LA HABRA
Council members and the board of directors of the Redevelopment Agency approved a $7.7-million bond issue that would finance the La Habra Boulevard redevelopment project.
City staff prepared a report that stated that the agency has the capacity to issue $6.7 million of tax-allocation bonds that would yield $6 million for the La Habra Boulevard project.
However, Councilman G. Steve Simonian suggested upping the figure to $7.7 million so, after deducting all costs, it could yield $7 million for the project. Three other council members agreed and the bond issue passed 4 to 1, with Councilman John C. Holmberg opposing it.
The La Habra Boulevard improvement project will encompass an area from Harbor Boulevard to Beach Boulevard and will include the installation of new medians, landscaping, drainage improvements, paving, signage, sidewalk replacement and development of off-street parking.
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