Colorado Springs, Colo., defeases $130.26 million utilities system bonds

By Tali David

Minneapolis, Sept. 27 - The City of Colorado Springs, Colo., defeased $130.26 million of its series 2002A and 2002B utilities system subordinate-lien improvement and refunding revenue bonds, according to two notices.

The following 2002A refunding bonds will be redeemed at par plus accrued interest on Nov. 15:

• $580,000 of 5.25% bonds due Nov. 15, 2012;

• $1,925,000 of 5.25% bonds due Nov. 15, 2015;

• $12.79 million of 5.375% bonds due Nov. 15, 2016;

• $13.49 million of 5.375% bonds due Nov. 15, 2017;

• $14.22 million of 5.375% bonds due Nov. 15, 2018;

• $14,985,000 of 5.375% bonds due Nov. 15, 2019; and

• $15.79 million of 5.375% bonds due Nov. 15, 2020.

The following 2002B improvement bonds will be redeemed at par plus accrued interest on Nov. 15:

• $1.3 million of 5% bonds due Nov. 15, 2012;

• $1.51 million of 5% bonds due Nov. 15, 2013;

• $1,735,000 of 4% bonds due Nov. 15, 2014;

• $1.98 million of 4.1% bonds due Nov. 15, 2015; and

• $49,955,000 of 5% bonds due Nov. 15, 2030.

Wells Fargo Bank, NA is the paying agent.

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