City’s strong credit, bond ratings affirmed by Standard and Poor’s
Thanks to Mission Viejo’s strong reserves and low debt, Standard and Poor’s today affirmed the City’s issuer credit rating of AAA and its AA+ long-term rating on outstanding lease revenue bonds issued by the City and Mission Viejo Community Development Financing Authority. Standard and Poor’s decision was based on the City’s “very strong income and [...]
Public hearing March 4 will address Housing Element Update
The City Council on March 4 will host a public hearing to consider an update to the Housing Element of the City’s General Plan. The Housing Element identifies the City’s housing conditions, needs and establishes the goals, objectives and policies that are the foundation of Mission Viejo’s housing and growth strategy. The Housing Element recommends [...]
Mission Viejo’s 2012 Annual Report now online
The City’s annual report is now available online, offering a progress report and summary of Mission Viejo’s services and operations for the past year. The 2012 annual report features facts and figures and detailed information about projects, events, services and relevant information that impacts the community. The report focuses on areas such as Police Services, [...]
City will receive $100,000 in grant funds to benefit senior transportation programs
The City will receive $100,000 in grant funding from the Orange County Transportation Authority (OCTA) for senior citizen transportation, under a contract Mission Viejo entered into last week. The move will save the City more than $40,000 a year – funds that could serve other senior programs – and nearly double its current Dial A [...]
Resident shares tips for embracing Mission Viejo’s Green Building Code
As the City of Mission Viejo continues to encourage homeowners to go “greener” through programs and education, some residents like Jan Shomaker are embracing the process while also saving money. Jan and her husband purchased their home, which was built in 1979, eight years ago. The house had been carefully maintained with original features by [...]
City Council takes action on State’s efforts to take further monies from the City
The City Council of the City of Mission Viejo took action today to authorize the City Attorney to commence legal actions intended to slow down the State’s efforts to take further monies from the City. This action stems from recent legislation, AB 1484, which was passed as part of the State’s budget adoption in late [...]
Former Mission Viejo director feted by finance industry
Irwin Bornstein, who led Mission Viejo’s financial ship for over two decades, was recently feted by the California Municipal Finance Officers (CSMFO) association. Irwin served as Assistant City Manager/Director of Administrative Services and retired last June after 23 years of service to the City of Mission Viejo. He recently received the CSMFO Distinguished Service Award, [...]
Commercial Building Permit Fee Program will save businesses money
The City Council on Monday gave the green light to a new program designed to help stimulate the local economy by saving businesses money on commercial building permits. The Commercial Building Permit Fee Program includes a 25 percent discount to commercial permit fees for the period from Feb. 1, 2012 to July 31, 2012. The [...]
New City program saves homeowners over $22K in its first month
Since the City launched the new “Improve Don’t Move” program last month, it has already saved homeowners more than $22,000 in helping them to improve their most valuable assets. So far, the City has processed 131 projects with a total fee waiver of $22,752.52. The “Improve Don’t Move” program, brought forth by Mayor Frank Ury, [...]
Council will consider refunding bonds to provide tax savings to local businesses
The City Council on October 3 will consider refinancing the Mission Viejo “Freeway Center” bonds to save the center’s property owners about 10 percent on their tax bill. The City issued $4.95 million of Special Tax Bonds in 1992 to provide funds to build a storm drain for La Paz Channel, which made the later [...]
