Baker Correctional Development Corp.
CUSIP 05714TAC6
- Issue Currency: United States of America Dollars
- Announcement Date: 18-Apr-2017
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 18-Apr-2017
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 30-Jun-2017
- News: On the Exchange Date, there will be a mandatory exchange of the Series 2008 Bonds for the Amended Series 2008 Bonds. Holders of the Series 2008 Bonds will receive the Amended Series 2008 Bonds. The Amended Series 2008 Bonds will be issued in minimum denominations of $5,000. Additional details of the exchange are as follows: Series 2008 Cusip Interest Rate Maturity Date Amended 2008 Bonds Principal Amount of Amended 2008 Bonds to be Issued Rate per $1,000 to be Issued Amended 2008 Interest Rate Amended 2008 Maturity Date 05714TAC6 7.500% 2/1/2030 05714TAD4 36,276,300.00 1020.00 8.00% 2/1/2030
