Santa Monica Community College, Calif., defeases its 2005C G.O. bonds

By Tali David

Minneapolis, June 26 - The Santa Monica Community College District of Los Angeles County, Calif., defeased its general obligation bonds, 2002 election, 2005 series C, according to two notices.

The following will be redeemed at par plus accrued interest at their respective maturity dates:

• $4,995,000 of bonds due Aug. 1, 2014; and

• 4.73 million of bonds due Aug. 1, 2015.

The following will be redeemed at par plus accrued interest on Aug. 1, 2015:

• $4,786,110 of bonds due Aug. 1, 2016;

• $4,823,765.76 of bonds due Aug. 1, 2017;

• $4,852,483.74 of bonds due Aug. 1, 2018;

• $4,870,749.90 of bonds due Aug. 1, 2019;

• $4,884,684.36 of bonds due Aug. 1, 2020;

• $4,878,769.26 of bonds due Aug. 1, 2021;

• $4,869,018.33 of bonds due Aug. 1, 2022;

• $4,848,143.32 of bonds due Aug. 1, 2023;

• $4,816,817.56 of bonds due Aug. 1, 2024;

• $4,794,033.20 of bonds due Aug. 1, 2025;

• $4,754,339.10 of bonds due Aug. 1, 2026;

• $4,704,996.60 of bonds due Aug. 1, 2027;

• $5,119,288.07 of bonds due Aug. 1, 2028;

• $10,185,000 of bonds due Aug. 1, 2029; and

• $12,505,000 of bonds due Aug. 1, 2030.

U.S. Bank NA is the escrow agent.

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