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Published on 1/22/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

West Sacramento, Calif., calls $47.14 million of redevelopment bonds

By Tali Rackner

Minneapolis, Jan. 22 - The Redevelopment Agency of the City of West Sacramento, Calif., called $47,135,000 of its series 1998 tax allocation bonds issued for the West Sacramento Redevelopment Project, according to a notice.

The following will be redeemed at par on March 1:

• $2,195,000 of 4.75% bonds due Sept. 1, 2015;

• $2,295,000 of 4.75% bonds due Sept. 1, 2016;

• $2,405,000 of 4.75% bonds due Sept. 1, 2017;

• $2,535,000 of 4.75% bonds due Sept. 1, 2018;

• $2,655,000 of 4.75% bonds due Sept. 1, 2019;

• $2.78 million of 4.75% bonds due Sept. 1, 2020;

• $2,915,000 of 4.75% bonds due Sept. 1, 2021;

• $3.06 million of 4.75% bonds due Sept. 1, 2022;

• $3,205,000 of 4.75% bonds due Sept. 1, 2023;

• $3.36 million of 4.75% bonds due Sept. 1, 2024;

• $11.16 million of 4.75% bonds due Sept. 1, 2027; and

• $8.57 million of 5% bonds due Sept. 1, 2029.

Union Bank, NA is the escrow agent.


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