Bond Refinancing Saves Water District $4.5 Million by Wendy Strack - City News Group, Inc.
View Upcoming Events View Your Local Sales

Community Calendar

◄ OCTOBER ►
S M T W T F S
30 31 01 02 03 04 05
06 07 08 09 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 01 02 03
View Events
Submit Events
directory

Bond Refinancing Saves Water District $4.5 Million

By Wendy Strack, Community Writer
January 25, 2017 at 11:34am. Views: 112

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.

Related Articles

Photo Courtesy of: City News Group

By Ruby Steohenson, Community Writer

September 30, 2026 at 11:54am. Views: 44

Families across the Inland Empire celebrate the arrival of fall with pumpkins, costumes and community festivals, as October brings a full calendar of seasonal activities throughout San Bernardino and Riverside counties.

Photo Courtesy of: City News Group

By Amanda Spencer, Community Writer

September 30, 2026 at 09:09am. Views: 165

The City of Grand Terrace tackles rodent control maintenance by supporting its natural nighttime rodent hunters with tiny homes. Learn how the city is giving nature a chance to help.

Photo Courtesy of: City News Group

By Amanda Spencer, Community Writer

September 29, 2026 at 10:08am. Views: 379

One of the largest car shows in the Inland Empire, Rendezvous Back to Route 66, returns on October 10. Located in the heart of San Bernardino, the event brings the community together to enjoy local vendors, live entertainment, activities for all ages, and more than 1,000 classic cars.

Photo Courtesy of: City News Group

By Ruby Stephenson, Community Writer

September 29, 2026 at 10:08am. Views: 267

Golfers gathering for a day on the course. The Loma Linda Chamber of Commerce’s 36th Annual Golf Tournament is scheduled for October 21.

Photo Courtesy of: grandterrace-ca.gov/government/elected_officials/city_council

By Margie Miller, Publisher, Community Writer

September 30, 2026 at 09:09am. Views: 170

Councilman Doug Wilson, serving Grand Terrace and seeking another term in the November 2026 election, read more about him and his values.

Photo Courtesy of: https://www.electshorett.com

By Ruby Stephenson, Community Writer

September 30, 2026 at 09:09am. Views: 186

Councilman Fred Shorett, serving San Bernardino's Fourth Ward since 2009 and is seeking another term in the November 2026 election, read more about him and his values.

Photo Courtesy of: AI-generated by ChatGPT.

By Amanda Spencer, Community Writer

September 29, 2026 at 10:13am. Views: 347

The San Bernardino Symphony Orchestra celebrates its founding in style with a Roaring Twenties-themed gala fundraiser on October 17 at 5p.m. The orchestra invites supporters to celebrate the community, music, and legacy it has built over nearly a century.

Photo Courtesy of: AI-generated by ChatGPT.

By Stella Pierce, Community Writer

September 29, 2026 at 10:08am. Views: 263

a business luncheon focused on cybersecurity. The Loma Linda Chamber of Commerce has scheduled its cybersecurity awareness luncheon for October 7.

Photo Courtesy of: County of San Bernardino

By Ruby Stephenson, Community Writer

September 28, 2026 at 12:31pm. Views: 453

Glen Helen Rehabilitation Center re opens. The facility had been closed since August 2024 for renovations and improvements.

Photo Courtesy of: AI-generated by ChatGPT.

By William Cortez, Community Writer

September 28, 2026 at 12:31pm. Views: 619

As powerful surf eats away at the shoreline, crews race to place sandbags ahead of a potentially severe El Niño storm season. AI-generated illustration; does not depict a specific location or event.

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

September 28, 2026 at 12:32pm. Views: 442

Jacob Matthew Willis proudly represents Grand Terrace High School as this week’s Athlete of the Week, showcasing his dedication both on the football field and in the classroom.

Photo Courtesy of: Baker Family

By Baker Family, Community Writer

September 23, 2026 at 08:17am. Views: 837

Wendell C Baker of Grand Terrace, California was born in Wichita Falls, Texas and raised in Texas and California. After graduating

--> -->