Hennepin County, Minn., to price $97.45 million bonds, notes, COPs

By Cristal Cody

Tupelo, Miss., Oct. 3 - Hennepin County in Minnesota plans to price $97.445 million in general obligation bonds, capital notes and certificates of participation through competitive sales on Wednesday, according to sale notices released Friday.

The sale includes $63.51 million series 2008D general obligation bonds with serial maturities from 2009 through 2028, $15 million series 2008E general obligation capital notes with serial maturities from 2009 through 2017 and $18.935 million series 2008F lease revenue refunding certificates of participation with serial maturities from 2009 through 2015.

Public Financial Management is the county's financial adviser.

Proceeds will be used for library improvements, various capital improvements and costs of capital equipment.

The proceeds also will be used to defease obligations under the lease and purchase option agreement between Center Hospital and the county and to redeem the series 1998 lease revenue refunding certificates of participation's serial maturities from 2009 through 2015, which are callable on Nov. 15, and the series 1998B general obligation bonds' serial maturities from 2009 through 2019, which are callable on Dec. 1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.