In 1996, the Joshua Basin Water District (the “JBWD”) formed the Copper Mountain Mesa Assessment District 1995-2 (the “District”) and issued bonds to finance the construction of potable water system facilities, including pipelines, a booster pumping station, a water storage reservoir, and the necessary appurtenances for the benefit of property owners within the District. JBWD sold the bonds to the United States Department of Agriculture (the “USDA”), who is now the sole bondholder. As directed by the Board of Directors and requested by the USDA, the District’s debt service schedule was re-amortized for a second time in 2002. The District’s bonds are scheduled to mature on September 2, 2035.  See more information in the attachments below.