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Supervisors authorize financing for EDCO upgrades

The San Diego County Board of Supervisors authorized the issuance of tax-exempt bonds to EDCO Disposal Corporation.

A 4-0 vote Sept. 10, with Jim Desmond absent, approved a resolution authorizing the California Enterprise Development Authority to issue up to $63,500,000 of revenue bonds for EDCO. The maximum authorized amount includes $16,000,000 for the EDCO facility in the 400 block of West Aviation Road.

The California Enterprise Development Authority is a joint powers authority which issues private activity bonds for the purpose of economic and community development.

The CEDA finances educ...

 

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