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Beaumont council approves 2025B bond issuance and steps to form Fairway Canyon CFDs for infrastructure and services
Summary
Council approved the issuance of 2025B bonds to fund improvement areas in CFD 2023‑1 (Fairway Canyon) and adopted resolutions of intention to form three coordinated CFDs (facilities, public safety services, maintenance) for Fairway Canyon 4C; proposed bond sizing is approximately $2M (Improvement Area 1) and $7M (Area 2).
Beaumont — The City Council on Nov. 4 approved a financing structure to issue Local Agency Reserve (2025B) bonds for Improvement Areas 1 and 2 of Community Facilities District (CFD) 2023‑1 (Fairway Canyon) and adopted resolutions of intention to form three coordinated CFDs to finance facilities, public-safety services, and maintenance services for the Fairway Canyon 4C project.
Municipal adviser and bond counsel described a pooled issuance through the Beaumont Public Improvement…
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