...Sale Information: $39,485,000 Revenue Bonds, Series of 2017A (Tax-Exempt) and $2,540,000 Refunding Revenue Bonds, Series of 2017B (Taxable) via negotiated sale on or around Nov. 16. Security: The bonds are issued by the Rancho California Water District Financing Authority (the authority) and are payable from installment payments made by the Rancho California Water District (the district) from net revenues of the district's water and sewer system (the system), including ad valorem taxes and assessments. The district's obligation to make installment payments is absolute and unconditional as governed by the installment purchase agreement between the district and the authority. The series 2010A, 2011A, 2016A, 2016B, 2016C, 2017A and 2017B bonds do not have debt service reserve funds. Purpose: Approximately $2.3 million of the series of 2017A bonds will be used to provide funds to construct and acquire various capital improvements to the district's water delivery facilities. Approximately $44.6...
