The Bell Community Redevelopment Agency has unanimously approved the sale of $6 million in short-term tax allocation notes to underwriter Smith Barney, the second largest investment banking firm in the nation, to finance public improvement projects.
The bonds were issued to finance a variety of public improvements, like upgrading the municipal water system, streets and sewers, which will support the Bell Redevelopment Project Area, according to Byron Woosley, chief administrative officer for the city.
