Projects

Solid Waste Disposal Revenue Notes Series 2024 (Direct Bank Purchase)

The MarBorg Industries project closed on May 22, 2024. CPCFA issued $44,500,000 in tax-exempt notes. 

MarBorg will use the note proceeds to purchase compressed natural gas (CNG) and/or other fuel powered waste collection vehicles and/or other equipment, including heavy tractors and processing equipment, used for the collection, transportation, processing, or disposal of solid waste vehicles, and SB 1383 compliant bins/containers to be used and distributed throughout Santa Barbara county; upgrade and improve storage and facilities currently owned by the Borrower located at 2 S. Quarantina and 125 Calle Cesar Chavez in Santa Barbara; and purchase, upgrade, and improve an existing solid waste recycling and processing facility located at 1850 W. Betteravia Rd. in Santa Maria.