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Bond Refinancing Saves Water District $4.5 Million

Photo Courtesy of: Pixabay

West Valley Water District announced that ratepayers will save money through 2032.

By Wendy Strack, Community Writer
January 25, 2017 at 11:34am. Views: 86

SAN BERNARDINO>> In September 2016, the West Valley Water District undertook an effort to realize savings on outstanding bond debt by taking advantage of historically low interest rates. The effort was recently finalized and will save WVWD ratepayers $4,566,034 through 2032. “It has long been a priority of the Board of Directors to ensure the ratepayers are getting the best value for their money," said WVWD Board President Dr. Clifford O. Young, Sr. "Refinancing these bonds will save more than $4.5 million, funds that can now be used to deliver water to our customers rather than paying additional interest.” The original 2006D-2 Bonds totaled $23,880,000 and were set to mature in 2032, with an interest rate of 4.49 percent. The newly refinanced bonds begin with an interest rate of 1.05 percent, rising to 3.4 percent in 2032. West Valley Water District serves the communities of Bloomington, Colton, Fontana, Rialto and parts of an unincorporated area in San Bernardino and a segment of the Jurupa Valley in Riverside County.

Class of 2026

Photo Courtesy of: City of Moreno Valley

By Ulises Cabrera, Community Writer

June 4, 2026 at 02:04pm. Views: 191

Across Moreno Valley, students are reaching a milestone that represents years of dedication, growth, and perseverance. To the Class of 2026, this moment belongs to you, and it’s one worth celebrating.

BLESSED TO BE ALIVE AT 95!!!

Photo Courtesy of: The Petersen Kids

By The Petersen Kids, Community Writer

June 4, 2026 at 07:55am. Views: 145

Niel “Pete” Petersen Turns 95 this weekend. B.Y.O.B, Bring Your Own Bible. Pete has long been a cherished and prominent member of the Grand Terrace community. He has also shared his insights and experiences as a contributing writer for City News Group, helping inform and inspire local readers. A man of deep faith, Pete is an active member of both Colton Christian Church and Centerpoint Church. As he celebrates his 95th birthday, the community joins together in honoring a life marked by compassion, service, and an unwavering commitment to helping others.

Chamber Luncheons Continue Bringing Local Leaders and Businesses Together

Photo Courtesy of: City News Group AI-generated Image

By Stella Pierce, Community Writer

May 13, 2026 at 01:38pm. Views: 1341

Business professionals and community leaders attend a luncheon networking event featuring guest speakers and local updates.

GTHS Athlete of the Week: Brenden Muir

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

May 13, 2026 at 01:38pm. Views: 1122

Brenden Muir proudly represents Titan Baseball with dedication, leadership, and passion both on and off the field.

Rising Teen Driver Truly Adams Emerging as a Driver to Watch in 2026 Season

Photo Courtesy of: Truly Adams

By Justus Baker-Postell, Community Writer

May 13, 2026 at 01:38pm. Views: 1500

Truly “The Truth” Adams secures a second-place podium finish at NOLA Motorsports Park during the opening rounds of the 2026 Ligier Junior Formula Championship.

The Black Culture Foundation Awards Alisha James a Black Rose

Photo Courtesy of: Alisha James

By Carl M. Dameron , Contributing Writer

May 13, 2026 at 01:38pm. Views: 1297

PHOTO CAPTION: “This means so much to me because I love my students and the population I serve,” said Black Rose Award Winner Alisha James, Senior High Teacher at San Bernardino City Unified School District (SBCUSD).

IF IT DON'T MAKE DOLLARS IT DON'T MAKE SENSE

Photo Courtesy of: City News group AI Generated Image

By The Opinion of Vivian Johnson, Community Writer

June 3, 2026 at 12:04pm. Views: 285

Budget priorities can influence how communities support economic development, business licensing, and local entrepreneurship. This AI-generated illustration represents the connection between city financial planning and small business growth.