$20-Million City Bond Plan Gets Panel’s OK
A $20-million bond proposal for city projects received a key approval this week from the city’s Redevelopment Agency.
The City Council, acting as the agency board, voted 4 to 1 to proceed with the bond plan. Final approval will be considered during upcoming public hearings. Financial consultants continue to study how the bonds would be issued and how much interest the agency would pay.
The bonds would be used to expand the library and police station, to improve Hillcrest Park and for street repairs.
“I think these projects are extremely important to the quality of life in Fullerton,” Mayor Don Bankhead said.
Some residents agreed with Bankhead but others urged the panel to let voters decide the matter.
Councilman Chris Norby, who cast the lone dissenting vote said: “Philosophically, I can’t support the incurrence of public debt without a vote of the people.”
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