Daily Archives: January 26, 2010

Impreial County Becomes Recovery Zone

By Mario Conde

The County Board of Supervisors approved a resolution designating Imperial County as Federal Recovery Zone in order to be eligible for Federal Funding.

With this action the County intends to apply for money from the American Recovery and Reinvestment Act of 2009 for the purpose of issuing Recovery Zone Facility Bonds and Recovery Zone Economic Development Bonds. The County intends to get these bonds that are tax-exempt bonds that may be used by private businesses or non-profit organizations to finance a broad range of projects.

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2010 Rib Cook-Off Pre-Sale Locations

Cleartalk:

  • Brawley – 118 Main Street
  • Calexico – 400 Emerson Avenue, suite 4
  • El Centro – 3451 South Dogwood Road
  • El Centro Mall – 3451 S Dogwood Road
  • Yuma – 464 East 16th Street
  • Driscoll’s Sports:
    • El Centro – 1470 W State Street # 3
    Hairport:
    • Imperial – 388 West Aten Road
    Imperial Valley Do It Centers:
    • Brawley – 415 W. Main Street
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    Leimgruber to Seek Re-election in District 5

    Imperial County District 5 Supervisor Wally Leimgruber has announced his intention to seek re-election.

    “The agenda of important Valley issues which need action remains full,” he said.  “My experience, research skills, and tenacity will assist in providing positive outcomes on those issues.”

    According to Leimgruber, those key issues include jobs, continued county fiscal responsibility, and keeping public lands accessible and clean.

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    A Historic Takedown CORPORATE CORRUPTION

    Money exchanging hands over illustration of globe

    Last week, 22 business executives and employees were arrested and charged with attempting to win a contract to sell a variety of military and law enforcement products—everything from body armor and bullet-proof vests to M4 carbine rifles, tear gas grenades, and armored vehicles—by bribing overseas officials.

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    Imperial Valley Supervisors to Vote on Making the Valley a Recovery Zone

    The county has to notify the state treasurer’s office by Sunday if it intends to become a recovery zone.

    RECOVERY ZONE BONDS – LOW COST FINANCING OPTIONS

    President Obama signed into law the “American Recovery and Reinvestment Tax Act of 2009″ (the “Recovery Act”) on February 17, 2009. The Recovery Act creates a new category of bonds called Recovery Zone Bonds which are broken into two types.Recovery Economic Development Bonds and Recovery Zone Facility Bonds. Recovery Zone Bonds are intended to stimulate economic recovery in .recovery zones.. The Recovery Act provides that Recovery Zone Bonds may only be issued until December 31, 2010.

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