Draw on Reserve or Default Report
Western Hills Water District Diablo Grande CFD No 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: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 3/1/2023
Amount of Default: $948,110
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on March 1, 2023. As
of the date of this notice, none of the interest due on the bonds on March 1,
2023 has been paid. On March 1, 2023, the District made a late payment of
$948,110 for interest that was originally due on September 1, 2022. The
amount not paid but due is the combined amount for both CDIAC Nos
2014-0945 and 2015-1143.
Date Received: 3/29/2023
Date posted to this website:
Wednesday, April 12, 2023
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 3/1/2021
Amount of Default: $948,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on March 1, 2021. As of
the date of this notice, the interest due on the bonds has not been paid.
The amount not paid but due is the combined amount for both CDIAC Nos
2014-0945 and 2015-1143.
Date Received: 3/5/2021
Date posted to this website:
Thursday, April 1, 2021
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 3/1/2023
Amount of Default: $948,110
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on March 1, 2023. As of the
date of this notice, none of the interest due on the bonds on March 1, 2023 has
been paid. On March 1, 2023, the District made a late payment of $948,110 for
interest that was originally due on September 1, 2022.
Date Received: 3/1/2021
Date posted to this website:
Wednesday, April 12, 2023
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 3/1/2021
Amount of Default: $948,110.00
Contact: Andrew Bavender, Goodwin
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on March 1, 2021. As of
the date of this notice, the interest due on the bonds has not been paid.
The amount not paid but due is the combined amount for both CDIAC Nos
2014-0945 and 2015-1143.
Date Received: 3/1/2021
Date posted to this website:
Thursday, April 1, 2021
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 9/1/2020
Amount Withdrawn: $3,813,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1, 2020. Additionally, there were mandatory sinking fund redemptions scheduled for the same date in the total amount of $2,865,000. As of the date of this notice, none of the interest or principal due on the bonds on September 1, 2020 has been paid. On September 1, 2020, the District made a late payment of $948,110 for interest that was originally due on March 1, 2020.
The amount not paid but due is the combined amount for both CDIAC Nos 2014-0945 and 2015-1143.
Date Received: 9/3/2020
Date posted to this website:
Thursday, October 8, 2020
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 9/1/2020
Amount of Default: $3,813,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1, 2020. Additionally, there were mandatory sinking fund redemptions scheduled for the same date in the total amount of $2,865,000. As of the date of this notice, none of the interest or principal due on the bonds on September 1, 2020 has been paid. On September 1, 2020, the District made a late payment of $948,110 for interest that was originally due on March 1, 2020.
The amount not paid but due is the combined amount for both CDIAC Nos 2014-0945 and 2015-1143
Date Received: 9/3/2020
Date posted to this website:
Thursday, October 8, 2020
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Water District
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 3/2/2020
Amount of Default: $948,110.01
Contact: Andrew Bavender, Goodwin Consulting Group Inc
Phone Number: (916) 561-0890
Comments:
A total of $948,110.01 in interest on the Bonds was due on March 2, 2020. As of the date of notice submitted on March 6, 2020, the interest due on the bonds has not been paid. The amount not paid but due is the combined amount for both CDIAC numbers 2014-0945 & 2015-1143.
Date Received: 3/11/2020
Date posted to this website:
Wednesday, March 18, 2020
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Water District
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 3/2/2020
Amount of Default: $948,110.01
Contact: Andrew Bavender, Goodwin Consulting Group Inc
Phone Number: (916) 561-0890
Comments:
A total of $948,110.01 in interest on the Bonds was due on March 2, 2020. As of the date of notice submitted on March 6, 2020, the interest due on the bonds has not been paid. The amount not paid but due is the combined amount for both CDIAC numbers 2014-0945 & 2015-1143.
Date Received: 3/11/2020
Date posted to this website:
Wednesday, March 18, 2020
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 9/3/2019
Amount of Default: $2,822,935.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $847,935 in interest on the Bonds was due on September 3, 2019. Additionally, there was a mandatory sinking fund redemption scheduled for the same date in the amount of $1,975,000. The interest due on the Bonds was not paid until September 13, 2019. As of the date of this notice, the principal due on the bonds has not been paid. The District anticipates that a portion of the principal due for the mandatory sinking fund redemption will be paid on Monday, September 16, 2019.
