City of Farmersville, California Finances Wastewater Treatment Plant

In a lengthy transaction spanning five years, we served as bond counsel to the City of Farmersville in Tulare County, California, on a USDA loan financing for a wastewater treatment plant structured as certificates of participation backed by installment payments payable from wastewater revenues. As the project design and timing changed over the years, Cyrus worked closely with the city to ensure that the USDA’s original terms did not change, other than to benefit the city.