By the late 1950's, area property owners, numbering just under 700, had made great progress toward building water supply system for Valley Center. By a large margin, voters had indebted themselves for $1.6 million in General Obligation bonds against an assessed valuation of $2.9 million for the entire 56,224 acre service area. Bonds had been issued and construction was underway on the initial water facilities. With the new Municipal Water District funded and underway, steps were taken to purchase a few small existing water systems, such as Pfau, Circle R, Jesmond Dene, and Sherwood Land Company/Valley Center Farms, with the intention of integrating them into the overall water storage, pumping and distribution system. With the water came growth, and with growth, the need for more water. The 1960's saw the landowners of Valley Center indebt themselves over and over again through two more G.O. Bond issues and the formation of a number of improvement districts, or “U” Districts (the “U” was for unimproved area). Securing an ample and reliable water supply was not cheap, but evidently well worth the price for Valley Center landowners.
The $1,750,000 Valley Center Municipal Water District Bond issue was given 4 to 1 approval by local voters at the general election Tuesday [Nov. 3, 1964], according to a preliminary ballot count at the County Registar of Voters office. The vote count was 435 yes against 109 no. The approved bond issue will cover the cost of new reservoirs and water lines in the district, however, it will not make money available in time to meet high irrigation demands next summer, said Cline Barney, representative of Engineering Science, district consulting engineers. District treasurer Charles Becker revealed this approval will not necessitate a tax increase. He said increased assessed valuation in the district can repay the bonds at the present tax rate of 2.76 per $100 assessed valuation. The largest share of the bond issue would finance three reservoirs, several new lines and a reservoir site to supplement San Vicente Reservoir. The treasurer's figures showed that current income surplus, boosted by the rise in assessed valuation and the large number of new water users will be adequate to repay bond interest and principal and to meet regular district expenses, according to C. P. Kane, district manager. The baord will meet again at 7:30 p.m. Nov. 13 [1964] at the district office. |