RSG COVID-19 Economic Response Team →

Ridgecrest Successor Agency Bond Disclosure Reports

Fountain at Night

June 29, 2021

The Successor Agency to the Ridgecrest Redevelopment Agency has retained RSG to draft and submit Bond Disclosure Reports for FYs 2017-18 to 2021-22 to fulfill the requirements of the Form of Continuing Disclosure Certificate (“Disclosure Certificate”) for the 2018 Tax Allocation Refunding Bonds (“2018 TARB”). To satisfy the requirements of the Disclosure Certificate, RSG analyzed property tax data in the project area located in Ridgecrest, CA and included the following calculations in the Bond Disclosure Reports:

  • Assessed valuations of taxable property
  • Top ten taxpayers
  • Gross tax increment revenues
  • The ratio of tax revenues to scheduled debt service, outstanding parity bonds, and subordinate obligations
  • The status of assessment appeals for 270 days after the fiscal year when the bonds were issued

As the Dissemination Agent, RSG is responsible for reporting significant event notices and uploading the Continuing Disclosure Reports to the Electronic Municipal Market Access database or distributing the report directly to the bondholder. RSG has fulfilled the requirements of the Disclosure Certificate in the annual Bond Disclosure Reports and will continue to do so.