Page 16 - Moreno Valley City Manager's Report for 2021

2016 COMMUNITY FACILITIES DISTRICT 7 2021 COMMUNITY FACILITIES DISTRICT NO. 5
of the Cit y of M or eno Valle y
Impr o v ement Ar ea 1 (CFD 7 IA 1)
202 1 Special Tax R efunding Bonds

description
description The 2021 CFD 5 Special Tax Bonds were issued in December 2021 to
refund the remaining balance of the 2007 CFD 5 Special Tax Bonds.
The CFD 7 IA-1 bonds funded the construction of flood-control
The bonds funded the construction of various public improvements
improvements needed to develop property located within the CFD 7. (For
required for development of property located within CFD 5. (For a
a map of the district, please refer to the Investor Relations webpage on
map of the district, please refer to the Investor Relations webpage
the City’s website).
on the City’s website).
Original Issue Amount
$3,265,000 Original Issue Amount
Issuance Date $4,795,000

09/15/2016 Issuance Date
Repayment Sources 12/21/2021
Special Taxes levied on the affected parcels within the district. Repayment Sources
Maturity Date Special Taxes levied on the affected parcels within the district.

09/01/2047 Maturity Date
Outstanding Balance 09/01/2037
at June 30, 2024: $2,800,000. Outstanding Balance
at June 30, 2024: $4,365,000.