Walnut Creek signs off on tax-free bonds for Christian school construction project

The Walnut Creek City Council has approved the issuance of up to $20 million in tax-exempt bonds by a local Christian school to build and equip a new multipurpose facility on its Walnut Creek campus.

NorthCreek Academy and Preschool has submitted an application to the California Enterprise Development Authority to issue the bonds to finance the multipurpose facility at the academy’s Ygnacio Valley Road campus, about 2.5 miles east of downtown Walnut Creek. The academy is closely affiliated with the adjacent NorthCreek Church.