CUSIP 786153JQ0
- ISIN: US786153JQ00
- Entity Name: County of Sacramento/The
- Sector: Municipal
- Announcement Date: 27-Jun-2016
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Sep-2037
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Defeasance
- News: This Notice of Termination of Continuing Disclosure Obligation (the ""Notice""), dated June 17, 2016, is hereby submitted in connection with the refunding and dcfeasance of the County of Sacramento Community Facilities District No. 2005-2 (North Vineyard Station No. 1), Special Tax Bonds, Series 2007A, originally issued in the aggregate principal amount of $14,415,000 (the ""2007 Bonds""). On June 8, 2016, the County of Sacramento (the ""County""), acting on behalf of the County of Sacramento Conununity Facilities District No. 2005-2 (North Vineyard Station No. 1) (the ""CFD""), issued $23, 155,000 aggregate principal amount of the County of Sacramento Community Facilities District No. 2005-2 (North Vineyard Station No. 1) Special Tax Bonds, Series 2016, a portion of the proceeds of which were used to refund and defease all of the outstanding 2007 Bonds. Consequently, as of the date hereof, no 2007 Bonds remain outstanding. The CUSIP number for the final maturity of the 2007 Bonds (i.e., the 2007 Bonds that would have matured on September 1, 2037) is 786153 JQO. In connection with the issuance of the 2007 Bonds, a Continuing Disclosure Agreement, dated as of September I. 2007, was entered into by LW Vineyard Point, LLC (the `J>isclosurc Agreement""). Following the date of issuance of the 2007 Bonds, LW Vineyard Point, LLC, lost the Vineyard Point property to foreclosure. As disclosed in previous continuing disclosure rep01ts filed by Lennar Homes of California, Inc. (""Lennar""), Vineyard Point 2009, LLC, a California limited liability company (""Vineyard Point 2009""), purchased the Vineyard Point property through the foreclosure sale without being required to assume the Disclosure Agreement. Subsequent to such sale, no property owner assumed the obligations under the Disclosure Agreement and, therefore, no property owner was obligated to provide continuing disclosme with respect to the Bonds since such acquisition. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: County of Sacramento/The CUSIP: 786153JQ0 Currency: USD County of Sacramento/The announced today that it will defease series 2007A bonds at 100% of principal amount outstanding.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US786153JQ00
