CUSIP 897817CE0


  • ISIN: US897817CE04
  • Entity Name: Truckee Donner Public Utility District Community Facilities District No. 04-1
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Unscheduled Draw
  • News: On September 1, 2016, a draw on the Reserve Fund for $415,720 was performed in order to pay the September 1, 2016 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,416,232.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2016 will be $2,818,614.23. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2015/16 year is approximately 20.30%. TDPUD is working with a Foreclosure Attorney to cure the delinquencies. Presently, eighteen parcels are in a position to be forwarded to the Foreclosure Attorney once the Resolution has been passed by the board at a meeting scheduled on October 5, 2016. This Notice of Significant Event may contain information material to Bond owners and does not purport to contain all material information with respect to the Bonds or the financial condition of TDPUD or the District. The information set forth herein has been furnished by TDPUD and by sources, which are believed to be accurate and reliable but is not guaranteed as to accuracy or completeness. Statements contained in this Notice of Significant Event which involve estimates, forecasts, or other matters of opinion, whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact. Further, the information and expressions of opinion contained herein are subject to change without notice and the delivery of this Notice of Significant Event Statement will not, under any circumstances, create any implication that there has been no change in the affairs of TDPUD or any other parties described herein. For Bond Document please visit www.BondPDF.com
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US897817CE04

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