EVMWD creates Horsethief CFD

The Elsinore Valley Municipal Water District approved the creation of the Horsethief Community Facilities District. Various 5-0 EVMWD board voted Thursday, Jan. 14, approved the resolution of formation for the CFD, approved the results of the election and approved the first reading of the ordinance to levy special taxes. Up to $57,750,000 of bonds will be issued for the CFD. Four property owners in the Horsethief Canyon area will be building a combined 1,174 new residential units. In 2016, the EVMWD board approved a development agreement to expand the Horsethief Water Reclamation Facility. That expansion will be fully funded by the developers, and during the process of the 2016 agreement, the developers also requested the formation of a community facilities district to help fund the
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