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Council approves CSCDA refunding for Wilder CFD to reduce homeowner special‑tax burden
Summary
Orinda approved a staff recommendation to cooperate with the California Statewide Communities Development Authority to refund Wilder Community Facilities District bonds; savings are estimated at about 8.4% present value and roughly $843,000 over the remaining life of the bonds.
The Orinda City Council unanimously approved staff recommendations on March 18 to cooperate with the California Statewide Communities Development Authority (CSCDA) in issuing special tax revenue refunding bonds for the Wilder Community Facilities District (CFD).
Staff summarized the history: in February 2007 the city…
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