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VOL. 58, ISSUE 16
City Hall bonds to be refinanced
POWAY DIGEST Poway council candidates forum
BY EMILY SORENSEN
Hear what the four Poway City Council candidates have to say about city issues at a forum 7 p.m. Thursday, Sept. 27 at the Poway Senior Center, 13094 Civic Center Drive. The forum, sponsored by the Poway Democratic Club, will be moderated by the League of Women Voters. The public is invited to attend and submit questions. More details at www. PowayDemocraticClub.org.
The City Council on Tuesday night agreed to proceed with the refinancing of the city’s 2003 Certificates of Participation (COPs), which financed the building of City Hall and the City Council building. The COPs, which unlike the Capital Appreciation Bonds (CABs) that have been in the news recently, are “serialized coupon bonds,” meaning the city makes interest payments on a regular and rhythmic basis, rather than waiting for an extended period of time for interest to More council news accrue and then paying it off over 20 - 40 on Page 14. years. COPs, according to Tim Schaefer of Magis Advisors, who spoke at the meeting last night, generally trade at lower interest rates than CABs. In 2003, the City of Poway borrowed $17,655,000 for the City Office Building Project, with a term of 30 years to be paid in full in 2033. Thanks to a call feature, the COPs are eligible for refinancing every 10 years, with the first time
Chamber mixer Bellus Academy, 13266 Poway Road, hosts the Poway Chamber Mixer 5:30 to 7:30 p.m. Thursday, Sept. 27. Cost is $5 for members, $15 prospective members. RSVP online at www.poway. com.
SO PRETTY — Nola Moore checks out her new hairstyle during Sunday’s Poway Days Festival, a street fair held on Midland Road and sponsored by the Poway Chamber of Commerce. The event celebrated the 50th anniversary of Poway Days. More photos and details on upcoming Poway Days events can be found on Page 3. Photo by Beverley Brooks
SEE BONDS, Page 16
RB residents’ efforts honor Tuskegee Airmen
or Current Resident
Presorted Standard US Postage PAID San Diego CA Permit No. 2551
BY ELIZABETH MARIE HIMCHAK
13475 Danielson St. #110 Poway, CA 92064
16776 Bernardo Center Dr., Ste. 203, San Diego, CA 92128
The Tuskegee Airmen will be getting their first stretch of a California roadway dedicated to them due to efforts by two Rancho Bernardans. The California legislature has unanimously agreed to designate the three-mile stretch of Interstate 15 between Miramar and Mercy roads “Tuskegee Airmen Highway.” It is near MCAS Miramar, an appropriate location said those involved. State Sen. Joel Anderson said he took up the
cause after meeting Oscar Teel at the Rancho Bernardo Historical Society’s annual pancake breakfast on Memorial weekend in 2011. Teel, along with fellow Rancho Bernardan Jeffrey Woodson, are members of Gen. Benjamin O. Davis Jr. Tuskegee Airmen chapter in San Diego. It is open to former Tuskegee Airmen and those who want to honor them and educate others about the group’s heroic role in World War II. Teel said many he meets say they were un- Efforts by Rancho Bernardans Jeffrey Woodson, left, and Oscar SEE TUSKEGEE, Page 16 Teel led to Tuskegee Airmen designation on Interstate 15.
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