Alameda County Water District (ACWD) announced the sale of $45M in bonds. ACWD has a AAA bond rating Standard & Poors.
According to the announcement, a portion of the proceeds will be use for infrastructure projects including:
• Seismic reliability projects, which will help to minimize water service disruptions in the event of an earthquake.
• Fire flow projects, which will help to improve fire protection services in the Tri-City area.
• Water supply reliability projects, which will help to ensure an uninterrupted flow of water to Tri-City residents and businesses.
• Water quality projects, which will help to maintain the high quality of the Tri-City’s water supply.
The district will further save $7M in finance charges through the refinancing of existing debt.
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