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San Fernando Valley : TEED UP

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The Los Angeles City Council gave a preliminary go-ahead for the use of special financing to help a private developer build a business park, residential development and 18-hole golf course in Sylmar.

The council voted Tuesday to allow the developer of the so-called Silver Oaks project near the intersection of the Golden State and Foothill freeways to conduct studies needed to set up a special assessment district.

The 262-acre project--once known as the Sunset Farms Business Park--calls for the construction of 1.9 million square feet of office space, a golf course, a clubhouse and 46 single-family homes on rural, vacant land off Foothill Boulevard.

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Although the project was approved in 1990, the recession has put construction on hold. Barring any hitches, the golf course is expected to be completed in early 1997.

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