CITY BUYS RMV LANDThe City Council, meeting in a second closed session that stretched past 1 a.m., announced early Tuesday that $27.5 million from the open-space bond approved by voters in November will be used to buy 132 acres of Rancho Mission Viejo property at La Pata and Antonio Parkway. The land will be used for equestrian events, sports fields and the annual rodeo. The property will be called the Rancho Mission Viejo Riding Park at San Juan Capistrano. There were more details announced, which will be posted on The Dispatch web site in the morning.This seems entirely logical. They spent all the money they had left!