EVMWD declares intention to form Lakeside Estates, Echo Ridge CFDs

Public hearings for the formation of two community facilities districts will be part of the Elsinore Valley Municipal Water District’s March 24 board meeting.One hearing will likely establish a community facilities district for the Lake Elsinore Lakeside Estates development. The other hearing will likely approve a CFD for the Echo Ridge project. Separate 5-0 EVMWD board votes Feb. 10 adopted for each proposed CFD a resolution which declared the intention to establish a CFD, set a March 24 hearing date and adopted a resolution to incur bonded indebtedness.A community facilities district allows bonds for infrastructure to be repaid through assessments on property (these are sometimes known as Mello-Roos taxes due to the state legislators who wrote the option for services on new d
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