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 San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. San Diego's economy centers on tourism, trade, agriculture, ship-building, the military, biotechnology, computer science and electronics.
Mountains rise to the east of the city, and beyond the mountains are desert areas. Cleveland National Forest is a half-hour drive from downtown San Diego. Numerous farms are found in the valleys northeast of the city. The city of San Diego itself has deep canyons separating its mesas, creating small pockets of natural parkland scattered throughout the city. (Information provided by Wikipedia .)
If you are looking at visiting, San Diego certainly offers the best to its visitors.
Whether you are looking at relocating, visiting this awesome city, or enjoying your community, Connecting San Diego is here to aid in locating all the area has to offer! |
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MAYOR ANNOUNCES $103 MILLION BOND FUNDING TO ADDRESS DEFERRED MAINTENANCE |
FOR IMMEDIATE RELEASE March 19, 2009
MAYOR ANNOUNCES $103 MILLION BOND FUNDING TO ADDRESS DEFERRED MAINTENANCE
Street, Facilities Projects Will Put San Diegans to Work
Mayor Jerry Sanders today announced pricing has been set on a $103 million private bond funding to address long-deferred maintenance on city streets, storm drains and public facilities such as fire stations, libraries and park facilities.
“I’ve made repairing crumbling infrastructure in our communities a top priority because it’s a priority for San Diegans,” said Sanders. “This financing will allow us to continue to address a backlog of needed capital repairs, and it has the added benefit of providing jobs for San Diegans in these tough economic times.”
Funds from the financing have been allocated as follows:
• Street resurfacing (78 miles) – $54.37 million
• Sidewalk repair (2,316 projects) – $9.55 million
• Storm drain replacement/repair – $13.9 million
• Facilities maintenance/repair – $24.8 million
The financing, which will net construction proceeds of $102.7 million, was conducted as a private placement with Bank of America. The 10-year lease revenue bond obligation, authorized by the City Council last spring, has an interest rate of 3.89 percent through June 1, 2010. This rate compares favorably with a 10-year publicly issued debt offering.
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MAYOR CONTINUES PUSH TO CUT FORECLOSURES |
FOR IMMEDIATE RELEASE March 10, 2009
MAYOR CONTINUES PUSH TO CUT FORECLOSURES
Mayor to Implement Recommendations of Committee on Foreclosures and Neighborhood Stabilization
San Diego Mayor Jerry Sanders has accepted the final recommendations developed by his Committee on Foreclosures and Neighborhood Stabilization. The Mayor intends to implement the Committee’s recommendations as part of his continuing push to cut down on the impact of foreclosures in San Diego.
“Far too many San Diego families have watched the dream of home ownership become a nightmare of financial turmoil,” said the Mayor. “My goal in creating the Committee was to find ways to prevent and slow the rate of home foreclosures and defaults in our City,” he said. “I am grateful for the work they’ve done and will be working hard myself to implement their recommendations.
FORECLOSURE FACTS FOR SAN DIEGO
• Foreclosures in San Diego County increased by 133 percent over the previous year.
• Home values have gone down as the number of vacant foreclosed properties has increased.
• Left unmonitored, vacant properties can create blight in our neighborhoods.
• Many families facing foreclosures do not get the financial counseling they need.
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