Palm Beach, Fla., defeases $105.35 million Biomedical Research bonds

By Tali David

Minneapolis, July 19 - Palm Beach County, Fla., defeased $105.35 million of its Biomedical Research Park Project public improvement bonds, series 2004A and 2005A, according to two defeasance notices.

The following 2004A bonds will be redeemed on Nov. 1, 2014:

• $1.9 million of bonds due Nov. 1, 2015;

• $1.97 million of bonds due Nov. 1, 2016;

• $2.04 million of bonds due Nov. 1, 2017;

• $2.12 million of bonds due Nov. 1, 2018;

• $2,205,000 of bonds due Nov. 1, 2019;

• $2,295,000 of bonds due Nov. 1, 2020; and

• $10,195,000 of bonds due Nov. 1, 2024.

The following 2005A bonds will be redeemed on June 1, 2015:

• $6.57 million of bonds due June 1, 2016;

• $6,895,000 of bonds due June 1, 2017;

• $7.24 million of bonds due June 1, 2018;

• $7,605,000 of bonds due June 1, 2019;

• $7,985,000 of bonds due June 1, 2020;

• $8,385,000 of bonds due June 1, 2021;

• $8,805,000 of bonds due June 1, 2022;

• $9,245,000 of bonds due June 1, 2023;

• $9,705,000 of bonds due June 1, 2024; and

• $10.19 million of bonds due June 1, 2025.

The Bank of New York Mellon Trust Co., NA is the escrow agent, and Wells Fargo Bank, NA is the paying agent.

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