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RUSD authorizes CFD 40 bond issuance, estimates roughly $28M sale
Riverside Unified Board of Education · April 18, 2025
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Summary
The board unanimously authorized issuing special tax bonds for CFD 40; advisors projected about $28 million in gross sale proceeds (roughly $25 million net of costs) and a guaranteed minimum mitigation payment to the district of $6.94 million.
The Riverside Unified Board of Education unanimously approved a resolution authorizing the issuance and sale of special tax bonds for Community Facilities District 40 (CFD 40).
Jason Chung of the district’s municipal finance advisors outlined the financing plan and market context,…
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