CUSIP 52605NBG3
- ISIN: US52605NBG34
- Entity Name: City of Lenexa
- Sector: Municipal
- Announcement Date: 14-Jul-2017
- Effective Date: 14-Jul-2017
- Issue Date: *****
- Maturity Date: 01-Apr-2027
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Defaulted Principal Payment
- News: The Trustee has received the property tax increment for the 2016 taxes in two installments. As of July 1, 2017, the Trustee had a total on hand of $247,526.79. Of this amount $235,000.00 will be paid to holders of the Bonds on July 14, 2017. $5,000 in Trustees fees are or will be due and payable for the periods ending April 1, 2017 and October 1, 2017 which will be paid from the funds on hand. Under the terms of Section 907(b)(2) of the Indenture, if the principal of the Bonds has been declared due and payable, all moneys to be applied to payment of the Bonds is to be applied to principal, premium (if any) and interest then due and unpaid on the Bonds without preference or priority of principal, premium or interest over the others or of any installment of interest over any other installment of interest or of any Bond over any other Bond, ratably, according to the amounts due respectively for principal, premium (if any) and interests to the persons entitled thereto without any discrimination or privilege.
- Description: Municipal Name: City of Lenexa CUSIP: 52605NBG3 Currency: USD City of Lenexa announced today that the trustee made a defaulted principal payment in the amount of USD 184,500.00 for the periods ending April 1, 2017 and October 1, 2017 for the Series 2007 Special Obligation Tax Increment Revenue Bonds on July 14, 2017.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US52605NBG34
