Assessment District No. 2000-1 (Oxnard Boulevard/Highway 101 Interchange) was established in 2000 and bonds were issued in 2003 to finance freeway interchange improvements at Oxnard Boulevard. The District is part of a coordinated financing solution to provide approximately $113.5 million of infrastructure improvements known as the Vineyard Avenue-Johnson Drive Freeway Improvement Project. The improvements consist of the following four major components: (a) a new 12-lane bridge on Highway 101 over the Santa Clara River; (b) extra lanes to Highway 101 between Vineyard Avenue and Montalvo railroad spur crossing; (c) an elevated rail grade crossing at Johnson Drive; and (d) a freeway interchange at Oxnard Boulevard.
Oxnard Boulevard/Highway 101 Interchange is a bonded district and matures with final maturity of September 2, 2033. Early payoff is available and a quote can be requested by contacting the Special Districts Administrator.