Issuance of Refunding Tax Allocation Bonds

Summary

SCH Number
2016098293
Lead Agency
Stanton, City of (City of Stanton)
Document Title
Issuance of Refunding Tax Allocation Bonds
Document Type
NOE - Notice of Exemption
Received

Document Description
When the Stanton Redevelopment Agency was dissolved there were five series of tax allocation bonds previously issued and outstanding. The Dissolution Act permits successor agencies to refinance outstanding bonds or other obligations of a former redevelopment agency under certain circumstances. If approved, the resoluction would authorize the refunding several series of outstanding bonds issued by the former agency, with an expected total savings of $18.5 million over 24 years.

Contact Information
Cynthia Burgos
City of Stanton
7800 Katella Avenue
Stanton, CA 90680

714 890-4234

Location

Cities
Stanton
Counties
Orange
Regions
City-Wide

Notice of Exemption

Exempt Status
Other
Type, Section or Code
15378, 15060c(2), 15060c(3)
Reasons for Exemption
The activity will no result in a direct or reasonably foreseeable indirect physical change in the environment and the activity is not a project as defined in Section 15378 or the CEQA Guidelines.
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