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Published on 12/23/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Goat Hill Properties, Wash., defeases series 2005 lease revenue bonds

By Tali David

Minneapolis, Dec. 23 - Goat Hill Properties defeased its series 2005 lease revenue bonds issued for the King County, Wash., Governmental Office Building Project, according to a notice.

The following will be redeemed on Dec. 1:

• $2.98 million of 5% bonds due Dec. 1, 2015;

• $3.13 million of 5.25% bonds due Dec. 1, 2016;

• $3,295,000 of 4% bonds due Dec. 1, 2017;

• $3,425,000 of 4% bonds due Dec. 1, 2018;

• $3.56 million of 4.125% bonds due Dec. 1, 2019;

• $3.71 million of 5.25% bonds due Dec. 1, 2020;

• $3,905,000 of 5% bonds due Dec. 1, 2021;

• $4.1 million of 5% bonds due Dec. 1, 2022;

• $4,305,000 of 5% bonds due Dec. 1, 2023;

• $4.52 million of 5% bonds due Dec. 1, 2024;

• $4,745,000 of 5% bonds due Dec. 1, 2025; and

• $4.98 million of 5% bonds due Dec. 1, 2026.

U.S. Bank NA is the escrow agent.


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