California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Northstar Community Services District 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:  Northstar Community Services District CFD No 1
County:  Placer
Project:  
Original Sale Date:  12/8/2005
CDIAC Number:  2005-1575
Type of Event:  Draw on Reserve
Date of Event:  9/1/2011
Amount Withdrawn:  $1,573,170.81
Contact:  Nikki Muranaka, Goodwin Consulting Group Inc.
Phone Number:  (916) 561-0890

Comments:  
The draw was mainly due to a 45% tax delinquency rate for the fiscal year 2010-11 District tax levy, as well as prior year delinquencies. The property owners primarily responsible for the delinquent special taxes are NHJV Tahoe Phase 1 GP and Highlands Hotel Residences Company. These property owners are delinquent in payment of the District special taxes.

Date Received:   9/2/2011
Date posted to this website:   Wednesday, September 28, 2011


Issuer:  Northstar Community Services District CFD No 1
County:  Placer
Project:  
Original Sale Date:  12/7/2006
CDIAC Number:  2006-1389
Type of Event:  Draw on Reserve
Date of Event:  9/1/2011
Amount Withdrawn:  $1,604,971.12
Contact:  Nikki Muranaka, Goodwin Consulting Group Inc.
Phone Number:  (916) 561-0890

Comments:  
The draw was mainly due to a 45% tax delinquency rate for the fiscal year 2010-11 District tax levy, as well as prior year delinquencies. The property owners primarily responsible for the delinquent special taxes are NHJV Tahoe Phase 1 GP and Highlands Hotel Residences Company. These property owners are delinquent in payment of the District special taxes.

Date Received:   9/2/2011
Date posted to this website:   Wednesday, September 28, 2011


Issuer:  Northstar Community Services District CFD No 1
County:  Placer
Project:  
Original Sale Date:  12/8/2005
CDIAC Number:  2005-1575
Type of Event:  Draw
Date of Event:  3/1/2011
Amount Withdrawn:  $568,784.12
Contact:   Nikki Muranaka, Goodwin Consulting Group Inc.
Phone Number:  (916) 561-0890

Comments:  
The Northstar Community Services District CFD No 1 (NCSD) requested a draw of $568,784.12 from the Reserve fund of fund a portion of the debt service payment due March 1, 2011. The draw was due to a 46% tax delinquency rate for the first installment of the fiscal year 2010-11 District tax levy.

Date Received:   3/2/2011
Date posted to this website:   Friday, March 04, 2011


Issuer:  Northstar Community Services District CFD No 1
County:  Placer
Project:  
Original Sale Date:  12/7/2006
CDIAC Number:  2006-1389
Type of Event:  Draw
Date of Event:  3/1/2011
Amount Withdrawn:  $595,866.68
Contact:  Nikki Muranaka, Goodwin Consulting Group Inc.
Phone Number:  (916) 561-0890

Comments:  
The Northstar Community Services District CFD No 1 (NCSD) requested a draw of $595,866.68 from the Reserve fund of fund a portion of the debt service payment due March 1, 2011. The draw was due to a 46% tax delinquency rate for the first installment of the fiscal year 2010-11 District tax levy.

Date Received:   3/2/2011
Date posted to this website:   Friday, March 04, 2011