A Community Facilities District exists for the planned Reserve development in French Valley. On February 15 the Eastern Municipal Water District board approved the issuance of bonds to finance EMWD infrastructure in that CFD.The 4-0 EMWD board vote, with Randy Record absent, adopted a resolution of issuance which authorizes the issuance of up to $6,000,000 in bonds while also approving the bond purchase agreement, the continuing disclosure certificate, and the preliminary official statement.A community facilities district includes a special tax (sometimes known as Mello-Roos taxes due to the state legislators who authored the option for services on new development to be funded by an annual assessment) to fund the services and/or infrastructure. A Joint Communities Facilities Agreem
