Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves bond issuance for Fallon Crest CFD 2022‑1; bonds expected to be non‑rated
Summary
Chino approved resolutions authorizing issuance of bonds for CFD 2022‑1 (Fallon Crest) with estimated issue size ~$12.4M and a projected true interest cost near 5.19%; council approved unanimously.
The City Council on July 8 approved resolutions authorizing the issuance of bonds for Community Facilities District (CFD) No. 2022‑1, Fallon Crest, a district formed as part of the Preserve Specific Plan. Finance staff and municipal advisor John White described the proposed structure and investor considerations for the non‑rated new money bond issue.
Project details: CFD 2022‑1 covers a planned development of 197 single‑family…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
