Page 14 - 2017 Bonded Debt Summary
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OTHER RELATED ISSUES





                NON-COMMITMENT DEBT



                Non-Commitment  Debt  (also  known  as  Conduit  Debt)  is  a  financing  tool  utilized  by  private
                companies, non-profit organizations and public authorities that funds projects through the issuance
                of tax-exempt debt. Conduit financing generally supports capital improvements that provide public
                benefit. The debt is the responsibility of the property or project developer and the city has no
                liability for repayment of the bonds. The City acts as an agent for the property owners in collecting
                the approved special tax or assessments from the property tax bills and forwarding the collected
                tax revenues  to bondholders.




                THE COMMUNITY FACILITIES DISTRICT NO. 5 OF THE CITY OF MORENO VALLEY
                2007 SPECIAL TAX BONDS (CFD 5)


                Description: The CFD 5 bonds funded the construction of various public improvements needed to
                develop property located within the CFD 5, at the corner of Nason St., Fir Ave., and Eucalyptus Ave..
                (For a map of the district please refer to the Investor Relations webpage on the City’s website.)


                Original Issue Amount: $5,870,000
                Issue Date: 5/31/2007
                Repayment Sources: Special Taxes levied on the effected parcels within the district.
                Maturity Date: 9/1/2037
                Outstanding Balance at June 30, 2016: $5,605,000.
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