Mesquite ISD, Texas, defeases $38.56 million of unlimited tax bonds

By Tali David

Minneapolis, June 21 - Mesquite Independent School District, Texas, defeased $38,559,758.86 of its unlimited tax bonds, according to a Rule 15c2-12 filed with the Securities and Exchange Commission.

On Aug. 15, Mesquite will redeem all $18,555,000 of its series 2003 unlimited tax school building and refunding bonds due 2013 through 2022 and 2028.

On Feb. 15, 2013, it will redeem $1,535,000 of its series 2004 unlimited tax refunding bonds due 2014 and 2015. Following the redemptions, $3.37 million of the bonds will remain outstanding.

On Aug. 15, 2014, the district will redeem $13,105,000 of its series 2004-A unlimited tax refunding and school building bonds due 2016 through 2025, 2027 and 2030. Following the transactions, $5.22 million of the bonds will remain outstanding.

Also on Aug. 15, 2014, Mesquite will redeem $5,364,758.86 of its series 2005-A unlimited tax school building and refunding bonds due 2027 through 2031. Following the redemptions, $2,159,260.94 will remain outstanding.

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