SIGNAL HILL : City Council OKs $12-Million Bond
A $12-million bond issue to help the Redevelopment Agency create more sales tax revenue for the city and provide additional affordable housing has been approved by the City Council.
The agency plans to use $4.5 million of the bond proceeds to attract more businesses to the Town Center project, $4 million to expand the auto mall and $3.5 million to provide affordable housing.
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