EVMWD increases bond amount for Horsethief CFD

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The Elsinore Valley Municipal Water District approved an increase in the bonded indebtedness amount for the Horsethief Community Facilities District. A 5-0 EVMWD board vote Sept. 23 revised the boundary maps for two of the improvement areas, revised the rate and method of apportionment for the special tax for those two areas, increased the authorized indebtedness for Improvement Area No. 4A from $8,100,000 to $16,000,000, and extended the term of the tax for Improvement Area No. 4B from 2064-65 to 2069-70. Because an ordinance authorizing the levy of special taxes requires a second reading and adoption, that is scheduled to occur Oct. 14. The creation of a community facilities district allows bonds for infrastructure to be repaid through assessments on property (these are sometimes k
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