Sarasota County, Fla., defeases $11.24 million ad valorem tax bonds

By Melissa Kory

Cleveland, Aug. 15 - Sarasota County of Florida said it defeased $11.24 million of its series 2008 environmentally sensitive lands and parkland program limited ad valorem tax bonds.

The bonds will be redeemed on Oct. 1, 2018 at par plus accrued interest.

The bonds affected include:

• $420,000 of 4% bonds due Oct. 1, 2016;

• $1.18 million of 3.75% bonds due Oct. 1, 2017;

• $1.225 million of 4% bonds due Oct. 1, 2018;

• $1.275 million of 4.125% bonds due Oct. 1, 2019;

• $565,000 of 5% bonds due Oct. 1, 2020;

• $590,000 of 5% bonds due Oct. 1, 2021;

• $625,000 of 5% bonds due Oct. 1, 2022;

• $650,000 of 5% bonds Oct. 1, 2023;

• $685,000 of 5.25% bonds due Oct. 1, 2024;

• $725,000 of 5.25% bonds due Oct. 1, 2025;

• $760,000 of 5.25% bonds due Oct. 1, 2026;

• $800,000 of 5.25% bonds due Oct. 1, 2027;

• $840,000 of 5.25% bonds due Oct. 1, 2028; and

• $900,000 of 5.25% bonds due Oct. 1, 2029.

U.S. Bank, NA is the redemption agent.

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