The devastating fire season of 2020 had an impact on many special districts in California. Beaumont-Cherry Valley Recreation and Park District in Riverside County was no exception. The Apple Fire and El Dorado Fire in nearby San Bernardino County raged in and around their park in Cherry Valley, leaving burn scars that put both the park and the community downstream at risk of damage from potential debris flows.
Repairs to mitigate this risk were crucial, but the unexpected cost was not readily available in the district’s budget. General Manager Duane Burk contacted the CSDA Finance Corporation (CSDAFC) for funds to make the necessary repairs and minimize risk of damage from future runoff. The CSDAFC consultants from Municipal Finance Corporation arranged a 5-year loan at 2.95% without any points or fees. Now the district is well prepared for future rainstorms and able to complete several other projects as well.
General Manager Burk was grateful for the CSDAFC efforts on behalf of the district. “Words do not describe how thankful we are to work with people who care. Your entire team was extremely helpful during the funding process.”
The CSDA Finance Corporation is here to help. Our expert consultants can find financing solutions for a wide variety of district needs. Visit www.csdafinance.net for more information or to request a rate quote today.