The Successor Agency to the El Monte Community Redevelopment Agency, established in El Monte, California, was created to manage the assets and obligations of the former redevelopment agency following the dissolution of redevelopment agencies in the state. The agency focuses on revitalizing the community, enhancing economic development, and promoting sustainable growth through various initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| EMNDEV 4.38% 2047-09-01 USDSuccessor Agency to the El Monte Community Redevelopment Agency | United States | 2047-09-01 | 4.375 | 5.60 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the agency has actively issued bonds to finance significant redevelopment projects aimed at improving infrastructure and public services in El Monte. A notable bond issuance occurred in 2015, which raised $15 million to fund urban renewal efforts. Currently, the agency's bonds yield around 4.5%, competitive within the local government bond market, and feature unique provisions allowing for early redemption under specified conditions, reflecting their commitment to providing flexible financial solutions for the community's needs.