MWSD Saves Property Owners Over $400K By Refinancing the Bonds That Bought the Montara Water System

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From Montara Sewer and Water District General Manager, Clemens Heldmaier:

  • The gross savings is a little over $419,000
  • The outstanding debt was refinanced from an annual interest of 2.40% to a new rate of 1.14%
  • The new loan maintains the same final payment date of August 1, 2028
  • MWSD will save almost $420,000 for property owners via reduced General Obligation Bond property tax assessments

History

The Montara Water & Sanitary District, formed in 1958 as a public agency, is responsible for maintaining approximately twenty-five miles of sewer line and thirteen pump stations. The sewage is pumped through a large intertie pipeline under Highway 1 to the sewage treatment plant located in Half Moon Bay.

In addition, the District manages the solid waste franchise with Recology of the Coast, which collects all trash and disposes of it properly in the landfill located near Half Moon Bay, as well as recycles the material placed in the recycling bins by each household.

In 1992, the District, through special State legislation, was granted the powers of a county water district. This was done in an effort to improve the water supply and service provided by the private water company serving the area then known as Citizens Utilities Company of California.

August 1, 2003, the district acquired and began operating the water system.

General Obligation Bond Refinancing Presentation by Montara Sewer and Water District (MSWD), Clemens Heldmaier, the 11/5/2020 Meeting.

 

Montara Sewer and Water District board member, Ric Lohman, summarizes and recommends refinancing at this time due to low interest rates at the Sewer Authority Mid-Coastside (SAM) Board Meeting 11/9/2020.

SAM is a joint-power with MSWD and GCSD (Granada Community Services District)

 

 


Montara Sanitary and Water District (MSWD) Meetings 1st & 3rd Thursdays

Watch remotely. Comments and questions by email.

Agendas and Zoom Live Meeting Links

If you experience technical difficulties or have technical questions prior to or during the meeting, please contact MWSD’s IT support at (650) 728-7843.

Meeting Videos

 


Meeting Schedule:

Regular meetings are 7:30pm on the first and third Thursday of each month. They used to held at the District office at 8888 Cabrillo Hwy, next to Pt Montara Lighthouse and Hostel.

To receive agendas by email, send a request to [email protected]

In addition to email, we post agendas before each board meeting:

  • On the District website here
  • Montara post office
  • Moss Beach post office
  • the bulletin board in front of the MWSD office

 


Who is on the Board of Directors?

DIRECTOR TERM
Kathryn Slater-Carter — President Term 2016-2020
Jim Harvey — President Pro Tem Term 2018-2022
Ric Lohman — Secretary Term 2018-2022
Peter Dekker — Treasurer Term 2019-2020
Scott Boyd — Director Term 2016-2020

 


Services

Sewer Authority Mid-Coastside (SAM) – MWSD is a member of SAM, the agency that collects and cleans our Coastside community’s wastewater before it enters the ocean. SAM meets monthly on the 4th Monday at 7:30pm. Jim Harvey and Scott Boyd presently serve as SAM board members.

Recology of the Coast – MWSD has contracted with Recology of the Coast for trash pickup, recycling, and waste hauling.

Visit County Solid Waste Department for more information about recycling, composting, etc.

 


In an Emergency

Water Emergencies: Call MWSD at (650) 728-3545

Sewer Emergencies: Call SAM at (650) 726-0124

For emergencies that affect life, health or safety:  Dial 911

 


Contact Us

  • 8888 Cabrillo Hwy
    Montara, California 94037
  • Office Hours:
    8:30AM to 5PM Mon-Fri
  • (650) 728-3545
  • [email protected]

Note: Public participation is not permitted during closed session discussion items.

 

MSWD General Manager Clemens Heldmaier showing a creek filtration system.

Coastside Buzz
Author: Coastside Buzz

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