Draw on Reserve or Default Report
Chowchilla Public Financing Authority Marks-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: Chowchilla Public Financing Authority
Project: Civic Center
Original Sale Date: 8/17/2005
CDIAC Number: 2005-1479
Type of Event: Draw on Reserve & Default
Date of Event: 7/1/2010
Amount Withdrawn: $249,645.01
Contact: Mollie Hart
Phone Number: (415) 421-3767
Bonds Insured by Syncora Guaranty, Inc. The scheduled payment of principal of and interest on the Bonds of $249,645.01, consisting of interest due on July 1, 2010 in the aggregate amount of $119,645.01 and principal maturing on July 1 ,2010 in the amount of $130,000, will be paid from a Draw on the Reserve Account. The Reserve Fund contained $369,737.50 before the Reserve Fund Draw. After the aggregate Reserve Fund Draw in the amount $249,645.01, there will be $120,092.49 remaining in the Reserve Fund.
Date Received: 7/9/2010
Date posted to this website: Wednesday, July 14, 2010