Corona, Calif., defeases $5.89 million of Clearwater, Recycled COPs

By Tali David

Minneapolis, Aug. 2 - The City of Corona, Calif., defeased $5,885,000 of its Clearwater Cogeneration Project and Recycled Water Project series 2003 certificates of participation, according to a defeasance notice.

The following bonds will be redeemed on Sept. 1, 2013:

• $185,000 of 3.5% bonds due Sept. 1, 2012;

• $190,000 of 4% bonds due Sept. 1, 2013;

• $200,000 of 4% bonds due Sept. 1, 2014;

• $205,000 of 5% bonds due Sept. 1, 2015;

• $215,000 of 5% bonds due Sept. 1, 2016;

• $225,000 of 5% bonds due Sept. 1, 2017;

• $240,000 of 5% bonds due Sept. 1, 2018;

• $250,000 of 5% bonds due Sept. 1, 2019;

• $260,000 of 5% bonds due Sept. 1, 2020;

• $275,000 of 5% bonds due Sept. 1, 2021;

• $290,000 of 5% bonds due Sept. 1, 2022;

• $305,000 of 5% bonds due Sept. 1, 2023;

• $1,765,000 of 5% bonds due Sept. 1, 2028; and

• $1.28 million of 5% bonds due Sept. 1, 2031.

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

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