Page 17 - Moreno Valley Citizen's Guide to the Budget
P. 17
community facilities
district no. 5 of the
City of Moreno Valley 2021
Special Tax Refunding Bonds
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 bonds funded the construction of various public improvements
required for development of property located within CFD 5. (For a
map of the district, please refer to the Investor Relations webpage
on the City’s website).
Original Issue Amount
$4,795,000
Issuance Date 2021
12/21/2021
Repayment Sources
Special Taxes levied on the affected parcels within the district.
Maturity Date
09/01/2037
Outstanding Balance
at June 30, 2023: $4,530,000.
