SIGNIFICANT EVENT REPORT
NOTICE OF DEFEASANCE AND
TERMINATION OF REPORTING OBLIGATION
COMMUNITY FACILITIES DISTRICT NO. 2003-2
(THE COLONIES AT SAN ANTONIO)
IMPROVEMENT AREA NO. 1
$22,500,000 SPECIAL TAX BONDS
SERIES A OF 2004
CUSIP: 91535N
CITY OF UPLAND
SAN BERNARDINO COUNTY, CALIFORNIA
Pursuant to an Official Statement dated May 5, 2004, the City of Upland, (the “City”’) issued
$22,500,000 Community Facilities District No. 2003-2 (The Colonies at San Antonio),
Improvement Area No. 1, Special Tax Bonds, Series A of 2004 (the “Bonds”) to finance the
acquisition, construction and improvement costs of certain public infrastructure within
Community Facilities District No. 2003-2 (The Colonies at San Antonio) (“District”)
Improvement Area No. 1.
Pursuant to the Official Statement dated August 1, 2012, the City issued $22,060,000 Special
Tax Refunding Bonds, Issue of 2012 (“the Bonds”) to provide funds for the refunding on a
current basis of the $22,500,000 Community Facilities District 2003-2 of the City of Upland
(The Colonies at San Antonio), Improvement Area No. 1 Special Tax Bonds, Series A of
2004, of which $22,075,000 were outstanding (“the 2004 Bonds”) and pay costs associated
with the issuance of the Bonds.
As of the date of issuance for the 2012 Bonds, the 2004 Bonds are defeased and the
reporting obligation in regards to Community Facilities District No. 2003-2 (The Colonies at
San Antonio), Improvement Area No. 1, Special Tax Bonds, Series A of 2004 in the City of
Upland has been terminated in accordance with Section 6 of the Continuing Disclosure
Certificate.
This Notice of Defeasance and Termination of Reporting may contain information material
to Bond owners and does not purport to contain all material information with respect to the
Bonds or the financial condition of the District. The information set forth herein has been
furnished by the District and by sources, which are believed to be accurate and reliable but is
not guaranteed as to accuracy or completeness. Statements contained in this Notice of