Fairfax County Water, Va., defeases $68.26 million 2005A, 2007 bonds

By Tali David

Minneapolis, Feb. 26 - The Fairfax County Water Authority, Va., defeased $52,185,000 of its series 2005A and $16,075,000 of its series 2007 water refunding revenue bonds, according to two notices.

The following 5% 2005A bonds will be redeemed at par on April 1, 2015:

• $5,935,000 of bonds due April 1, 2016;

• $6.23 million of bonds due April 1, 2017;

• $3,325,000 of bonds due April 1, 2018;

• $3,785,000 of bonds due April 1, 2019;

• $4,055,000 of bonds due April 1, 2020;

• $3,845,000 of bonds due April 1, 2021;

• $3.7 million of bonds due April 1, 2022;

• $2,235,000 of bonds due April 1, 20123;

• $2.34 million of bonds due April 1, 2024;

• $2.46 million of bonds due April 1, 2025; and

• $14,275,000 of bonds due April 1, 2020.

The following 2007 bonds will be redeemed at par on April 1, 2017:

• $1,285,000 of 5% bonds due April 1, 2018;

• $1,355,000 of 5% bonds due April 1, 2019;

• $1.42 million of 5% bonds due April 1, 2020;

• $1,495,000 of 5% bonds due April 1, 2021;

• $1,565,000 of 4.25% bonds due April 1, 2022;

• $1,635,000 of 4.3% bonds due April 1, 2023;

• $1.71 million of 4.5% bonds due April 1, 2024;

• $1,785,000 of 4.5% bonds due April 1, 2025;

• $1.87 million of 4.5% bonds due April 1, 2026; and

• $1,955,000 of 4.5% bonds due April 1, 2027.

U.S. Bank, NA is the trustee and escrow agent.

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