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3rd City Panel Backs Quake Safety Bond Issue

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The Budget and Finance Committee on Tuesday became the third Los Angeles City Council panel to endorse placing a $376-million seismic safety bond issue on the June ballot.

Spurred by the devastating 7.1-magnitude Bay Area quake in October, Councilman Richard Alatorre proposed the bond measure as a way to ensure that 84 city buildings and 459 bridges would not crumble during a similar jolt.

The plan was endorsed last week by the Ad Hoc Buildings and Structures Earthquake Safety Committee and on Monday by the Rules and Election Committee.

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It is expected to be considered by the full council within two weeks. Approval of the plan in concept by mid-February is necessary to get the bond measure on the June ballot.

The bond issue must be approved by two-thirds of the voters and would cost the average homeowner an additional $30 a year in property taxes.

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