Rincon Point Sewer Project

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October 16, 2009: This news comes a little late as many of you may have already seen this, but Carpinteria Sanitary District posted a document in August regarding the final design of the sewer system. You can read the article here: http://www.carpsan.com/publicinfo/s2s/final_design.pdf

Update from Craig Murray (Carp. Sanitary District) 3/3/2009:

The assessment bonds were sold on Thursday, February 26, 2009 as scheduled. The sale was successful and retail demand, which included orders from local individual investors, resulted in favorable downward pressure on the bond interest rates. The true interest cost of the bonds, which is akin to the APR on a consumer loan, will be 6.7%. The transaction is expected to close on March 12, 2009 and the proceeds will be transferred to the project account on that day. Completion of this funding process is a major step towards project implementation. The District will be receiving proposals from engineering consulting firms in March and will begin the final design and permitting phase shortly thereafter.

The bond is expected to go on sale the week of February 23, 2009.

More info on bond sale from Craig Murray, P.E., General Manager of Caprinteria Sanitary District: "As you may know, the muni bond market has been somewhat volatile. We have seen market improvement since Dec and we are hoping rates go down further between now and when they sell. Tentatively this is set for 2/26 but we will have flexibility if need be. The amount of buyer interest that is generated in the next week and a half may work to lower rates also. On our last finance team call, comparable issues seemed to suggest the market was around 7.25%."

Stone & Youngberg bond sale information.

Links:

Carpinteria Sanitary District

COMMENTS

Doug de Firmian

Hopefully there is sewer hookup of the existing two bathrooms at Rincon to the new sewer connection? There weren't any a few months ago and this would be the time to do it while permitting and all is going on. The new bathrooms at the Cove (K) needs water to wash hands and sewer hookup as it will be so close...they are pretty gross. Upper lot has water, but the leech lines run toward the creek...bad idea. If the two hookups aren't in the plans, then let's put them there! Aloha - Doug de Firmian

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Craig Murray

The State of California Parks Department and the County of Santa Barbara Parks Department, who own and operate the public restroom facilities at Rincon Point, were made aware of the current project to provide public sewers to the Rincon Point residential community. Both agencies were notified during the environmental review process and the County of Santa Barbara has been involved in the planning process for many years. Neither the State or the County has indicated an interest in participating the current project and have not informed the Carpinteria Sanitary District of a future intent to connect.

The wastewater infrastructure being constructed will be sized to accomodate some future connections. However, because the current project is being paid for by homeowners within the Rincon Point community, future users, such as the County or the State, will be required to pay a pro-rated share of the original construction cost which will be refunded to the property owners. Future users will also be requried to pay for any necessary capacity upgrades (e.g. larger pumps). The environmental review, engineering design and permitting processes would also have to be undertaken before any proposed future connection could move forward.

While your concerns are clearly understood, it is suggested that you contact the State Parks Department and the County Parks Department and communicate your request directly.

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