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Valley Center council authorizes sale of bonds and temporary notes to fund development projects
Summary
The Valley Center City Council approved Resolution 80826 to authorize temporary-note financing and bond issuance to fund infrastructure for several benefit districts and to finalize permanent financing for a prior TIF project; the council approved the measure by voice vote.
The Valley Center City Council voted to authorize the sale of general-obligation bonds and temporary notes to finance infrastructure for several development benefit districts and to move toward permanent financing of a prior tax-increment financing (TIF) project.
Clayton Kelly, a financial adviser with Piper Sandler, told the council the resolution authorizes temporary-note financing for projects such as Amber Ridge (Trails),…
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