California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Ione CFD No 2005-2 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:  Ione CFD No 2005-2
County:  Amador
Project:  Edgebrook & Castle Oaks Phase II IA No 1 Ser A
Original Sale Date:  8/9/2006
CDIAC Number:  2006-0970
Type of Event:  Draw on Reserve
Date of Event:  9/1/2009
Amount Withdrawn:  $32,671.56
Contact:  Shayne Morgan, David Taussig & Associates Inc.
Phone Number:  (949) 955-1500

Comments:  
Improvement Area No. 1 of Community Facilities District No. 2005-2 of the City of Ione (Edgebrook and Castle Oaks Phase II) had an unscheduled draw on the Reserve Account of the Special Tax Fund on September 1, 2009 due to delinquent special taxes. However, as of September 3, 2009, the amount on deposit in the Reserve Account is equal to the Reserve Requirement due to the payment of certain delinquent special taxes.

Date Received:   2/2/2010
Date posted to this website:   Monday, February 08, 2010