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FINAL PFM Bond Resolution-LTGO Refunding Bond 2020
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2020-01-21 10:00 AM - Commissioners' Agenda
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FINAL PFM Bond Resolution-LTGO Refunding Bond 2020
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Last modified
1/16/2020 1:42:10 PM
Creation date
1/16/2020 1:41:44 PM
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Meeting
Date
1/21/2020
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
h
Order
8
Placement
Consent Agenda
Row ID
59336
Type
Resolution
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Page 1—Appendix B 502686980 v1 <br />APPENDIX B <br />Notice of Defeasance* <br /> <br />Kittitas County, Washington <br />Limited Tax General Obligation and Refunding Bonds, 2010 <br /> <br />NOTICE IS HEREBY GIVEN to the owners of that portion of the above captioned bonds <br />with respect to which, pursuant to an Escrow Agreement dated ____________ __, 2020, by and <br />between Kittitas County, Washington (the “County”) and _______________, ______, _______ <br />(the “Escrow Agent”), the County has deposited into an escrow account, held by the Escrow <br />Agent, cash or non-callable direct obligations of the United States of America, the principal of <br />and interest on which, when due, will provide money to pay each year, to and including the <br />respective maturity or redemption dates of such bonds so provided for, the principal thereof and <br />interest thereon (the “2010 Bonds”). Such 2010 Bonds are therefore deemed to be no longer <br />outstanding pursuant to Resolution No. 2010-099 of the County authorizing the 2010 Bonds, but <br />will be paid by application of the assets in such escrow. <br />The 2010 Bonds are described as follows: <br />Kittitas County, Washington <br />Limited Tax General Obligation and Refunding Bonds, 2010 <br /> <br />(Dated September 30, 2010) <br /> <br />Maturity Years <br />(December 1) <br />Par Amounts <br />Defeased <br />Interest <br />Rates <br /> <br />CUSIP Nos. <br />Call Date <br />(100%) <br />2020 $ 510,000 3.000% 498226AZ2 06/01/2020 <br />2021 520,000 3.000 498226BA6 06/01/2020 <br />2022 530,000 3.000 498226BB4 06/01/2020 <br />2023 555,000 3.000 498226BC2 06/01/2020 <br />2024 565,000 3.125 498226BD0 06/01/2020 <br />2025 590,000 3.250 498226BE8 06/01/2020 <br />2026 610,000 3.375 498226BF5 06/01/2020 <br />2027 625,000 3.375 498226BG3 06/01/2020 <br />2028 650,000 3.500 498226BH1 06/01/2020 <br />2029 665,000 3.625 498226BJ7 06/01/2020 <br />2030 690,000 3.750 498226BK4 06/01/2020 <br /> <br /> <br /> <br />* This notice shall be given immediately by first -class mail to each registered owner of the 2010 Bonds. In <br />addition notice shall be mailed to The Depository Trust Company of New York, New York; Robert W. Baird & Co.; <br />Fitch Ratings, S&P Global Ratings, and the MSRB.
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