water_replenishment_district_of_southern_californi.pdf
Vernon Repays Well Construction Loan to WRD
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Description
The City of Vernon continues quarterly repayment of its well construction loan under WRD’s program to stabilize groundwater capacity in the basin.
Contract Details
Contract Amount
$2 million loan balance (repayment ongoing)
Vendor
CITY OF VERNON
Agency
Water Replenishment District of Southern California, CA
Contract Type
FINANCIAL_SERVICES
Document Date
January 1, 2026
Contract Term
Ongoing, quarterly payments
Renewal Info
Ongoing until loan maturity; zero percent interest loan for 10-year term is standard for this WRD program.
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approvedVernon Independent School District Board of Trustees Meeting Minutes October 2025
TABLEDIssuing Agency
Water Replenishment District of Southern California
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