City of Sartell
CUSIP 80380SAQ3
- Issue Currency: United States of America Dollars
- Announcement Date: 30-Jun-2017
- News: Country Manor Campus LLC is contemplating a negotiated bond issue, the proceeds of which will be used to current refund all of the outstanding Series 2010A Bonds. The contemplated refunding depends, in part, on fluid market conditions. There can be no assurance that the refunding bonds will be issued as planned. Should market conditions warrant, the refunding bond issue could close in the third quarter of 2017 or later.
- Issue Currency: United States of America Dollars
- Announcement Date: 30-Jun-2017
- News: Country Manor Campus LLC is contemplating a negotiated bond issue, the proceeds of which will be used to current refund all of the outstanding Series 2010A Bonds. The contemplated refunding depends, in part, on fluid market conditions. There can be no assurance that the refunding bonds will be issued as planned. Should market conditions warrant, the refunding bond issue could close in the third quarter of 2017 or later.
- Issue Currency: United States of America Dollars
- Announcement Date: 31-Jul-2018
- News: This Reportable Event Notice is being disclosed on the Electronic Municipal Market Access system (""EMMA"") pursuant to Securities and Exchange Commission Rule 15c2-12. The following have been authorized by the Issuer to distribute this information publicly: Dissemination Agent Contact Name/Title: Sara Beecher, Senior Disclosure Coordinator Company: Ehlers Address: N21W23350 Ridgeview Parkway West, Suite 100 Waukesha, WI 53188 Phone/Email: 262-785-1520/sbeecher@ehlers-inc.com Reportable Event Information Report The following notice is being provided on behalf of Issuer in accordance with their contractual agreement entered into pursuant to Rule 15c2-12 promulgated by the U.S. Securities and Exchange Commission, to provide notice of the following event which is likely to be important to bondholders or potential investors. The information provided in this Notice is subject to change. The delivery of this Notice may not, under any circumstances, create an implication that there has been no other change to the information provided about the Issuer or otherwise in the Final Official Statement. The Issuer has not agreed in any way to notify the secondary market of subsequent changes to the information in this Notice. Questions about this Notice should be directed to the contact above in writing via mail or electronic. Please be advised that the issuer may conclude that a specific response to particular inquires is not consistent with equal and full disseminations of information to all parties. No party should rely on the issuer as their sole source of information. The Issuer makes no recommendations and gives no investment advice herein or as to the Issuer`s obligations generally. Page 1 Municipal Market Reportable Event Date of Report: July 31, 2018 Description of Reportable Events Notice (Check One): 1. Principal and interest payment delinquencies 2. Non-Payment related defaults 3. Unscheduled draws on debt service reserves reflecting financial difficulties 4. Unscheduled draws on credit enhancements reflecting financial difficulties 5. Substitution of credit or liquidity providers, or their failure to perform 6. Adverse tax opinions or events affecting the tax-exempt status of the security 7. Modifications to rights of securities holders 8. Bond call 9. Defeasance 10. Release, Substitution, or sale of property securing repayment of the securities X 11. Rating changes 12. Failure to provide annual financial information as required 13. Other Reportable event notice (specify) NOTICE OF RATING CHANGE S&P Global Ratings raised its ratings on various Minnesota credit enhancement programs on July 25, 2018 following its upgrade to the state`s general obligation (GO) debt to ""AAA"" from ""AA+"". The outlook on all program ratings is stable. Ratings reflect only the views of the rating agency and any explanation of the significance of a rating may be obtained from the rating agency itself. Please Note: Underlying ratings assigned to an issuer are not affected by the credit enhancement rating change. The higher of the credit enhanced rating or the underlying rating (if there is one) is deemed to be the current rating on an issue.
