Tempe, Ariz., Industrial Development may refund some revenue bonds

By Ashley Montgomery

Kansas City, Kan., Dec. 16 - The Industrial Development Authority of the City of Tempe, Ariz., said it may issue revenue refunding bonds for the early repayment of some of its series 1993 refunding revenue bonds, series 2002 senior living revenue bonds and series 2004 senior living refunding revenue bonds.

The issuing of new revenue refunding bonds will be made at the request of the Friendship Village of Tempe, for which the bonds to be refunded were originally issued.

The following bonds are affected:

• $4,898,000 of 5.875% series 1993B bonds due Dec. 1, 2015;

• $7.46 million of 6.75% series 2002A bonds due Dec. 1, 2029;

• $4 million of 6.75% series 2002A bonds due Dec. 1, 2030;

• $2 million of 5.25% series 2002B-1 bonds due Dec. 1, 2031;

• $3 million of 5.1% series 2002B-2 bonds due Dec. 1, 2031;

• $48,055,000 of series 2002C bonds due Dec. 1, 2027;

• $4,385,000 of 5.375% series 2004A bonds due Dec. 1, 2013; and

• $2,525,000 of 5.25% series 2004B bonds due Dec. 1, 2016.

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