Inland Valley Development, Calif., calls $65 million 4% bonds due 2041

By Marisa Wong

Madison, Wis., May 16 - The Inland Valley Development Agency of California gave notice that it will redeem in full its $65 million of 4% tax allocation bonds, 2011A, on June 4.

The bonds, which are due March 1, 2041, will be redeemed at par plus accrued interest to the redemption date.

The issuer is a joint powers authority comprised of the county of San Bernardino and the cities of San Bernardino, Colton and Loma Linda. The agency is in charge of redevelopment of the non-aviation portion of the former Norton Air Force Base.

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