Rainbow approves CFD with Pardee Homes for Meadowood

A community facilities district will cover initial Rainbow Municipal Water District expenses for Pardee Homes’ Meadowood development.

Rainbow’s board voted 4-0, Tuesday, Oct. 27, with Helene Brazier unable to participate in the meeting, to authorize the California Statewide Communities Development Authority to form a Community Facilities District for the Meadowood area. The board action also approved a Joint Community Facilities Agreement with the terms and conditions for the CFD financing, authorized Rainbow staff to collaborate with the CSCDA and its consultants for matters involving the CFD...