Lake Las Vegas makes unscheduled reserve fund draws to make bond payments

By Caroline Salls

Pittsburgh, Aug. 5 - Lake Las Vegas and Lake Las Vegas Northshore made two unscheduled draws on reserve funds established for City of Henderson, Nev., local improvement districts to make Aug. 1 debt service payments on bonds, according to notices to bondholders.

Specifically, Lake Las Vegas made a $277,193 draw on the fund established for local improvement district 1's subordinate limited obligation refunding bonds, 2004 series B, and Lake Las Vegas Northshore made a $1.16 million draw for local improvement district 12's limited obligation bonds, 1998 series A.

There is $67,306 remaining in the Lake Las Vegas reserve fund and $3.73 million remaining in the Lake Las Vegas Northshore reserve fund.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.