Mello-Roos Bonds: Poway School District.

[PadreBrian]

Those are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.

[oxfordrick]

thanks guys, I appreciate you wading all the way through that long report!

In the report dated 8/31/08 (next one due at the end of February they show (I think)

1148 developable units (includes 225 multifamily)
949 developed parcels
689 permits pulled
430 units completed
407 sold, closed escrow.

Yes Brian these numbers were reported 8/31/08.

Do you have reason to believe that they are different now?

[oxfordrick]

thanks guys, I appreciate you wading all the way through that long report!

In the report dated 8/31/08 (next one due at the end of February they show (I think)

1148 developable units (includes 225 multifamily)
949 developed parcels
689 permits pulled
430 units completed
407 sold, closed escrow.

Yes Brian these numbers were reported 8/31/08.

Do you have reason to believe that they are different now?

[oxfordrick]

thanks guys, I appreciate you wading all the way through that long report!

In the report dated 8/31/08 (next one due at the end of February they show (I think)

1148 developable units (includes 225 multifamily)
949 developed parcels
689 permits pulled
430 units completed
407 sold, closed escrow.

Yes Brian these numbers were reported 8/31/08.

Do you have reason to believe that they are different now?

[oxfordrick]

thanks guys, I appreciate you wading all the way through that long report!

In the report dated 8/31/08 (next one due at the end of February they show (I think)

1148 developable units (includes 225 multifamily)
949 developed parcels
689 permits pulled
430 units completed
407 sold, closed escrow.

Yes Brian these numbers were reported 8/31/08.

Do you have reason to believe that they are different now?

[oxfordrick]

thanks guys, I appreciate you wading all the way through that long report!

In the report dated 8/31/08 (next one due at the end of February they show (I think)

1148 developable units (includes 225 multifamily)
949 developed parcels
689 permits pulled
430 units completed
407 sold, closed escrow.

Yes Brian these numbers were reported 8/31/08.

Do you have reason to believe that they are different now?

[murf2222]

So what interest rate do these bonds pay?

[murf2222]

So what interest rate do these bonds pay?

[murf2222]

So what interest rate do these bonds pay?

[murf2222]

So what interest rate do these bonds pay?

[murf2222]

So what interest rate do these bonds pay?

[oxfordrick]

5.25% on face value.

But they’re trading at a discount….
What do you think that they are worth?

[oxfordrick]

5.25% on face value.

But they’re trading at a discount….
What do you think that they are worth?

[oxfordrick]

5.25% on face value.

But they’re trading at a discount….
What do you think that they are worth?

[oxfordrick]

5.25% on face value.

But they’re trading at a discount….
What do you think that they are worth?

[Author]

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