Las Gallinas sewer district plans sale of bonds for lab project

Las Gallinas sewer district plans sale of bonds for lab project

The Las Gallinas Valley Sanitary District could be selling up to $25 million in tax-exempt bonds to finance the construction of a new multipurpose lab building and corporation yard. The move would enable the San Rafael agency to stash a majority of its designated capital reserves for future use. It also buys the district time to develop a financial plan for its total capital improvements program, which envisions around $150 million in outlays th…