California IN BRIEF : CAMARILLO : Vote Paves Way for Land Development
The Camarillo City Council approved creation of a tax district and sale of up to $31 million in bonds to pay for road and sewer improvements, taking a step toward major development on vacant land in the west end of the Ventura County city. The council voted 4 to 0 to form the district near Camarillo Airport, clearing the way for developments that city officials have already approved on about 600 acres. It was Camarillo’s largest planned borrowing for improvements since 1987, when the entire city treasury of $25 million was lost in high-risk trading ventures.
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