![]() 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. 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. 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. This organization is dedicated to maintaining a reliable source of high-quality drinking waters that meet or exceed state standards but also strives towards making sustainability efforts by regularly holding workshops on how to conserve resources within their service area all while continuing effortless collaborations through educational material on advanced treatment technologies.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. ![]() Yes! We participate in two Energy Savings Programs which offer rebates on energy efficient lighting products such as LED bulbs as well as significant savings on qualifying cooling equipment among other items when customers install these products in their homes or businesses.Īll in all, SMWD stands for Santa Margarita Water District – a public agency tasked with providing clean drinking water among other services such as pipe maintenance and infrastructure improvement within its boundary areas in Orange County California. SMWD truly plays an important role in protecting public health by ensuring safe drinking water supplies are available to residents throughout Orange County. Beyond providing clean drinking water to residents within their service area they also oversee major infrastructure projects such as wastewater collection system upgrades, stormwater management improvements, reclaimed/ recycled water programs for agricultural use or turf irrigation as well as critical drought resilience projects throughout the region. They are also responsible for managing nearly 300 miles of aging pipeline systems which connect cities with treated surface or groundwater sources. The Santa Margarita Water District oversees the development, maintenance, protection, and operation of the county’s principal sources of potable and recycled water including rivers, reservoirs, aqueducts, wells and other systems used to support safe drinking water supplies. As part of their mission, SMWD holds regular workshops on how to conserve water, participates in collaborations between agencies within their service area, and provides educational presentations on new treatment technologies and other topics related to safe and reliable drinking water. The mission of the district is “to create a reliable source of high-quality water for our customers while supporting sustainable growth for our communities”. It is a public agency created in 1933 by the California Legislature to provide drinking water and recycled water services within its boundaries in Orange County, California. SMWD stands for Santa Margarita Water District.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |