Colorado Springs defeases subordinate lien improvement revenue bonds

By Ashley Montgomery

Kansas City, Kan., May 9 - The City of Colorado Springs, Colo., has defeased its series 2003A and 2003B utilities system subordinate lien improvement revenue bonds and its series 2004B subordinated lien improvement revenue bonds, according to a notice.

The affected bonds include series 2003A bonds due on Nov. 15 in the years 2016 and 2023 to 2033; series 2003B bonds due on Nov. 15 in the years 2015 to 2043; and series 2004B bonds due on Nov. 15 in the years 2015 to 2025.

The 2003A and 2003B bonds will be redeemed Nov. 15, 2013. The 2004B bonds will be redeemed Nov. 15, 2014.

All of the bonds will be redeemed at par, plus accrued interest to the redemption date.

The original principal amounts are $113.31 million for the 2003A bonds, $45 million for the 2003B bonds and $107,115,000 for the 2004B bonds.

Wells Fargo Bank, NA is the agent.

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