California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Riverside County CFD No. 88-8 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:  Riverside County CFD No. 88-8
County:  Riverside
Project:  North A Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  9/1/2004
Amount of Default:  
Contact:  Dean Deines
Phone Number:  (951) 955-1186

Comments:  
There was a non-payment of $356,792.50 for interest due, and an aggregate non-payment of $6,210,000 for principal due through September 1, 2004.

Date Received:   9/30/2004
Date posted to this website:   Tuesday, October 19, 2004


Issuer:  Riverside County CFD No. 88-8
County:  Riverside
Project:  North "A" Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  3/1/2004
Amount Withdrawn/Not Paid:  $406,762.50
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  
There was a non-payment of interest in the amount of $406,762.50

Date Received:   4/23/2004
Date posted to this website:   Wednesday, May 26, 2004


Issuer:  Riverside County CFD No. 88-8
County:  Riverside County
Project:  North A Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  9/1/2002
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  
There was a non-payment of principal and interest in the amount of $964,330.88.

Date Received:   9/27/2002
Date posted to this website:   Thursday, November 07, 2002


Issuer:  Riverside County CFD No. 88-8
County:  Riverside
Project:  North "A" St
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  3/1/2002
Non Payment of Interest:  $403,802.65
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  
There was a non-payment of interest in the amount of $403,802.65

Date Received:   3/14/2002
Date posted to this website:   Wednesday, January 07, 2004


Issuer:  Riverside County CFD No. 88-8
County:  Riverside County
Project:  North "A" Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  3/1/2002
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  
There was a non-payment of interest in the amount of $403,802.65.

Date Received:   3/14/2002
Date posted to this website:   Tuesday, April 23, 2002


Issuer:  Riverside County CFD No. 88-8
County:  Riverside County
Project:  North "A" Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  9/1/2001
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  
There was a non-payment of interest in the amount of $487,132.74 and a non-payment of principal in the amount of $725,000.

Date Received:   10/16/2001
Date posted to this website:   Monday, November 26, 2001


Issuer:  Riverside County CFD No. 88-8
County:  Riverside
Project:  North "A" Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  3/1/2001
Amount of Default:  $269,236.58
Contact:  Rhonda King
Phone Number:  (909) 955-1186

Comments:  

Date Received:   3/22/2001
Date posted to this website:   Thursday, April 12, 2001


Issuer:  Riverside County CFD No. 88-8
County:  Riverside
Project:  North A St
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  9/1/2000
Amount Withdrawn/Not Paid:  $926,930.26
Contact:  Tony Carstens
Phone Number:  (909) 955-1138

Comments:  
There was a non-payment of principal and interest of $675,000 and $251,930.26, respectively.

Date Received:   9/25/2000
Date posted to this website:   Tuesday, October 19, 2004


Issuer:  Riverside County CFD No. 88-8
County:  Riverside
Project:  Multiple Capital Improvements, North A Street
Original Sale Date:  6/6/1990
CDIAC Number:  90-0065
Type of Event:  Default
Date of Event:  3/1/2000
Amount Withdrawn/Not Paid:  $638,384.27
Contact:  Linda Thomason
Phone Number:  (909) 955-1130

Comments:  

Date Received:   3/27/2000
Date posted to this website:   Tuesday, October 19, 2004