California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Perris CFD No. 2003-1 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:  Perris CFD No. 2003-1
County:  Riverside
Project:  Chaparral Ridge
Original Sale Date:  7/24/2003
CDIAC Number:  2003-1338
Type of Event:  Draw on Reserves
Date of Event:  3/1/2005
Amount Withdrawn:  $3,701.68
Contact:  Josephine Perez
Phone Number:  (951) 587-3500

Comments:  
The draw was due to delinquencies in the District. Delinquencies are due to the timing of transfer of ownership from the Developer to the individual homeowners. City & City Special Tax Administrator will continue to monitor and collect delinquencies.

Date Received:   3/9/2005
Date posted to this website:   Monday, May 09, 2005