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Published on 3/26/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Fairfax County, Va., defeases 2006 Joint Public Uses Complex bonds

By Tali Rackner

Norfolk, Va., March 26 - The Fairfax County Economic Development Authority of Virginia defeased its series 2006 lease revenue bonds issued for the Joint Public Uses Complex Project, according to a notice.

The following will be redeemed at par plus accrued interest to their redemption dates:

• $4.27 million of 5% bonds due May 15, 2014; and

• $4,485,000 of 5% bonds due May 15, 2015.

The following will be redeemed at par plus accrued interest on May 15, 2016:

• $4.71 million of 5% bonds due May 15, 2016;

• $4,945,000 of 5% bonds due May 15, 2017;

• $5,195,000 of 5% bonds due May 15, 2018;

• $5,455,000 of 4% bonds due May 15, 2019;

• $5.67 million of 5% bonds due May 15, 2020;

• $5,955,000 of 4.25% bonds due May 15, 2021;

• $6,205,000 of 5% bonds due May 15, 2022;

• $6.52 million of 4.25% bonds due May 15, 2023;

• $6,795,000 of 5% bonds due May 15, 2024;

• $7,135,000 of 5% bonds due May 15, 2025; and

• $7.49 million of 4.5% bonds due May 15, 2026.

The Bank of New York Mellon Trust Co., NA is the escrow agent.


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