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Council authorizes $10.2M in expected bonds for Harbor Hill Ranch; several routine items adopted
Summary
The council authorized issuance of special tax bonds for Community Facilities District 2022-1 (Harbor Hill Ranch) with an authorization not-to-exceed $11 million and an expected par of about $10.2 million; the meeting also included adoption of the 2025 building code ordinance and several consent items.
The Lake Elsinore City Council authorized special tax bonds for Community Facilities District (CFD) 2022-1, Harbor Hill Ranch, approving documents needed to issue bonds to finance public improvements including storm drains, streets and water/sewer improvements performed by Elsinore Valley Water District.
Tom Jacobs of Stifel, the underwriter, told the council the resolution authorizes the preparation of the preliminary official statement, indenture, continuing disclosure certificate and…
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