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Tallahassee, Fla., announces $5.38 million defeasance of capital bonds
By Tali David
Minneapolis, Aug. 6 - The city of Tallahassee, Fla., defeased $5,375,000 of its series 2004 capital bonds, according to a defeasance notice.
The following bonds will be redeemed on the earlier of maturity or October 1, 2014:
• $680,000 of 3.25% bonds due Oct. 1, 2012;
• $680,000 of 5% bonds due Oct. 1, 2013;
• $720,000 of 5% bonds due Oct. 1, 2014;
• $755,000 of 3.85% bonds due Oct. 1, 2015;
• $840,000 of 5% bonds due Oct. 1, 2016;
• $830,000 of 5% bonds due Oct. 1, 2017; and
• $870,000 of 5% bonds due Oct. 1, 2018.
U.S. Bank NA is the escrow holder.
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