Goleta Puts Off Bond Issue

Thu Oct 18, 2007 | 06:00am

Recent bond market fluctuations inspired City of Goleta Finance Director Alvertina Rivera to delay issuing $17.5 million in Redevelopment Agency bonds meant to fund major projects-especially the San Jose Creek capacity expansion to prevent downtown from flooding. Waiting out the market correction is expected to save the agency between $300,000 and $1 million.

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