Oceanside City Council made a move last week to pursue $300 million in funding for sewer infrastructure projects. They are tied to the decommissioning of the La Salina Waste Water Treatment Plant.
The city plans to decommission the aging plant and consolidate sewer flows to the San Luis Rey Water Reclamation Facility. According to a staff report, seven infrastructure projects are needed to support the change, including a sewer main replacement on Mission Avenue and upgrades at the Oceanside Mesa Garrison Lift Station near the former Garrison Elementary School site.
Documenter Maya Flores was there when the City Council unanimously approved reimbursing up to $300 million for these projects.
So where will the money come from?
Oceanside Financial Services Director Jill Moya says the city is pursuing grants, loans and potential tax-exempt financing, like bonds. The city can also use its available sewer funds now and repay funds later if financing is secured, she said.
The staff report states the city wants “the most cost-effective manner to minimize the need for rate increases,” though it will need to take on debt for future years when capital spending exceeds available funds. The city’s strategy to pay back debt would include balancing “costs between existing and future ratepayers.”
— Written by Brisa Karow, Documenter and freelance reporter