FINANCIAL_SERVICESAPPROVED

City of San Bernardino Municipal Water Department Awards Financial Services Contract to California Municipal Finance Authority (August 2026)

The San Bernardino Municipal Water Department Water Board approved financing actions involving the California Municipal Finance Authority for the 2026 Water Revenue Refunding Bonds, estimated at $35.9 million, to refund the outstanding 2016 bonds and achieve multi-million dollar savings. The resolution covers the Preliminary Official Statement, Escrow Deposit and Trust Agreement, Indenture of Trust, and Bond Purchase Contract, with semiannual interest payments beginning February 1, 2027.

Status
APPROVED
Document date
August 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
California Municipal Finance Authority
Agency
City of San Bernardino Municipal Water Department · CA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $65,000,000 (2016 issuance); approximately $35,900,000 (2026 refunding bonds)
Contract type
FINANCIAL_SERVICES
Contract term
Interest payable semiannually beginning February 1, 2027; same final maturity as 2016 Water Revenue Bonds
Renewal
2016 bonds were originally authorized in August 2016 through CMFA with a not-to-exceed amount of $65 million. The 2016 bonds became callable on or after August 1, 2026, enabling the 2026 refunding issue which will carry the same final maturity as the 2016 bonds.
Document type
AgendaPacket
Source document
City of San Bernardino Municipal Water Department Agenda Packet 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of San Bernardino Municipal Water Department?

California Municipal Finance Authority was awarded this financial services contract by City of San Bernardino Municipal Water Department, as recorded on August 11, 2026. The contract value is Not to exceed $65,000,000 (2016 issuance); approximately $35,900,000 (2026 refunding bonds).

How much is the California Municipal Finance Authority contract with City of San Bernardino Municipal Water Department worth?

The California Municipal Finance Authority contract with City of San Bernardino Municipal Water Department is valued at Not to exceed $65,000,000 (2016 issuance); approximately $35,900,000 (2026 refunding bonds), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of San Bernardino Municipal Water Department Agenda Packet 2026-08-11 (AgendaPacket), dated August 11, 2026 from City of San Bernardino Municipal Water Department. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Municipal Finance Authority hold?

California Municipal Finance Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View California Municipal Finance Authority's profile

What is City of San Bernardino Municipal Water Department currently buying?

Explore City of San Bernardino Municipal Water Department's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of San Bernardino Municipal Water Department's profile

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