Coastside County Water to Raise $8M with Water Revenue Certificates of Participation (COPs) to Finance Carter Hill 2.1M Gallon Prestressed Concrete Tank and Seismic Upgrades Project

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VIDEO. From the Coastside County Water District (CCWD) Director’s meeting on Tuesday, December 10th, 2024, at 7:00pm, as a hybrid meeting. Agenda. Staff Report.

Excerpt from Staff Report: Estimated Finance Charges
As required by Government Code Section 5852.1, good-faith estimates provide transparency and accountability in public financing. These estimates ensure that Board members, stakeholders, and the public have clear and accurate information about the financial implications of the proposed debt. The true interest cost of the COPs is estimated at 3.78%. Total financing charges (costs of issuance plus Underwriter’s discount) are estimated to be $300,000. Net proceeds available will be $8 million, with a total payment obligation over the entire life of the COPs of $11.82 million.

The debt service features predictable annual payments of $590,000 to ensure budget stability.

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More on Carter Hill Tanks on Coastside Buzz

More on the Coastside County Water District on Coastside Buzz


Coastside County Water District Board Meetings (CCWD) ~ 2nd Tuesday @ 7:00pm

Watch remotely. Comments and questions by email.

From left to right: General Manager, Mary Rogren, Attorney Patrick Miyaki, Director Glenn Reynolds, President Chris Michelsen, Ken Coverdell, John Muller and Bob Feldman
From left to right: General Manager, Mary Rogren, Attorney Patrick Miyaki, Director Glenn Reynolds, President Chris Michelsen, Ken Coverdell, John Muller and Bob Feldman

CALL AHEAD. Board meetings can be rescheduled.  Get on their email list to be notified of meeting changes. please sign up here.

CCWD Meeting Agendas

Regular meetings of the CCWD Board of Directors are held once each month on the second Tuesday. Regular meetings commence at 7:00 p.m. and are held in the District Office located at 766 Main Street, Half Moon Bay.

The date, time and place of a regular meeting may be changed by the Board of Directors in specific cases by a motion duly passed at a meeting duly called and held. Public notice shall be posted of any such change in the date, time or place of a regular meeting.

Posting Locations for the Agendas of the Regular / Special Board Meetings:

  • CCWD Office (Front Door)
  • City of Half Moon Bay Bulletin Board
  • Half Moon Bay Library
  • CCWD Website

If you would like to receive the monthly CCWD Board Meeting Agendas by e-mail, please sign up here.

Board of Directors

Chris Mickelsen, President  (Zone 2)
member since November 2001, term ends November 2026
email: [email protected]

Glenn Reynolds, Vice President  (Zone 1)
member since November 2011, term ends November 2024
email: [email protected]

Ken Coverdell, Director  (Zone 3)
member since May 1992, term ends November 2024
email: [email protected]

Bob Feldman, Director  (Zone 5)
member since April 2016, term ends November 2026
email: [email protected]

John Muller, Director  (Zone 4)
member since December 2020, term ends November 2024
email: [email protected]

Click for the Interactive Election Zone Map; see what zone your address is in.

Final (approved) 2020 Election Zone Map for Coastside County Water District

Coastside Buzz
Author: Coastside Buzz

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