California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Fontana CFD No. 90-3 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:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  4/1/2004
Amount of Default:  $2,426,652.50
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Delinquent taxes total $25,120,385.39, interest and principal defaults totaled $1,668,190.72 and $985,000 respectively.

Date Received:   4/19/2004
Date posted to this website:   Wednesday, May 26, 2004


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  10/1/2003
Amount of Default:  $1,668,190.74
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Report is for non-payment of interest. Delinquent taxes total $25,120,385.39.

Date Received:   10/17/2003
Date posted to this website:   Tuesday, October 28, 2003


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  4/1/2003
Amount Not Paid:  $1,042,101.37
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Non-payment of interest and principal totaled $202,101.37 and $840,000 respectively. Delinquent taxes total $21,932,622.33.

Date Received:   4/8/2003
Date posted to this website:   Tuesday, October 19, 2004


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  4/1/2002
Amount of Default:  $1,694,333.50
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Delinquent taxes total $21,932,622.33

Date Received:   10/10/2002
Date posted to this website:   Thursday, November 07, 2002


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  4/1/2002
Amount of Default:  $2,426,652.50
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Delinquent taxes total $20,532,542.

Date Received:   4/15/2002
Date posted to this website:   Wednesday, May 22, 2002


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  10/1/2001
Amount Withdrawn/Not Paid:  $1,721,652
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Delinquent taxes total $1,721,652.50.

Date Received:   10/16/2001
Date posted to this website:   Monday, October 29, 2001


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Empire Center
Original Sale Date:  3/27/1991
CDIAC Number:  90-1235
Type of Event:  Default
Date of Event:  4/1/2001
Amount of Default:  $2,328,882.52
Contact:  Lisa Strong
Phone Number:  (909) 350-7671

Comments:  
Delinquent taxes total $16,227,009.37.
The previously reported payment default of October 1, 2000, was cured on February 23, 2001.

Date Received:   4/11/2001
Date posted to this website:   Wednesday, May 09, 2001


Issuer:  Fontana CFD No. 90-3
County:  San Bernardino
Project:  Multiple Capital Improvements, Empire Center
Original Sale Date:  3/1/1990
CDIAC Number:  90-1235
Type of Event:  Draw on Reserves
Date of Event:  4/3/2000
Amount Withdrawn:  $1,724,252.07
Contact:  Gary F. Nordquist
Phone Number:  (909) 350-7671

Comments:  
Payment defaulted was $506,625.44

Date Received:   3/27/2000
Date posted to this website:   Tuesday, October 19, 2004