City of Galveston
CUSIP 364542AC4
- Issue Currency: United States of America Dollars
- Announcement Date: 07-Mar-2017
- News: Event Notice Reserve Fund Draw: On March 1, 2017, an unscheduled draw of $28,800.00 was drawn from the Delinquency Reserve Account of the Reserve Fund and an unscheduled draw of $256,887.50 was drawn from the Reserve Account of the Reserve Fund to pay the March 1, 2017 debt service payment on the Bonds. The unscheduled draw of funds from the Delinquency Reserve Account and Reserve Account was required because of the failure to deposit or cause to be deposited into the Pledged Revenue Fund by February 20, 2017, Annual Installments of the Assessments levied against parcels within the Bayside at Watermans Public Improvement District to pay debt service on the Bonds constituting an Event of Default under the Indenture.
- Issue Currency: United States of America Dollars
- Announcement Date: 07-Mar-2017
- News: Event Notice Reserve Fund Draw: On March 1, 2017, an unscheduled draw of $28,800.00 was drawn from the Delinquency Reserve Account of the Reserve Fund and an unscheduled draw of $256,887.50 was drawn from the Reserve Account of the Reserve Fund to pay the March 1, 2017 debt service payment on the Bonds. The unscheduled draw of funds from the Delinquency Reserve Account and Reserve Account was required because of the failure to deposit or cause to be deposited into the Pledged Revenue Fund by February 20, 2017, Annual Installments of the Assessments levied against parcels within the Bayside at Watermans Public Improvement District to pay debt service on the Bonds constituting an Event of Default under the Indenture.
- Issue Currency: United States of America Dollars
- Announcement Date: 07-Mar-2017
- News: Event Notice Reserve Fund Draw: On March 1, 2017, an unscheduled draw of $28,800.00 was drawn from the Delinquency Reserve Account of the Reserve Fund and an unscheduled draw of $256,887.50 was drawn from the Reserve Account of the Reserve Fund to pay the March 1, 2017 debt service payment on the Bonds. The unscheduled draw of funds from the Delinquency Reserve Account and Reserve Account was required because of the failure to deposit or cause to be deposited into the Pledged Revenue Fund by February 20, 2017, Annual Installments of the Assessments levied against parcels within the Bayside at Watermans Public Improvement District to pay debt service on the Bonds constituting an Event of Default under the Indenture.
