The Rancho California Water District will use bond financing to fund some of the district’s capital improvement projects, and on April 10, the RCWD board voted to approve the issuance of bonds.The 7-0 vote approved a resolution covering an installment purchase agreement, a bond purchase agreement, and a continuing disclosure agreement. The action also authorized other necessary actions related to the issuance of the Series 2025A revenue bonds. The resolution authorizes the issuance of up to $120,000,000 of bond indebtedness.The district’s five-year Capital Improvement Plan anticipates total spending of $137,089,800. Although the pay-as-you-go method for capital expenses would free up interest payments for other projects, bond debt for capital improvement projects translates int