Date Received: 9/13/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Draw on Reserve
Date of Event: 9/3/2019
Amount Withdrawn: $538,825.01
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 3, 2019, a total of $538,825 was withdrawn from the Reserve Fund to partially fund the debt service payment due on the Bonds on that date. On September 13, 2019, an additional $1,618,673 was withdrawn from the Reserve Fund to partially fund the Bonds debt service payment due on September 3, 2019. Overall, the total amount drawn from the Reserve Fund was $2,157,498. The balance of the Reserve Fund following these withdrawals is $0. Reserve fund is shared between 2014-0945 and 2015-1143 The amount of the draw reported is the total amount withdrawn for both bonds.
Date Received: 9/13/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Draw on Reserve
Date of Event: 9/13/2019
Amount Withdrawn: $1,618,673.38
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 3, 2019, a total of $538,825 was withdrawn from the Reserve Fund to partially fund the debt service payment due on the Bonds on that date. On September 13, 2019, an additional $1,618,673 was withdrawn from the Reserve Fund to partially fund the Bonds debt service payment due on September 3, 2019. Overall, the total amount drawn from the Reserve Fund was $2,157,498. The balance of the Reserve Fund following these withdrawals is $0. Reserve fund is shared between 2014-0945 and 2015-1143 The amount of the draw reported is the total amount withdrawn for both bonds.
Date Received: 9/13/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Draw on Reserve
Date of Event: 9/13/2019
Amount Withdrawn: $1,618,673.38
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 3, 2019, a total of $538,825 was withdrawn from the Reserve Fund to partially fund the debt service payment due on the Bonds on that date. On September 13, 2019, an additional $1,618,673 was withdrawn from the Reserve Fund to partially fund the Bonds debt service payment due on September 3, 2019. Overall, the total amount drawn from the Reserve Fund was $2,157,498. The balance of the Reserve Fund following these withdrawals is $0. Reserve fund is shared between 2014-0945 and 2015-1143 The amount of the draw reported is the total amount withdrawn for both bonds.
Date Received: 9/13/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Draw on Reserve
Date of Event: 9/3/2019
Amount Withdrawn: $538,825.01
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 3, 2019, a total of $538,825 was withdrawn from the Reserve Fund to partially fund the debt service payment due on the Bonds on that date. On September 13, 2019, an additional $1,618,673 was withdrawn from the Reserve Fund to partially fund the Bonds debt service payment due on September 3, 2019. Overall, the total amount drawn from the Reserve Fund was $2,157,498. The balance of the Reserve Fund following these withdrawals is $0. Reserve fund is shared between 2014-0945 and 2015-1143 The amount of the draw reported is the total amount withdrawn for both bonds.
Date Received: 9/13/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Draw on Reserve
Date of Event: 3/1/2019
Amount Withdrawn: $36,516.33
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On March 1, 2019, the District requested a draw of $36,516.33 from the Reserve Fund to fund a portion of the debt service payment due March 1, 2019. The draw was necessary due to delinquencies in payment of the special tax. The draw was necessary due to delinquencies in payment of the special tax. Approximately 62% of the special tax levy for fiscal year 2017-18 was delinquent. Reserve Fund is shared between 2014-0945 and 2015-1143 The amount of the draw reported is the total amount withdrawn for both bonds.
Date Received: 3/6/2019
Date posted to this website:
Tuesday, September 17, 2019
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Draw on Reserve
Date of Event: 9/4/2018
Amount Withdrawn: $2,208,682.45
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 4, 2018, the District requested a draw of $2,208,682.45 from the Reserve Fund to fund a portion of the debt service payment due September 4, 2018. The draw was necessary due to delinquencies in payment of the special tax. The draw on the Reserve Fund was made on September 4, 2018 and the interest and principal payments due on the Bonds were made on time.
Date Received: 9/7/2018
Date posted to this website:
Friday, December 28, 2018
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Draw on Reserve
Date of Event: 9/4/2018
Amount Withdrawn: $2,208,682.45
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
On September 4, 2018, the District requested a draw of $2,208,682.45 from the Reserve Fund to fund a portion of the debt service payment due September 4, 2018. The draw was necessary due to delinquencies in payment of the special tax. The draw on the Reserve Fund was made on September 4, 2018 and the interest and principal payments due on the Bonds were made on time.
