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Board of Directors
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All
material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been veri ed.
Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All
measurements and square footage are approximate.
OLD OLD
S S
UST UST
J J
909 Sunnybrae Blvd., San Mateo 154 14th Avenue, San Mateo
3 Beds, 1 Bath, 1250 Sqft 4 Beds, 2.5 Baths, 2,010 Sqft
Sold for $1,250,000 Sold for $1,800,000
CONTACT SANIT TODAY FOR YOUR HOME BUYING/SELLING NEEDS AND TO LEARN MORE ABOUT OFF MARKET OR UPCOMING PROPERTIES.
e PILOT October 2019 Page 17
CReAtive finAnCing fOR SeweR infRAStRuCtuRe uPgRAde
will SAve RAtePAyeRS MilliOnS
Silicon Valley Clean Water (SVCW) will save ratepayers about $9.8 million as it moves forward with major
infrastructure repairs, including the Regional Environmental Sewer Conveyance Upgrade (RESCU), which is
estimated to cost nearly $500 million when completed. SVCW will finance infrastructure repairs using the least
costly methods available, including government loans, wastewater revenue bonds, grants, and available cash reserves.
Under the Clean Water Act of 1972, federal and state government provided the majority of funding for wastewater
treatment plant construction. Clean Water Grants accounted for $46.3 million of the $57.9 million that it took to
build the treatment plant, pump stations, and conveyance pipelines owned by SVCW today. at was 80% of the
total cost. As assets have aged, the absence of federal and state funding programs puts the burden of financing
repairs on local agencies and cities.
SVCW continually works to obtain the lowest-cost financing available. To date, they have secured the following
financing to fund the capital improvement program and ensure that public and environmental health goals are met:
• ree separate State Revolving Fund (SRF) loans for a combined $57 million
• Wastewater Revenue Bonds that generated $310 million in proceeds
• Grant funding worth $3 million
• Members’ cash reserves contributions of $57 million
• And, most recently, a Federally-funded low cost loan program called WIFIA
(Water Infrastructure Financing Innovation Act,) at a value of $218 million
In conjunction with the WIFIA loan, SVCW issued interim Notes to finance construction of the RESCU program.
ese Notes carry a low interest rate and will span the period between construction and receipt of WIFIA loan
proceeds. By issuing Interim Notes, the agency saves $9.8 million on this portion of funding.
e RESCU Program includes 11 projects that constitute full replacement and rehabilitation of SVCW’s sewer
conveyance system. For more information, go to svcw-rescu.org.
Redwood Shores
Certified Public Accountant
Providing tax preparation and planning,
accounting and bookkeeping services
Call Kerman at 650-291-4219
P. teRRy AndeRlini
PARTNER
Rosemary gibson
Owner / Broker
650.518.2382
www.gibsonportfoliomanagement.com
“I approached Jenny with an extremely tight timeline for a summer sale due to a work relocation and
she pulled it off beautifully! Jenny was masterful in scheduling and coordinating all of the different
parties involved to get our place remodeled, staged and listed right on schedule. In the end, she
was able to get us the price we hoped for and closed right on time. If you are looking for a sharp,
dedicated and responsive real estate agent, I strongly recommend Jenny.” - Amanda Calvo
Contact Blueprint Real Estate now to design your plan for real estate success.
jenny rowe
CIPS ®, PSA ®, ASP ®
founder | realtor ®
650.722.3502
jenny@blueprintcalifornia.com blueprintcalifornia.com
DRE# 01990690