Draw on Reserve or Default Report
Northstar Community Services District CFO 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: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/8/2005
CDIAC Number: 2005-1575
Type of Event: Default
Date of Event: 9/1/2023
Amount of Default: $5,717,511.62
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the interest due on the Bonds on
September 1, 2023. The amount not paid reported above is the combined
amount for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received: 9/12/2023
Date posted to this website:
Monday, November 27, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Villiage
Original Sale Date: 12/7/2006
CDIAC Number: 2006-1389
Type of Event: Default
Date of Event: 9/1/2023
Amount of Default: $5,717,511.62
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did not
collect enough special tax revenue to pay the principal and interest due on the Bonds
on September 1, 2023. The amount not paid reported above is the combined amount
for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received: 9/12/2023
Date posted to this website:
Monday, November 27, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/8/2005
CDIAC Number: 2005-1575
Type of Event: Default
Date of Event: 3/1/2023
Amount of Default: $2,568,091.17
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the interest due on the Bonds on
March 1, 2023. The amount not paid reported above is the combined amount for
CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received: 3/29/2023
Date posted to this website:
Wednesday, April 12, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/7/2006
CDIAC Number: 2006-1389
Type of Event: Default
Date of Event: 3/1/2023
Amount of Default: $2,568,091.17
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did not
collect enough special tax revenue to pay the interest due on the Bonds on March 1,
2023. The amount not paid reported above is the combined amount for CDIAC Nos
2005-1575, 2006-1389 and 2014-0954.
Date Received: 3/29/2023
Date posted to this website:
Wednesday, April 12, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 7/24/2014
CDIAC Number: 2014-0954
Type of Event: Default
Date of Event: 3/1/2023
Amount of Default: $2,568,091.17
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the interest due on the Bonds on
March 1, 2023. The amount not paid reported above is the combined amount
for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received: 3/29/2023
Date posted to this website:
Wednesday, April 12, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/8/2005
CDIAC Number: 2005-1575
Type of Event: Default
Date of Event: 3/1/2022
Amount of Default: $2,475,164.82
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the total amount of interest due
on the Bonds on March 1, 2022.
The amount not paid reported above is the combined amount for CDIAC Nos
2005-1575, 2006-1389 and 2014-0954. Calculated based on previous debt
service schedule. Trustee is paying this as a factor bond now.
Received: 03/11/2022
Date Received:
Date posted to this website:
Friday, April 8, 2022
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/8/2005
CDIAC Number: 2005-1575
Type of Event: Default
Date of Event: 9/1/2021
Amount of Default: $5,188,026.25
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 1, 2021, there were insufficient funds available to make the
punctual payment of the principal of or redemption premium or interest on the
Bonds that were due and payable on September 1, 2021, and as a result, an
Event of Default has occurred. The amount not paid reported above is the
combined amount for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/7/2006
CDIAC Number: 2006-1389
Type of Event: Default
Date of Event: 3/1/2022
Amount of Default: $2,475,164.82
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the total amount of interest due
on the Bonds on March 1, 2022.
The amount not paid reported above is the combined amount for CDIAC Nos
2005-1575, 2006-1389 and 2014-0954. Calculated based on previous debt
service schedule. Trustee is paying this as a factor bond now.
Received: 03/11/2022
Date Received:
Date posted to this website:
Friday, April 8, 2022
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 12/7/2006
CDIAC Number: 2006-1389
Type of Event: Default
Date of Event: 9/1/2021
Amount of Default: $5,188,026.25
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 1, 2021, there were insufficient funds available to make the
punctual payment of the principal of or redemption premium or interest on the
Bonds that were due and payable on September 1, 2021, and as a result, an
Event of Default has occurred. The amount not paid reported above is the
combined amount for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 7/24/2014
CDIAC Number: 2014-0954
Type of Event: Default
Date of Event: 9/1/2023
Amount of Default: $5,717,511.62
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the interest due on the Bonds on
September 1, 2023. The amount not paid reported above is the combined
amount for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received:
Date posted to this website:
Monday, November 27, 2023
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 7/24/2014
CDIAC Number: 2014-0954
Type of Event: Default
Date of Event: 3/1/2022
Amount of Default: $2,475,164.82
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
Due to significant delinquencies in the payment of the special tax, the CFD did
not collect enough special tax revenue to pay the total amount of interest due
on the Bonds on March 1, 2022.
The amount not paid reported above is the combined amount for CDIAC Nos
2005-1575, 2006-1389 and 2014-0954. Calculated based on previous debt
service schedule. Trustee is paying this as a factor bond now.
Received: 03/11/2022
Date Received:
Date posted to this website:
Friday, April 8, 2022
Issuer: Northstar Community Services District CFO No 1
County: Placer
Project: The Village
Original Sale Date: 7/24/2014
CDIAC Number: 2014-0954
Type of Event: Default
Date of Event: 9/1/2021
Amount of Default: $5,188,026.25
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 1, 2021, there were insufficient funds available to make the
punctual payment of the principal of or redemption premium or interest on the
Bonds that were due and payable on September 1, 2021, and as a result, an
Event of Default has occurred. The amount not paid reported above is the
combined amount for CDIAC Nos 2005-1575, 2006-1389 and 2014-0954.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022