Date Received: 9/7/2018
Date posted to this website:
Friday, December 28, 2018
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 7/26/2001
CDIAC Number: 2000-1743
Type of Event: Draw on Reserves
Date of Event: 9/1/2008
Amount Withdrawn: $798,007.00
Contact: Marc Grijalva, Willdan Financial Services
Phone Number: (800) 755-6864
Comments:
Date Received: 9/12/2008
Date posted to this website:
Friday, September 12, 2008
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 12/13/2002
CDIAC Number: 2002-1904
Type of Event: Draw on Reserves
Date of Event: 9/1/2008
Amount Withdrawn: $248,471.74
Contact: Marc Grijalva, Willdan Financial Services
Phone Number: (800) 755-6864
Comments:
Date Received: 9/12/2008
Date posted to this website:
Friday, September 12, 2008
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 4/27/2004
CDIAC Number: 2004-0373
Type of Event: Draw on Reserves
Date of Event: 9/1/2008
Amount Withdrawn: $668,137.58
Contact: Marc Grijalva, Willdan Financial Services
Phone Number: (800) 755-6864
Comments:
Date Received: 9/12/2008
Date posted to this website:
Friday, September 12, 2008
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project:
Original Sale Date: 1/13/2005
CDIAC Number: 2005-0066
Type of Event: Draw on Reserves
Date of Event: 9/1/2008
Amount Withdrawn: $327,900.64
Contact: Marc Grijalva, Willdan Financial Services
Phone Number: (800) 755-6864
Comments:
Date Received: 9/12/2008
Date posted to this website:
Friday, September 12, 2008
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Stanislaus
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 9/1/2021
Amount of Default: $6,368,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1,2021.
Additionally, a total of $5,420,000 in principal was scheduled to mature on
September 1, 2021. As of the date of this notice, none of the interest or principal
due on the bonds on September 1, 2021 has been paid. On September 1, 2021,
the District made a late payment of $948,110 for interest that was originally due
on March 1, 2021. The amount not paid but due is the combined amount for
both CDIAC Nos 2014-0945 and 2015-1143.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 7/25/2014
CDIAC Number: 2014-0945
Type of Event: Default
Date of Event: 9/1/2023
Amount of Default: $3,728,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1, 2023.
As of the date of this notice, none of the interest or principal due on the
bonds on September 1, 2023 has been paid. Additionally, no payment was
made on September 1, 2023 for any prior interest payment date. The
amount not paid but due is the combined amount for both CDIAC Nos
2014-0945 and 2015-1143.
Date Received:
Date posted to this website:
Monday, November 27, 2023
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 9/1/2023
Amount of Default: $3,728,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1, 2023. As
of the date of this notice, none of the interest or principal due on the bonds on
September 1, 2023 has been paid. Additionally, no payment was made on
September 1, 2023 for any prior interest payment date. The amount not paid
but due is the combined amount for both CDIAC Nos 2014-0945 and
2015-1143.
Date Received:
Date posted to this website:
Monday, November 27, 2023
Issuer: Western Hills Water District Diablo Grande CFD No 1
County: Stanislaus
Project: Capital Improvements
Original Sale Date: 6/16/2015
CDIAC Number: 2015-1143
Type of Event: Default
Date of Event: 9/1/2021
Amount of Default: $6,368,110.00
Contact: Andrew Bavender, Goodwin Consulting Group Inc.
Phone Number: (916) 561-0890
Comments:
A total of $948,110 in interest on the Bonds was due on September 1,2021.
Additionally, a total of $5,420,000 in principal was scheduled to mature on
September 1, 2021. As of the date of this notice, none of the interest or principal
due on the bonds on September 1, 2021 has been paid. On September 1, 2021,
the District made a late payment of $948,110 for interest that was originally due
on March 1, 2021. The amount not paid but due is the combined amount for
both CDIAC Nos 2014-0945 and 2015-1143.
Date Received:
Date posted to this website:
Wednesday, January 12, 2022