GARDEN GROVE
- Share via
City Council members voted Tuesday to postpone a public hearing on C&D; Aerospace Co.’s application to participate in a state bond program.
The company would need a resolution of support from the city to help finance the purchase of manufacturing equipment for $777,000 through tax-exempt industrial revenue bonds.
The bonds are issued by the California Statewide Community Development Authority, a public joint powers authority, of which Garden Grove became a member in 1998. The city’s role would be to act as a conduit between the state program and the local company receiving the bonds. There is no financial impact or obligation on the city.
C&D; is a large, local manufacturing company that makes overhead compartments for major airlines.
The hearing was postponed to Nov. 28.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
