![]() ![]() Debt service payments (principal and interest) are established at the time the bond is sold and are collected through the County of Orange Treasurer-Tax Collector via property tax bills. SMWD has issued CFD Bonds for the communities of Talega (Improvement District 7) and Village of Sendero (Improvement District 4E). Community Facilities District BondsĪ Community Facility District (CFD) are formed for the purpose of financing acquisition and construction of new capital facilities. Annually, SMWD determines the necessary tax rates for each improvement district. ![]() General Obligation Bonds are issued for the development of specific facilities and are paid for by the area directly benefiting from the facilities. SMWD has issued General Obligation Bonds to fund the water and wastewater infrastructure for the various improvement districts. Property owners in certain improvement districts may be subject to special property taxes to repay either General Obligation Bonds or Community Facilities District Bonds. Each improvement district's infrastructure was funded by its own bonds, ensuring that residents of older neighborhoods would not have to pay for facilities in newly developing areas. The purpose of SMWD's improvement districts was to efficiently fund capital infrastructure in areas as they were developed, by issuing bonds and levying property taxes to repay the bonds. SMWD's service is divided into nine improvement districts, which correspond to specific geographic areas. It’s a celebration for everyone for understanding the need for public recreation and for stewarding open spaces in North County.Santa Margarita Water District (SMWD) is Orange County’s second-largest water district, providing water and wastewater treatment services to more than 203,000 residents in Mission Viejo, Rancho Santa Margarita, Rancho Trabuco, Coto de Caza, Las Flores, Ladera Ranch, Village of Esencia, Village of Sendero, Talega, and San Juan Capistrano. He said it will also honor the Fallbrook Public Utility District for not selling the property to a development firm or doing something else with the land but instead “really listening to the ratepayers and understanding the value of recreation in Fallbrook and their role in allowing it. “We’re going to have a celebration to recognize those folks in the community who have over the years been leads in stewarding this property when it didn’t have any kind of dedicated staff to do so and set it up for an opportunity to be protected forever,” Kantor-Anaya said. 12, an invitation-only celebration of the sale and the permanent preservation of the land is planned. And for Fallbrook it brings in all those thousands of people. “Even during the real hot days you can walk in shady areas, which is really nice. “People travel from all over to use our trails system,” Gebhart said. “At the time of the closing of escrow we will have 18 miles of deeded easements that will be recorded and we still will be responsible for maintaining the trails in a safe manner for the public,” said Donna Gebhart, the president of the trails council. ![]() The Fallbrook Trails Council will continue to maintain and oversee the trails after the purchase goes through and the ownership changes hands. Santa Margarita Water District is part of the Energy, Utilities & Waste industry, and located in California, United States. “It’s come a long way from the lawless area it used to be,” Kantor-Anaya said. Jeff McDonnell has been working as a Manager, Construction Engineering at Santa Margarita Water District for 11 years. Kantor-Anaya said over time the volunteer Fallbrook Trails Council was formed and about 20 years ago entered into an agreement with the utility district to oversee the property and create trails and rules to govern them. “For over 50 years, it’s been an open space that people would utilize.” “We believe that providing access to open spaces is vital to making sure that future generations know and love and care about the environment,” he said. The Fallbrook area is somewhat “park poor,” said Zach Kantor-Anaya, the south coast regional director for the conservancy who has been working on the purchase and creating a management plan for the preserve for the past two years. ![]() The Wildand Conservancy, which maintains the state’s largest nonprofit preserve system and emphasizes recreational use of conservation land, said the purchase makes perfect sense. The trails connect to other trails in adjacent and nearby protected areas along the river corridor. All that time, the property remained untouched and over the years an extensive trail system was created that annually attracts 60,000 to 80,000 hikers, horseback riders and bicyclists willing to ride through the sandy river bottom. ![]()
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