EVMWD approves CFD amendment for Westlake

0
63

The Elsinore Valley Municipal Water District board approved an amendment to the Joint Community Facilities Agreement for Pardee Homes’ Westlake development.

The 4-0 vote Thursday, Sept. 10, with Harvey Ryan not able to participate in the vote, amended an August 2019 agreement between Pardee Homes, the water district and the city of Lake Elsinore to add a new water transmission line for the project.

Pardee Homes is developing 163 single-family homes near the intersection of Grand Avenue and Riverside Drive. The Aug. 22, 2019, EVMWD board meeting approved the original Joint Community Facilities Agreement. The creation of 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 created the option for services on new development to be funded by an annual assessment. An assessment must be approved by a majority of property owners, although a developer who owns a project before it is subdivided can cast the sole vote in favor of a community facilities district.

The community facilities district may finance water and sewer facilities included in the district’s sewer capacity and connection fees which are paid to acquire capacity into the existing system. Expansion, modification, rehabilitation or other improvements to existing facilities are also allowed to be funded by the community facilities district including engineering, planning, design and construction management costs as well as the construction expense itself.

The August 2019 agreement called for 1,650 feet of an 8-inch water transmission line on Grand Avenue east of Machado Street. The amendment added approximately 800 feet of an 8-inch water transmission line on Riverside Drive from Grand Avenue to Laguna Avenue.

Joe Naiman can be reached by email at jnaiman@reedermedia.com.