HomeMy WebLinkAbout10/3/2007 - STAFF REPORTS - 5.B.Community Redevelopment Agency
Potential Capital Improvement Priorities
Background
In September, 2007, the Community Redevelopment Agency issued Tax Allocation
Bonds to be used for capital projects. The total net bond proceeds are S20,400,000.
The Agency closed on the purchase of the sublease interest in a 9.52 acre parcel across
from the Convention Center. The cost of that acquisition was S7,807,427.
The net remaining bond proceeds are S 12,196,573.
Potential Capital Improvement Proiects
Animal Shelter
(estimated cost, not including land). Not to exceed: $5,000,000
Library Expansion/Renovation Contribution
by Agency to
be determined.
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