation of the West Covina Auto Plaza Business Improvement District annual assessment.
TEFRA bond for hospital expansion The council conducted a TEFRA hearing and approved a resolution supporting the issuance of tax‑exempt revenue bonds by the California Statewide Community Development Authority (CSCDA) for the benefit of M and A Health. Staff said bonds will not obligate the city financially and that no more…
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