Draw on Reserve or Default Report
Truckee Donner Public Utility District CFO No 04-1 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: Truckee Donner Public Utility District CFO No 04-1
County: Nevada
Project: Gray's Crossing
Original Sale Date: 8/31/2004
CDIAC Number: 2004-1553
Type of Event: Draw
Date of Event: 9/1/2021
Amount of Draw: $214,815.39
Contact: Richelle Lane, Willdan Financial Services
Phone Number: (951) 587-3519
Comments:
On September 1, 2021, a draw on the Reserve Fund for $214,815.39 was
performed in order to pay the September 1, 2021 Debt Service Payment on the
Bonds. The District had insufficient funds to make the full debt service payment of
$1,732,298.75 on Series 2004 and Series 2005 Bonds. The remaining amount in
the Reserve Fund as of September 2, 2021 will be $2,387,898.21. The
unscheduled draw is due to a consistently high delinquency rate in the District.
The overall delinquency rate is approximately 14.97%.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022
Issuer: Truckee Donner Public Utility District CFO No 04-1
County: Nevada
Project: Gray's Crossing
Original Sale Date: 6/21/2005
CDIAC Number: 2005-0453
Type of Event: Draw
Date of Event: 9/1/2021
Amount of Draw: $ 214,815.39
Contact: Richelle Lane, Willdan Financial Services
Phone Number: (951) 587-3519
Comments:
On September 1, 2021, a draw on the Reserve Fund for $214,815.39 was
performed in order to pay the September 1, 2021 Debt Service Payment on the
Bonds. The District had insufficient funds to make the full debt service payment of
$1,732,298.75 on Series 2004 and Series 2005 Bonds. The remaining amount in
the Reserve Fund as of September 2, 2021 will be $2,387,898.21. The
unscheduled draw is due to a consistently high delinquency rate in the District.
The overall delinquency rate is approximately 14.97%.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022