CUSIP 05714TAC6
- ISIN: US05714TAC62
- Entity Name: Baker Correctional Development Corp.
- Sector: Municipal Agency
- Announcement Date: 18-Apr-2017
- Effective Date: 20-Mar-2017
- Issue Date: *****
- Maturity Date: 01-Feb-2030
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Trustee Change
- News: Notice is hereby given of the replacement of Bank of Oklahoma, N.A., as trustee (the ""Prior Trustee"") by UMB Bank, N.A. (the ""Successor Trustee""), effective March 20, 2017, to act for the holders of the above-referenced Bonds. The Bonds were issued pursuant to a Trust Indenture between the Baker Correctional Development Corporation (the ""Issuer"") and the Prior Trustee dated as of February 1, 2008 (the ""Indenture""). UMB Bank, N.A. will also be replacing Bank of Oklahoma, N.A. as transfer agent effective May 2, 2017. The proceeds of the Bonds were used by the Issuer to finance the costs of the acquisition of approximately 90 acres of land in Baker County, Florida and the construction and equipping thereon of a 512-bed jail facility for the incarceration of inmates, detainees and criminals and administrative offices for the Baker County Sheriffs Office. The Bonds are secured as provided in the Indenture and in a Mortgage and Security Agreement, dated as of February 1, 2008, from the Issuer to the Prior Trustee.
- Description: Municipal Name: Baker Correctional Development Corp. CUSIP: 05714TAC6 Currency: USD Baker Correctional Development Corp. today announced the appointment of US UMB Bank, n.a. as successor trustee relating to its Series 2008 First Mortgage Revenue Bonds effective on March 20, 2017.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US05714TAC62
