Public hearing in Walnut on loan agreement


April 1st, 2013 by Ric Hanson

A public hearing will be held Thursday evening in Walnut over a proposed Loan Agreement in a principal amount not to exceed $1.06-million, for the purpose of paying the cost of refunding the outstanding balance of the City’s General Obligation Water Improvement Bond, series 2007, and Water Revenue Bond, Series 2007. The hearing takes place as part of the Walnut City Council meeting, which begins at 5-p.m., and will be followed by the possible adoption of the loan agreement.

The Walnut City Council will also discuss a possible Streetscape Enhancement project, and a request for Christmas Walk funds and Tourism funds. The Council will also act on a recommendation for Justen Tooley to serve a two-year term as Fire Chief, and discuss a budget amendment for the Fiscal Year 2012-2013 budget.