Board Leadership Transition: The Board voted to reorganize its leadership structure, electing Director Seger as President (3-2 vote) and Director Kovalick as Vice President (3-2 vote), replacing President Tiernan and Vice President Shaw. This leadership change came after discussion about ensuring the board reflects current member priorities, with emphasis placed on financial expertise and institutional knowledge given the District's ongoing projects.
Water Infrastructure Financing Approved: The Board approved Resolution 2025-18 authorizing the sale of Water Revenue Certificates of Participation (Green Bonds) in a principal amount not to exceed $6,000,000 to finance critical infrastructure improvements including emergency generators using carbon-neutral fuels, solar arrays at Reservoir R2/R3 (projected to generate 600,000 kWh annually), a renewable diesel tank system, and seismic upgrades to the District's 5-million-gallon steel reservoir. The Board reduced the maximum interest rate cap from the recommended 4.5% to 4.0%, with final pricing expected in late January 2026.
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