Fontana, Calif., Hopes Developer Will Erase Stigma of Default

Finestone, Deborah
November 2001
Bond Buyer;11/9/2001, Vol. 338 Issue 31262, p5
Trade Publication
Reports that officials in Fontana, California has selected property developing company Lennar Partners in hope for clearing the default of 1991 Mello-Roos bond issue in troubled community facility district in the Southern California city. Cause for the bonds related default; Time expected to complete the deal with property developer and resolve the problem; Amount of principal and interest of debt owed by the district.


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