ARRA Recovery Zone Bonds Issued for Frank-Lin Project in Fairfield
The San Francisco Bay Area city of Fairfield reports that it has closed its bond financing for the Frank-Lin Distillers Products Ltd. construction project.
The city worked through the California Enterprise Development Authority (CEDA) to issue a $22-million, tax-exempt Recovery Zone Facility Bond. Proceeds of this bond were used to finance the construction of a $34-million, 288,000-sq-ft building on 15 acres in the Tolenas Industrial Park.