Assessment District No. 2001-1 (Rice Avenue/Highway 101 Interchange) was established in 2002 and bonds were issued to finance improvements generally consisting of a new 8-lane over-crossing, northbound and southbound on-ramps and off-ramps connecting to U.S. Highway 101, Ventura Boulevard realignment, traffic signals at each ramp, landscaping, irrigation, decorative lighting and railing, public art, sidewalks, curbs, gutters, and pedestrian and bicycle paths. The improvements include all required rights-of-way and easements, and will be constructed, acquired and/or installed in accordance with the plans and specifications.
The Rice Avenue/Highway 101 Interchange is a bonded district with final maturity of 9/2/2032. Early payoff is available and a quote can be requested by contacting the Special Districts Division.