Page 16 - Moreno Valley City 2022 Bonded Debt Summary
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2007 towngate
        IMPROVEMENT AREA 1 TAX

        REFUNDING BONDS


        description
        CFD 87-1 Improvement Area No. 1 Special Tax Refunding Bonds were issued                                                    the community facilities district No. 5 of the
        in November 2007 to refund the 1993 Towngate CFD 87-1 Improvement
        Area 1 Special Tax Bonds.                                                                                                  CITY OF MORENO VALLEY 2021
                                                                                                                                   SPECIAL TAX REFUNDING BONDS


        Original Issue Amount                                  reimbursable tax increment from the Agency to a maximum             description
        $4,075,000                                             of  70.3%  of  required  debt  service.  Tax  increment  payable    The new CFD 5 Special Tax Bonds were issued in December 2021 to refund
                                                               from the Redevelopment Property Tax Trust Fund (RPTTF) is           the remaining balance of the 2007 CFD 5 Special Tax Bonds. The bonds
        Issuance Date                                          subject to approval on the Recognized Obligation Payment            funded the construction of various public improvements needed to develop
        11/29/2007                                             Schedule (ROPS) by the California Department of Finance.            property located within the CFD 5. (For a map of the district, please refer to
                                                                                                                                   the Investor Relations webpage on the City’s website).
        Repayment Sources                                      Maturity Date
        The bonds are payable from a special tax levy against certain  10/01/2023
        affected parcels within the District. Under an arrangement (a                                                              Original Issue Amount
        Cooperation and Reimbursement Agreement) involving the  Outstanding Balance                                                $5,870,000
        District,  the  City  and  the  Successor  Agency  of  the  former  at June 30, 2022: $675,000.
        RDA,  the  required  tax  levy  may  be  reduced  in  part  by  a                                                          Issuance Date
                                                                                                                                   12/21/2021
                                                                                                                                   Repayment Sources

                                                                                                                                   Special Taxes levied on the affected parcels within the district.
        2016 community facilities district 7                                                                                       Maturity Date
                                                                                                                                   09/01/2037
        IMPROVEMENT AREA 1                                                                                                         Outstanding Balance
        (CFD 7 IA 1)                                                                                                               at June 30, 2022: $4,795,000.


        description
        The  CFD  7  IA-1  bonds  funded  the  construction  of  flood-control
        improvements needed to develop property located within the CFD 7. (For
        a map of the district, please refer to the Investor Relations webpage on the
        City’s website).

        Original Issue Amount
        $3,265,000
        Issuance Date

        09/15/2016
        Repayment Sources
        Special Taxes levied on the effected parcels within the district.
        Maturity Date
        09/01/2047
        Outstanding Balance

        at June 30, 2022: $2,960,000.
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