California Debt and Investment Advisory Commission Fundamentals of Land Secured Financing March 24, 2011. Introduction. California Debt and Investment Advisory Commission Fundamentals of Land Secured Financing March 24, 2011. Session I
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Basic Structures of Assessment and Community Facilities Districts
(Gov’t code §53312.7)
District Formation Process
Existing Financing Team & Staff, plus…
(Official Statement, bond purchase agreement, etc.)
(good practice to retain earlier in process)
- Authority for issuance - Redemption provisions
- Debt service schedule - Sources and uses, etc.
- Special taxes / assessments - Reserve fund
- Land value estimates - ability to issue additional debt
- Foreclosure provisions, etc.
- Project pro-forma - Developer information
Administration of Liensand Bonds
Workshop Conclusionand Evaluation