California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Greenfield Union School District CFD No 2005-3 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:  Greenfield Union School District CFD No 2005-3
County:  Kern
Project:  Series A (Hosking Avenue Bakersfield Apts LLC)
Original Sale Date:  4/28/2011
CDIAC Number:  2011-0406
Type of Event:  Draw on Reserve
Date of Event:  3/1/2012
Amount Withdrawn:  $17,564.80
Contact:  Benjamin Dolinka, Dolinka Group
Phone Number:  (949) 250-8300

Comments:  
Unscheduled draw on special debt service reserves. The Special Reserve Fund for the Bonds was drawn upon in the amount of $17,564.80 in order to meet the March 1, 2012 debt service payment. The Reserve Fund for the Bonds was not affected by this draw and the current balance of the Reserve Fund meets the Reserve Requirement for the Bonds.

Date Received:   3/9/2012
Date posted to this website:   Tuesday, April 10, 2012