Miami-Dade County, Fla., defeases 2005, 2006 toll system revenue bonds

By Tali Rackner

Norfolk, Va., Oct. 15 – The Miami-Dade County Expressway Authority of Florida defeased its series 2005 and 2006 toll system revenue bonds, according to two notices.

The following 2005 bonds will be redeemed at par plus accrued interest on Nov. 1:

• $36.52 million of series 2005A bonds;

• $36.54 million of series 2005B bonds;

• $36.54 million of series 2005C bonds;

• $25,665,000 of series 2005D bonds; and

• $25.67 million of series 2005E bonds.

The following 2006 bonds will be redeemed at par plus accrued interest on July 1, 2016:

• $5.67 million of 5% bonds due July 1, 2020;

• $4.15 million of 4.125% bonds due July 1, 2021;

• $5.14 million of 5% bonds due July 1, 2022;

• $12,125,000 of 5% bonds due July 1, 2023;

• $14,705,000 of 5% bonds due July 1, 2024;

• $15,635,000 of 5% bonds due July 1, 2025;

• $17.64 million of 5% bonds due July 1, 2026; and

• $34.86 million of 5% bonds due July 1, 2031.

The Bank of New York Mellon Trust Co., NA is the trustee.

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