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San Gabriel Valley Digest

Duarte : $12.2 Million in Bonds Sold

November 07, 1985

The city has sold $12.2 million in new bonds in anticipation of proposed federal restrictions on tax-exempt bonds that would take effect Jan. 1. The city will use $4 million to pay off existing short-term notes due in 1989. The three separate redevelopment bond packages include two for various projects on Huntington Drive and one for the Rancho Duarte housing project.

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