Draw on Reserve or Default Report
Victorville CFD No. 90-1 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: Victorville CFD No. 90-1
County: San Bernardino
Project: Multiple Capital Improvements, Western Addition
Original Sale Date: 5/30/1991
CDIAC Number: 90-0933
Type of Event: Default
Date of Event: 9/1/2002
Amount Withdrawn/Not Paid: $110,000
Contact: Adair Most
Phone Number: (916) 955-5000
Comments:
The reserve requirement on September 1, 2002 is $1,761,525. As of September 1, 2002, the amount of tax assessments needed to obtain 100% reserve requirement is $1,128,296.73 the reserve fund will be 36% funded, replenished by tax assessments.
Date Received: 8/27/2002
Date posted to this website:
Friday, September 27, 2002
Issuer: Victorville CFD No. 90-1
County: San Bernardino
Project: Western Addition
Original Sale Date: 5/15/1991
CDIAC Number: 90-933
Type of Event: Draw on Reserve
Date of Event: 9/1/2000
Amount Withdrawn: $100,000
Contact: Adair Most
Phone Number: (619) 955-5000
Comments:
The reserve requirement on September 1, 2000 is $1,761,525. As of September 1, the amount of tax assessments needed to obtain 100% reserve requirement is $1,068,197.15. The reserve fund will be 39% funded to be replenished with tax assessments.
Date Received: 10/2/2000
Date posted to this website:
Tuesday, October 19, 2004