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Bio Research Institute Moving to Monrovia | City Gets Better Bond Rating | Library Program for At-Risk Teens | Etc.


From City Manager Oliver Chi's weekly report:

- City of Hope's Beckman Research Institute is moving to Monrovia and will lease the entire 139,644 square feet at the current Xerox building at 1214 South 5th. Chi says this "lends credence to our belief that Monrovia can serve as a biotechnology and advanced research hub."

- Standard and Poor's, the bond-rating agency, has boosted Monrovia's bond rating of BBB+ (lower medium grade investment rating) to "A," which means a lower interest rate if the city to borrow money. This makes Monrovia bonds upper-medium grade. S&P's rating system, by the way, goes up to AAA, so A is good but not quite as awesome as it sounds.

- The Monrovia Library has received a grant from the American Library Association to host a reading and discussion program for at-risk teens from January 2016 to April 2016. The teens will discuss The Hunger Games by Suzanne Collins, Feed by M.T. Anderson, and March: Book One by John Lewis, Andrew Aydin and Nate Powell.

- The city has been distributing yard signs to Monrovia households with low water-usage landscaping.

- The city is planning to redesign its website. (Comment: Add an RSS feed.)

- Brad Haugaard

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