Rainbow joins CSCDA

The Rainbow Municipal Water District board approved the entry of Rainbow into the California Statewide Communities Development Authority (CSCDA).

Rainbow's board voted 3-1 Dec. 6, with Helene Brazier in opposition and Rich Bigley absent, to join the joint powers agency. Rainbow's participation in the CSCDA will allow the planned Horse Creek Ridge project to utilize a Community Facilities District (CFD) to provide tax-exempt financing for the development's water and wastewater infrastructure improvements.

A presentation at the Jan. 24 meeting on the possibility of a CFD was an information item...