70°

San Diego
Weather

Voluntary Secondary Market Disclosure of Outstanding Direct Loans to the City of San Diego Water System

The Water Utility Fund of the City of San Diego has various funding agreements with the California Department of Public Health as administrator for Drinking Water State Revolving Fund (“SRF”) Loans. The Drinking Water SRF Loans are long-term obligations utilized to fund various water system construction projects under the 1996 Amendments to the Safe Drinking Water Act. The subject agreements and related amendments for each loan are provided with this filing.

The City is voluntarily filing this information on the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (“EMMA”) system. The City is not required, pursuant to any continuing disclosure undertaking, to file this information and makes no commitment to update this information.

The provision of this information to EMMA is not intended as an offer to sell any security, and the City does not intend that the subject loans involve the offering to the public of any security of the City. No representation is made as to whether this information is material or important with respect to any particular outstanding debt issue of the City or whether other events have occurred with respect to the City or its outstanding debt that might be material or important to owners of the City’s outstanding debt.

Water System SRF Loans as of the date of this filing:

Loan Name Date of Execution Maturity Original Amount1 (000s) Balance Outstanding at 6/30/2016
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego (Alvarado) Project Number 3710020-028
(Alvarado Water Treatment Plant Project)
2010 2031 $12,000 $9,759
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego (Otay I) Project Number 3710021-059C
(Otay Water Treatment Plant Project)
2011 2032 $18,000 $15,079
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego (Miramar) Project Number 3710020-030C
(Miramar Water Treatment Plant Project)
2011 2031 $20,000 $16,263
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego Project Number: 3710020-064C (Harbor Drive)
(Harbor Drive Pipeline Replacement Project)
2012 2036 $11,571 $9,509
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego Project Number: 3710020-065C (Lindbergh Field)
(Lindbergh Field Pipeline Replacement Project)
2012 2036 $5,978 $3,106
PDF icon Funding Agreement between State of California Department of Public Health and City of San Diego Project Number: 3710020-066C
(University Ave Pipeline Replacement Project)
2014 2037 $15,300 $5,366 

1 Original Amount per Agreement or subsequent Amendment.

 

You must have Javascript enabled to use this form.