Notice of Public Hearing

NOTICE OF PUBLIC HEARING
on the Issuance and Incurrence of Bonded Indebtedness and Other Debt for
LAKESIDE WATER DISTRICT
COMMUNITY FACILITIES DISTRICT NO. 2022-1
(YERBA VALLEY ANNEXATION AREA)

At a meeting held December 6, 2022, the Board of Directors (the “Board”) of Lakeside Water District (the “District”), an irrigation district organized under the provisions of California Water Code Section 20500 et seq., adopted its Resolution No. 2022-13, entitled “Resolution of the Board of Directors of Lakeside Water District Forming the ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’,” thereby causing the formation of the community facilities district (“CFD”) named therein, and its Resolution No. 2022-14, entitled “Resolution of the Board of Directors of Lakeside Water District Determining the Necessity to Incur Bonded Indebtedness and Other Debt for the ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’ ,” thereby determining the necessity to incur bonded indebtedness and other debt in the maximum aggregate principal amount of $2,500,000 upon the security of the special tax to be levied within the CFD pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”), Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing at Section 53311 of the California Government Code.

In order to finance the Project, as defined and described in the foregoing proceedings, the Board has authorized and caused the District to file an application (the “Application”) for federal financial assistance with the U.S. Department of Agriculture, Rural Development, Water and Waste Loan and Grant Program in the form of a loan to the District for the CFD in an aggregate principal amount not to exceed $2,500,000 (the “Loan”).

Accordingly, the Board hereby gives notice of a public hearing to be held by the Board Tuesday, January 9, 2024, at 5:30 pm Pacific time, or as soon as possible thereafter, in the office of the District at 10375 Vine Street, Lakeside, California 92040 (the “District Office”), to consider a resolution authorizing and approving the issuance and incurrence of bonded indebtedness and other debt under the Act and authorizing documents to be prepared with respect to the Loan.  Any other comments regarding these matters may be submitted to Brett Sanders at bretts@lakesidewater.org.

In compliance with the Americans with Disabilities Act, the District requests individuals who require alternative notice format or special accommodations to participate in this public meeting contact the Board Secretary, Brett Sanders at bretts@lakesidewater.org.  Requests for disability-related modifications or accommodations require different lead times and should be provided at least 72 hours in advance of a meeting.

Dated:  November 6, 2023

Signed:  Brett Sanders, Board Secretary

NOTICE OF PUBLIC HEARING
To File an Application with
U.S. Department of Agriculture, Rural Development,
Water and Waste Loan and Grant Program for a Loan for
LAKESIDE WATER DISTRICT
COMMUNITY FACILITIES DISTRICT NO. 2022-1
(YERBA VALLEY ANNEXATION AREA)

At a meeting held December 6, 2022, the Board of Directors (the “Board”) of Lakeside Water District (the “District”), an irrigation district organized under the provisions of California Water Code Section 20500 et seq., adopted its Resolution No. 2022-13, entitled “Resolution of the Board of Directors of Lakeside Water District Forming the ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’,” thereby causing the formation of the community facilities district (“CFD”) named therein, and its Resolution No. 2022-14, entitled “Resolution of the Board of Directors of Lakeside Water District Determining the Necessity to Incur Bonded Indebtedness and Other Debt for the ‘Lakeside Water District Community Facilities District No. 2022-1 (Yerba Valley Annexation Area)’ ,” thereby determining the necessity to incur bonded indebtedness and other debt in the maximum aggregate principal amount of $2,500,000 upon the security of the special tax to be levied within the CFD pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the “Act”), Chapter 2.5 of Part 1 of Division 2 of Title 5, commencing at Section 53311 of the California Government Code.

In order to finance the Project, as defined and described in the foregoing proceedings, the Board desires that the District file an application (the “Application”) for federal financial assistance with the U.S. Department of Agriculture, Rural Development, Water and Waste Loan and Grant Program in the form of a loan to the District for the CFD in an aggregate principal amount not to exceed $2,500,000 (the “Loan”).

Accordingly, the Board hereby gives notice that the District intends to file the Application for the Loan.  At a public meeting of the Board to be held Tuesday, January 9, 2024, at 5:30 pm Pacific time, or as soon as possible thereafter, in the office of the District at 10375 Vine Street, Lakeside, California 92040 (the “District Office”), the Board will hear any public comment in connection with the Application, the Loan and the Project, and thereupon the Board will consider authorizing the filing of the Application for the Loan.  Any other comments regarding these matters may be submitted to Brett Sanders at bretts@lakesidewater.org.

In compliance with the Americans with Disabilities Act, the District requests individuals who require alternative notice format or special accommodations to participate in this public meeting contact the Board Secretary, Brett Sanders at bretts@lakesidewater.org.  Requests for disability-related modifications or accommodations require different lead times and should be provided at least 72 hours in advance of a meeting.

Dated:  November 6, 2023

Signed:  Brett Sanders, Board Secretary