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Indio council approves refunding for Terre Lago CFD to cut homeowner special-tax costs
Summary
The city adopted Resolution 10532 authorizing the issuance of 2026 special tax refunding bonds for Community Facilities District 2004-3 (Terre Lago), a move officials said will reduce annual special-tax costs for homeowners and yield multi-year savings backed by a Standard & Poor's 'A' rating.
The City of Indio on a unanimous vote approved a resolution to refund outstanding special-tax bonds for Terre Lago Community Facilities District 2004-3, aiming to reduce homeowners' special-tax burdens beginning in fiscal 2026–27.
Ruby Walla, the city's director of finance, introduced a project team and said the item seeks council approval to authorize issuance of 2026 special tax refunding bonds for the Terre Lago improvement area. Municipal advisor…
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