Buena Park

Development Funds OKd:The city will issue $11 million in short-term allocation notes, similar to standard bonds, for redevelopment efforts in the central business district. The City Council, in its dual role as the city’s Redevelopment Agency, gave approval to the issuance of the notes, which must be repaid by 1988. Exact projects to be funded with the notes are unknown, said Felise Acosta, community development officer for the Redevelopment Agency, but some funds will go toward major street reconstruction, she said. In 1983, the Redevelopment Agency also approved issuing $4 million in allocation notes for redevelopment efforts.