Yerba Valley Annexation water system improvements and financing
Lakeside Water DistrictCalifornia- Detected
- Jun 18, 2026
- 142 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Lakeside Water District is moving forward with financing and construction of water system additions and improvements to serve 17 parcels in the Yerba Valley Annexation Area, with an estimated project budget of about 1.8 million. The Board reviewed a detailed funding strategy, compared Mello-Roos CFD debt to a District-wide water revenue financing, and is pursuing a 30‑year, tax‑exempt public sale secured by District net water revenues, reimbursed by special taxes from the CFD.
Resolution 26‑06 declares the District’s official intent to reimburse itself for capital and preliminary expenditures from up to 2.5 million of future certificates of participation issued through CSDA Finance Corporation, with anticipated financing closing in February 2027. This creates a defined but still-forming scope for design, engineering, construction, and related project-management, as well as future needs around rate modeling, disclosure, and investor reporting. Vendors in engineering, construction, program management, and financial/technical support can engage now around detailed design, constructability, phasing to meet the October 2026 completion target, and aligning project delivery with the planned debt schedule and CFD reimbursement mechanics.
District is choosing a negotiated public sale for 30‑year water‑revenue COPs, with future debt service reimbursed by CFD special taxes; USDA declined full project financing and private placement terms were too short.
From the meeting
- Meeting date
- June 18, 2026
- Agency
- Lakeside Water District
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