Draw on Reserve or Default Report
Palmdale CFD No 93-1 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: Palmdale CFD No 93-1
County: Los Angeles
Project: Ritter Ranch
Original Sale Date: 4/5/1995
CDIAC Number: 1995-0137
Type of Event: Default
Date of Event: 3/2/2020
Amount of Default: $963,262.50
Contact: Kristin Harvey, NBS
Phone Number: (951) 296-1997
Comments:
The principal and interest payable on March 1, 2020 on the above-named special
tax bonds, in the amount of $963,262.50, was not paid timely. The remaining
funds in the Reserve Fund for the bonds, in the amount of $28.75, were
withdrawn and paid, along with $71.16 in the Bond Fund, for the bonds, by U.S.
Bank National Association, as fiscal agent for the bonds, to the registered owners
of the bonds.
Date Received: 3/13/2020
Date posted to this website:
Wednesday, March 25, 2020
Issuer: Palmdale CFD No 93-1
County: Los Angeles
Project: Ritter Ranch
Original Sale Date: 4/5/1995
CDIAC Number: 1995-0137
Type of Event: Draw on Reserve
Date of Event: 3/2/2020
Amount Withdrawn: $28.75
Contact: Kristin Harvey, NBS
Phone Number: (951) 296-1997
Comments:
The principal and interest payable on March 1, 2020 on the above-named special tax bonds, in the amount of $963,262.50, was not paid timely. The remaining funds in the Reserve Fund for the bonds, in the amount of $28.75, were withdrawn and paid, along with $71.16 in the Bond Fund, for the bonds, by U.S. Bank National Association, as fiscal agent for the bonds, to the registered owners of the bonds.
Date Received: 3/4/2020
Date posted to this website:
Wednesday, March 18, 2020