| Bond:
Special Tax Bonds, Series 2003
|
|
| Obligation |
Community Facilities District No. 7
|
| Issue
Name |
Special Tax Bonds, Series 2003
|
| Project
Name |
Fairbank Highlands
|
| Issue
Type |
Mello-Roos
|
| CDIAC
Number |
2003-0253
|
| Ratings |
Moody's:Aaa; S&P:AAA (Insured)
|
| Issued |
$1,545,000.00
|
| New
Money |
$1,545,000.00
|
| Outstanding |
$0.00
|
| Dated
Date |
3/20/2003 |
| 1 st
Coupon Date |
9/1/2003 |
| Last
Coupon Date |
3/1/2015 |
| Date
Refunded |
8/12/2015 |
| Maturity
Date |
9/1/2028 |
|
| Issuer
Status
|
Refunded
|
| Documentation |
Official Statement
|
| Cap
Interest |
True
|
| Cap
Interest Amount |
$29,268.46
|
| Number
of Months |
7
|
| Net
Funded |
False
|
| Debt
Service |
True
|
| Debt
Service Type
|
Level
|
| Annual
Average |
$106,341.62
|
| Reserve
Fund
|
True |
| Reserve
Amount |
$67,159.92 |
| Percentage |
0.04300 |
| Definition |
Lesser:10% OP;MADS;125% AADS |
| Update
Type
|
Automatic |
|
 |
| Date | Coupon | Principal | Status | Callable | Cusip |
| 9/1/2003 | | | None | NO | |
| 9/1/2004 | 0.02000 | 15,000 | Matured | NO | |
| 9/1/2005 | 0.02000 | 15,000 | Matured | NO | |
| 9/1/2006 | 0.02000 | 20,000 | Matured | NO | |
| 9/1/2007 | 0.02000 | 20,000 | Matured | NO | |
| 9/1/2008 | 0.02500 | 25,000 | Matured | NO | |
| 9/1/2009 | 0.03000 | 25,000 | Matured | NO | |
| 9/1/2010 | 0.03000 | 30,000 | Matured | NO | |
| 9/1/2011 | 0.03500 | 35,000 | Matured | NO | |
| 9/1/2012 | 0.03500 | 35,000 | Matured | NO | |
| 9/1/2013 | 0.03600 | 40,000 | Matured | YES | |
| 9/1/2014 | 0.03750 | 45,000 | Matured | YES | |
| 9/1/2015 | 0.03875 | 50,000 | Called in Full | YES | |
| 9/1/2016 | 0.04000 | 55,000 | Called in Full | YES | |
| 9/1/2017 | 0.04125 | 60,000 | Called in Full | YES | |
| 9/1/2018 | 0.04250 | 65,000 | Called in Full | YES | |
| 9/1/2019 | 0.04300 | 70,000 | Called in Full | YES | |
| 9/1/2020 | 0.04375 | 75,000 | Called in Full | YES | |
| 9/1/2021 | 0.04500 | 80,000 | Called in Full | YES | |
| 9/1/2022 | 0.04600 | 90,000 | Called in Full | YES | |
| 9/1/2023 | 0.04625 | 95,000 | Called in Full | YES | |
| 9/1/2024 | 0.04700 | 105,000 | Called in Full | YES | |
| 9/1/2025 | 0.04700 | 110,000 | Called in Full | YES | |
| 9/1/2026 | 0.04750 | 120,000 | Called in Full | YES | |
| 9/1/2027 | 0.04750 | 130,000 | Called in Full | YES | |
| 9/1/2028 | 0.04750 | 135,000 | Called in Full | YES | |
| Organization | Role |
| AMBAC Assurance Corporation | Guarantor |
| Best Best & Krieger LLP | Bond Counsel |
| David Taussig & Associates (DTA) | Special Tax Consultant |
| McFarlin & Anderson LLP | Disclosure Counsel |
| Stephen G. White, MAI | Appraiser |
| Stone & Youngberg LLC | Underwriter |
| U.S. Bank National Association | Fiscal Agent |
|
