California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Hawthorne Parking Authority CFD No. 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:  Hawthorne Parking Authority CFD No. 1
County:  Los Angeles
Project:  Hawthorne Plaza
Original Sale Date:  8/16/1995
CDIAC Number:  95-0762
Type of Event:  Draw on Reserves
Date of Event:  3/1/2001
Amount Withdrawn:  $234,674.61
Contact:  Paul Whitelaw
Phone Number:  (909) 699-3990

Comments:  

Date Received:   4/10/2001
Date posted to this website:   Wednesday, May 09, 2001


Issuer:  Hawthorne Parking Authority CFD No. 1
County:  Los Angeles
Project:  Hawthorne Plaza
Original Sale Date:  7/1/1975
CDIAC Number:  95-0762
Type of Event:  Draw on Reserves
Date of Event:  3/1/2000
Amount Withdrawn:  $345,116.23
Contact:  Micki Hicks
Phone Number:  (909) 699-3990

Comments:  
The Reserve Fund was used to pay the March 1, 2000 and September 1, 2000 interest payments due. The shortfall is a result of currently unresolved delinquencies within the CFDs pledged to these bonds. Judicial foreclosure proceedings have commenced on the delinquent parcels

Date Received:   12/1/2000
Date posted to this website:   Friday, January 05, 2001