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COMMUNITY NEWS / Covering Orange County's 33 Cities

Garden Grove

November 17, 2000|Tami Min, (714) 520-2509

City Council members voted Tuesday to postpone a public hearing on C&D Aerospace Co.'s application to participate in a state bond program.

The company would need a resolution of support from the city to help finance the purchase of manufacturing equipment for $777,000 through tax-exempt industrial revenue bonds.

The bonds are issued by the California Statewide Community Development Authority, a public joint powers authority, of which Garden Grove became a member in 1998. The city's role would be to act as a conduit between the state program and the local company receiving the bonds. There is no financial impact or obligation on the city.

C&D is a large, local manufacturing company that makes overhead compartments for major airlines.

The hearing was postponed to Nov. 28.

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