Reference Info. » Bond to Build Dam is paid off

January 26, 2012, Casitas Pays Off Debt, Lowers Property Taxes

Citizens living in the Casitas Municipal Water District boundaries voted on Nov. 8, 1960 to approve a payment of $31.4 million to be paid over 50 years to the United State Bureau of Reclamation. The funds were allocated for building the Ventura River Project that included the Casitas Dam, Robles Canal, Robles Diversion Facility, and pipeline system. During the January 25, 2012 regular meeting of the Casitas Board of Directors, the Board signed the last payment of $943,645.96 for delivery to the Bureau. Property owners will now see a decrease in the tax collected for the Casitas Municipal Water District. Ojai Valley News


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