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CMFA Administers Tesoro Highlands CFD Bonds
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Description
California Municipal Financing Authority is administering Community Facilities District bonds totaling about $51.5 million to fund public facilities for the Tesoro Highlands project. An initial $23.5 million was issued in December 2024, with roughly $28 million more expected in a future issuance.
Contract Details
Contract Amount
Approximately $51.5 million in projected CFD bond proceeds
Vendor
CALIFORNIA MUNICIPAL FINANCING AUTHORITY CMFA
Agency
Devils Den Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Renewal Info
Future additional bond issuance of approximately $28 million is anticipated under the existing CFD structure; no explicit renewal date provided.
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