FINANCIAL_SERVICESDISCUSSSED

SCV Water Agency Special Board Meeting Agenda Packet May 2026

Board Considers JCFA with BLC Tesoro for Tesoro Highlands

Approximately $19.5 million in SCVWA facilities; $3.25 million additional direct contributions; CFD bond proceeds estimated $16.1 million toward SCVWA facilitiesDevils Den Water DistrictBLC TESOROMay 9, 2026

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Description

SCV Water’s May 12, 2026 special meeting includes consideration of a Joint Community Facilities Agreement with BLC Tesoro for the Tesoro Highlands development. Under the proposal, CFD bonds would finance about $19.5 million in Agency water facilities, with additional direct contributions of roughly $3.25 million from the developer, subject to future Board action.

Contract Details

Contract Amount

Approximately $19.5 million in SCVWA facilities; $3.25 million additional direct contributions; CFD bond proceeds estimated $16.1 million toward SCVWA facilities

Vendor

BLC TESORO

Agency

Devils Den Water District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 9, 2026

Renewal Info

This would be a new JCFA related to a previously considered but not approved 2021 proposal; no existing JCFA with BLC Tesoro is currently active.

Issuing Agency