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Supervisor Campos introduces bill to ease parking‑garage bond requirement for compliant operators
Summary
Supervisor Campos introduced legislation to lower the treasurer's bond requirement for parking‑garage operators that have complied with state and local laws and met tax obligations for three years, aiming to ease a hurdle for small operators.
Supervisor Campos introduced an ordinance on Oct. 30 proposing lower bond requirements for parking‑garage operators that have a proven compliance record with tax obligations and laws.
“Since these bonding rates were passed, the financial crisis has made it quite difficult for certain operators to get a large line of credit without actually owning significant assets,” Campos told the board. He said existing bonding levels — which currently…
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