RMWD considers financing options for pipeline

For the county to construct the San Vicente Road improvements, Ramona Municipal Water District must relocate 19,000 feet of water main that is within the project’s right of way at an estimated cost of $5 million.

To finance the project, the water district says it will have to increase water rates to pay for debt service.

In December, district directors authorized General Manager David Barnum to seek financing options for the pipeline relocation.

Barnum told the

Sentinel

that in a couple of months he will present those options to the board but the district will not commit to any arrangement unless it is 100 percent sure the San Vicente Road project will be constructed.

Barnum told the water board that RMWD would “borrow only the money we need when we need it.”

The 30-year-old pipeline is the main source of water to the Estates, a 3,250-acre planned community with about 3,500 homes. Barnum said the San Vicente Road pipeline has a maximum lifespan of 50 years.

   
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