Saturday, June 30, 2007

Arden Arcade Funding Deadline Announcement

Deadline for LAFCO looms
Published 12:00 am PDT Saturday, June 30, 2007

Arden Arcade incorporation advocates are expected to make their first payment of about $33,000 to the Local Agency Formation Commission early next week.

Peter Brundage, LAFCO's executive director, said he is expecting payment by Monday. LAFCO is an intergovernmental agency overseeing the incorporation process.

Proponents are expected to contribute about $200,000 for a comprehensive fiscal analysis and environmental impact report. The studies are estimated to cost $300,000. LAFCO has agreed to provide up to $100,000. Missing the payment deadlines would delay the studies, Brundage said.

Proponents plan to place the question on the November 2008 ballot.

-- Chelsea Phua