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The Community Paper of Record
Vol. 55, No. 21
Serving the San Gabriel Valley Since 1966
October 17, 2018
City of El Monte Walks to End Domestic Violence by Staff Writer El Monte
According to the Domestic Violence Awareness Project, one in four women and one in seven men have been the victims of severe physical violence from a partner in their lifetime and even more shockingly, one in five children are exposed to domestic violence each year with 90% of these children witnessing the violence themselves. The facts, statistics and survivor stories are appalling, inexcusable, and unacceptable. The City of El Monte and local community leaders will continue supporting families and survivors of domestic violence by declaring October as Domestic Violence Awareness month. In support of Domestic Violence Awareness month, the City of El Monte and Councilwoman Victoria Martinez will host the 3rd Annual Walk to End Domestic Violence on Thursday, October 25th. The event will feature a moment of reflection and testimonials. Participants will also have access to a local resource fair featuring information on counseling, supportive housing and 24-
hour hotlines. Following the opening remarks and testimonials, Councilmember Victoria Martinez will lead a onemile walk around the City Hall perimeter and will call attention to the women, men and children affected by domestic violence. Taking place throughout October as a part of the Domestic Violence Awareness Project, headed by the National Resource Center on Domestic Violence, this campaign is a national, recognized in law event with a range of activities conducted at local, state and national level. Originally founded by the National Coalition Against Domestic Violence, the campaign has three themes that have remained the same since the campaigns conception in 1981. Participants who present a $10 donation or gift card will receive an event t-shirt. Event t-shirts are now available at the Information Desk at City Hall. All proceeds support SPIRITT Family Services, an organization that provides a range of programs promoting the advancement of mental and emotional well-being of communities in El Monte and South El Monte.
Courtesy Photo by D. Johnson, MVMC
El Monte Secures A Rating during Water Bond Refunding – Saves Millions by Staff Writer El Monte
The City of El Monte is happy to have received an A- rating with a stable financial outlook, securing alltime low interest rates to refinance outstanding bonds and fund crucial capital improvements. The pivotal action resulted in $2.3 million in savings to residents throughout the life of the financing. For months, the City Council and staff worked tirelessly to introduce the City’s Water Enterprise Fund to the rating agencies. The City’s efforts to improve operations over the years and commitment to financial stability helped secure the top rating from Standard & Poor. With a strong credit rating in hand, the City generated strong support from investors by sharing the fundamental credit strengths of its Water Enterprise Fund. Through aggressive marketing efforts, the City successfully secured credit approvals from a diverse group of investors that included some of the largest bond funds in the country as well as retail investors based in California and nationally.
Investor support along with strong credit rating yielded a low interest cost of 3.62% for a 30-year borrowing. This strong performance produced the $2.3 million in savings to residents throughout the life of the
ture improvement projects, such as replacing aging water pipelines and upgrading a water well, efforts which are part of the City’s larger commitment to ensure that all residents have access to affordable, safe
its community personalized service, uncompromising commitment, and individualized accountability. For information on the City of El Monte, please call 626-580-2001 or visit www.elmonteca.gov.
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financing. The bond refinancing and savings from the transaction will provide necessary funding for infrastruc-
and reliable drinking water. The City of El Monte is committed to improving the quality of life for its citizens and strives to provide
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