HomeMy WebLinkAbout1 Overview Debt Service AD FundsDebt Service Assessment District Funds
Debt Service Funds are used to account for the accumulation of resources and payment
of bond principal and interests from special assessment levies.
AD No. 94-3 Merano. The bonds were issued to provide funds for public improvements,
and was partially refunded through AD No. 01-01, Silver Spur.
$2,955,000 1915 Act Improvement Bonds Assessment District No. 98-1 (Canyons at
Bighorn). The bonds were issued to finance the acquisition of certain roadway
improvements and water and sewer facilities associated with the Canyons at Bighorn
development. The bonds are not general obligations of the City the debt is payable from
the assessments collected from the owners of properties located within the district.
$4,423,000 1915 Act Improvement Bonds Assessment District No. 01-01 (Silver
Spur Public Improvements). The bonds were issued to provide funds for public
improvements and refunding of AD No. 94-2 Sunterrace and AD No. 94-3 Merano. The
bonds are not general obligations of the City the debt is payable from the assessments
collected from the owners of properties located within the district.
$3,165,000 Highlands Underground Assessment District No. 04-01, Limited
Obligation Improvement Bonds. The bonds were issued to finance the construction of
utilities undergrounding and pay the cost of issuance.
$29,430,000 Section 29 Assessment District No. 2004-02 Limited Obligation
Improvement Bonds. The bonds were issued to finance certain infrastructure
improvements within the City’s Section 29 Assessment District. The bonds are not
general obligations of the City the debt is payable from the assessments collected from
the owners of properties located within the district.
$10,935,000 2008 Special Tax Refunding Bonds Community Facilities District No.
91-1 (Indian Ridge). The bonds were issued to refund and defease all the outstanding
$16,260,000 principal of the Palm Desert Financing Authority 1997 Revenue Bonds. The
bonds are not general obligations of the City the debt is payable from the assessments
collected from the owners of properties located within the district.
$67,915,000 Community Facilities District No. 2005-1 (University Park). The bonds
were issued to finance the construction and acquisition of public facilities that benefit the
District. The bonds are not general obligations of the City the debt is payable from the
assessments collected from the owners of properties located within the district.
City Financing Authority. Fund is used to account for the resources and payment of the
debt issued by the Palm Desert Financing Authority.
AD 83-1 Improvement Bond Act of 1915: The Bonds were issued to fund public
facilities to include Construction of storm drain system and street improvements. The
Bonds are not general obligations of the City. This district was refunded by the Palm
Desert Financing Authority 1995 Revenue Bonds (AD 83-1, 84-1R, and 87-1)
AD 84-1 North Sphere 1915 Act Improvement Bonds: The Bonds were issued to
fund public facilities to include Construction of storm drain system, domestic water
improvements and street improvements. The Bonds are not general obligations of the
City. This district was refunded by the Palm Desert Financing Authority 1995 Revenue
Bonds (AD 83-1, 84-1R, and 87-1)
87-1 Improvement Bond Act of 1915: The Bonds were issued to fund public facilities
to include Construction of sanitary sewer system and street improvements. The Bonds
are not general obligations of the City. This district was refunded by the Palm Desert
Financing Authority 1995 Revenue Bonds (AD 83-1, 84-1R, and 87-1)
AD 94-1 Improvement Bond Act of 1915: The Bonds were issued to fund public
facilities to include water system improvements, roadway widening improvements to
State Highway 74. The Bonds are not general obligations of the City. This district was
refunded by the Palm Desert Financing Authority 1997 Revenue Bonds
AD No. 94-2 Improvement Act Bond of 1915: The Bonds were issued to fund Street,
water system, and sanitary sewer system improvements. The Palm Desert Financing
Authority 2003 Assessment Revenue Bonds refunded this district.