YORBA LINDA
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Bonds for the city’s golf course are expected to go on sale Oct. 26, officials said Thursday. The City Council recently approved issuance of the tax allocation bonds, which are backed by redevelopment funds. The money will pay for the construction and opening costs of the $18.3-million Black Gold Municipal Golf Course.
The bonds will probably carry a 6.3% interest rate, city officials said.
Residents interested in getting more information on buying the bonds can call the city’s underwriting firm, Stone & Youngberg LLC, at (800) 992-2121.
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