CUSIP 490762AL5


  • ISIN: US490762AL55
  • Entity Name: City of Kent Special Events Center Public Facilities District
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Unscheduled Draw
  • News: The City of Kent Special Events Center Public Facilities District, King Count, Washington (the District) provides this notice pursuant to its continuing disclosure undertaking entered into pursuant to Rule 15c2-12 under the Securities Exchange Act of 1934 (the Rule) in connection with the issuance of the above referenced bonds (the Bonds). In connection with the issuance of the Bonds, the District and the City of Kent, Washington (the City) entered into the Contingent Loan and Support Agreement Regarding Financing for Kent Special Events Center (the Contingent Loan Agreement) to provide credit support for the Bonds. The District has drawn on the Contingent Loan Agreement to receive advances from the City to pay a portion of the debt service on the Bonds for the years 2009 through 2016.The amount of the draw was recorded as either intergovernmental or miscellaneous revenue or as issuance of notes payable in the Districts financial statements. The following table shows the amounts the City has advanced to the District to pay a portion of the debt service on the Bonds: District Bonds Debt Amount Year Service(1) Advanced by the City 2009 $ 3,716,816 $ 3,072,613 2010 3,744,441 3,219,437 2011 3,735,050 3,093,077 2012 3,738,240 3,064,026 2013 3,812,429 3,104,475 2014 3,796,061 3,029,824 2015 3,881,053 3,184,222 2016(2) 1,486,622 1,112,995 1 Reflects the payment of principal and interest on the Special Events Center Revenue Bonds, 2008 (Taxable) (the Revenue Bonds) for the years 2009 through 2015, inclusive, and interest only on the Special Events Center Sales Tax Bonds, 2008 for such years. Principal on the Sales Tax Bonds is scheduled to begin amortizing in 2020. 2 Reflects on the interest only payments of June 1, 2016 on both series of bonds. For Bond Document please visit www.BondPDF.com
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US490762AL55

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