California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

West Patterson CFD No 2001-1 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:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  9/15/2005
CDIAC Number:  2005-1615
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:  $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   9/13/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  9/15/2005
CDIAC Number:  2005-1615
Type of Event:  Draw
Date of Event:  3/1/2000
Amount Withdrawn:   $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   9/13/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  Public Improvement & School Facs
Original Sale Date:  2/24/2004
CDIAC Number:   2004-0020
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:  $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  1/17/2002
CDIAC Number:  2001-2061
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:  $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  1/17/2002
CDIAC Number:  2001-2061
Type of Event:  Draw
Date of Event:  3/1/2005
Amount Withdrawn:  $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  1/21/2003
CDIAC Number:  2003-0170
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:  $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  1/21/2003
CDIAC Number:  2003-0170
Type of Event:  Draw
Date of Event:  3/1/2005
Amount Withdrawn:  $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  8/27/2003
CDIAC Number:  2003-1591
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:  $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  
Original Sale Date:  8/27/2003
CDIAC Number:  2003-1591
Type of Event:  Draw
Date of Event:  3/1/2005
Amount Withdrawn:  $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  Public Improvement & School Facs
Original Sale Date:  2/24/2004
CDIAC Number:  2004-0020
Type of Event:  Draw
Date of Event:  3/1/2005
Amount Withdrawn:   $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  Walker Ranch I & II/Creekside/Shire Pl/Patterson Gardens/Wilding Ranch
Original Sale Date:  10/8/2004
CDIAC Number:  2004-1595
Type of Event:  Draw
Date of Event:  3/1/2007
Amount Withdrawn:   $9,100
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007


Issuer:  West Patterson CFD No 2001-1
County:  Stanislaus
Project:  Walker Ranch I & II/Creekside/Shire Pl/Patterson Gardens/Wilding Ranch
Original Sale Date:  10/8/2004
CDIAC Number:  2004-1595
Type of Event:  Draw
Date of Event:  3/1/2005
Amount Withdrawn:  $320,788.85
Contact:  Eric Frederick, Goodwin Consulting Group
Phone Number:  (916) 561-0891

Comments:  
The WEST Patterson Financial Authority hereby gives notice of the following significant events with respect to the West Patterson Financing Authority Community Facilities District No. 2001-1 (Public Improvements) Special Tax Bonds, Series 2002-A, Series 2003-A, Series 2003-B, Series 2004-A, Series 2004-B, and Bond Anticipation Notes, Series 2005-A:

Based on information available to the City, on March 1, 2005 the West Patterson Financing Authority was required to make an unscheduled draw of $320,788.85 from one or more of the Reserve Funds of the above mentioned Bonds. At that time the total combined Reserve Fund Requirement for all Bonds listed above was $5,817,025. As of February 28, 2005 and before the unscheduled draw on the Reserve Funds, the total combined Reserve Fund balance for all five series of Bonds was $5,874,897.29. After the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance was $5,554,108.44.

Based on information available to the City, on March 1, 2007 the West Patterson Financing Authority was required to make an unscheduled draw of $9,100.00 from one or more of the Reserve Funds of the above mentioned Bonds. This unscheduled draw of Reserve Fund monies was required due to a total of 489 property owners being delinquent in payment of their fiscal year 2006-07 special taxes. As of May 3, 2007, the total amount of unpaid special taxes for fiscal year 2006-07 was $731,972.59, which represents 16.43% of the total tax levied for fiscal year 2006-07.

As of March 1, 2007 the total combined Reserve Fund Requirement for all Bonds listed above was $5,771,227. As of February 28, 2007 and before the unscheduled draw on the Reserve Fund, the total combined Reserve Fund balance for all five series of Bonds was $5,946,592. As of March 31, 2007 with interest and after the unscheduled draw on the Reserve Fund, the total combined Reserved Fund balance was $5,959,530.

As of May 30, 2007, a total of 442 property owners remained delinquent on their special taxes for 2006-07 with delinquent special taxes outstanding of $669,333.84 representing 15.03% of the total special tax levy for fiscal year 2006-07.

Date Received:   6/14/2007
Date posted to this website:   Thursday, October 04, 2007