California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Chino CFD No 2005-1 Mello-Roos Community Facilities Districts

This report is based on unaudited information reported to the California Debt and Investment Advisory Commission pursuant to Government Code Section 53359.5(c) from sources considered to be reliable. The Commission is not liable for inadvertent errors or omissions that are reported as part of these reports.

Issuer:  Chino CFD No 2005-1
County:  San Bernardino
Project:  College Park IA 1
Original Sale Date:  5/31/2007
CDIAC Number:  2007-0703
Type of Event:  Draw on Reserves
Date of Event:  9/2/2008
Amount Withdrawn:  $38,242.22
Contact:  Brian A. Buchanan, Wells Fargo Bank, NA
Phone Number:  (213) 614-3325

Comments:  
On September 2, 2008 an unscheduled draw was made on the reserve fund established for the $23,715,000 Community Facilities District No. 2005-1 of the City of Chino, Improvement Area No.1 2007 Special Tax Bonds (the “Bonds”). The amount of the draw was $38,242.22 and the proceeds thereof were applied to the payment of debt service on the Bonds due September 2, 2008. As of the date hereof, the amount remaining in such reserve fund is $1,519,757.78.

Date Received:   10/7/2008
Date posted to this website:   Tuesday, October 07, 2008