LOCAL VOTERS COULD FACE MORE BOND MEASURES.Byline: KERRY CAVANAUGH Staff Writer The City Council took another step Wednesday toward putting a pair of billion-dollar housing and street-paving bonds in the November election -- although some members raised concerns about an increasingly crowded ballot. The council unanimously asked the City Attorney's Office to draft the legal language needed to put both measures before voters. They must vote to submit the bond measures by Aug. 4. The $1 billion housing bond appeared to have strong support among the council members, and more than a dozen business leaders and housing advocates testified in favor of upon the side of; favorable to; for the advantage of. See also: favor the measure -- which would help develop housing for the homeless, low-income rentals and provide first-time homebuyers First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a assistance. But some city leaders signaled they might want to postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. the $1.5 billion street-paving bond until a later, less crowded election. Residents already face 13 statewide measures on the ballot. Councilmen Greig Smith Greig Smith is a Los Angeles City Councilman, representing the 12th District, which includes Granada Hills, Northridge and other parts of the Western San Fernando Valley. Smith is also a reserve officer for the Los Angeles Police Department. and Tony Cardenas Tony Cardenas served in the California State Assembly. In the Assembly, he had the powerful position of chair of the Budget Committee. He is now a Los Angeles City Councilman, representing the 6th district, which includes parts of the San Fernando Valley. proposed the bond so L.A. could repair an 80-year backlog in street repairs in eight years. The bond measure has been discussed for four years, and most council members agreed the bond is the best way to address the long list of potholed pot·hole n. 1. A hole or pit, especially one in a road surface. Also called chuckhole. 2. A deep round hole worn in rock by loose stones whirling in strong rapids or waterfalls. 3. Western U.S. and cracked streets. ``My personal opinion is we have to be very strategic in timing when we go out for this bond. Sometimes when you have a crowded state ballot, it might not be the best time to try to push a city bond,'' Board of Public Works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. Chairwoman Cynthia Ruiz told the council. If approved, the measures would join statewide measures on the ballot, including the $37 billion infrastructure measure aimed at transportation, school construction, affordable housing and flood control. The $1 billion housing bond would cost property owners around $15 per $100,000 assessed value over 20 years, or roughly $44 annually for a house valued at $300,000. The $1.5 billion street-paving bond would cost property owners an average of $20 per $100,000 assessed value over 20 years, or roughly $60 annually for a house valued at $300,000. kerry.cavanaugh(at)dailynews.com (213) 978-0390 |
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