Palm Coast, Fla., defeases series 2003 utility system revenue bonds

By Marisa Wong

Madison, Wis., July 12 - City of Palm Coast, Fla., defeased its series 2003 utility system revenue bonds on July 9, according to a notice.

The defeased bonds include the following:

• $2,355,000 of 5% bonds due Oct. 1, 2014;

• $2.47 million of 5% bonds due Oct. 1, 2015;

• $2,595,000 of 5% bonds due Oct. 1, 2016;

• $2,725,000 of 5.25% bonds due Oct. 1, 2017;

• $2,865,000 of 5.25% bonds due Oct. 1, 2018;

• $3,015,000 of 5.25% bonds due Oct. 1, 2019;

• $3,175,000 of 5.25% bonds due Oct. 1, 2020;

• $3.34 million of 5.25% bonds due Oct. 1, 2021;

• $3.52 million of 5% bonds due Oct. 1, 2022;

• $3,695,000 of 5% bonds due Oct. 1, 2023;

• $3.88 million of 5% bonds due Oct. 1, 2024;

• $12,835,000 of 5% bonds due Oct. 1, 2027;

• $9,655,000 of 4.75% bonds due Oct. 1, 2029; and

• $22.29 million of 5% bonds due Oct. 1, 2033.

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

Wells Fargo Bank, NA is the agent.

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