Water district issues $23.3M in bond funds

By scott miller

VAIL — The Eagle River Water & Sanitation District recently issued $23.3 million in new bonds to fund required improvements to its wastewater treatment system. The bond issuance was authorized in May 2014, when district voters passed a ballot measure (70 percent in favor) approving the new general obligation debt, to be paid back by property tax within the district boundaries.The mill levy associated with the new debt will begin in 2017, after an existing mill levy expires. According to finance director James Wilkins, the district is paying off a 1998 bond this year. “The mill levy assessed for the …

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