Marin Community College District
CUSIP 56781RCY1
- Issue Currency: United States of America Dollars
- Announcement Date: 14-Dec-2017
- News: Notice is hereby given to the holders of the outstanding Marin Community College District (County, California) Election of 2004 General Obligation Bonds, Series C maturing on August 1, 2022 through and including August 1, 2034 the Bonds) (i) that there has been deposited with U.S. Bank National Association, as escrow agent (the Escrow Agent), moneys and investment securities as permitted by the Escrow Agreement, dated as of December 1, 2017, between the Marin Community College District and the Escrow Agent (the Agreement), the principal of and the interest on which when due will provide moneys which, together with such other moneys deposited with the Escrow Agent, shall be available and sufficient (a) to pay the interest with respect to the Bonds scheduled to be paid on and prior to August 1, 2021 and (b) to redeem the Bonds on August 1, 2021 at a redemption price (expressed as a percentage of the principal amount of the Bonds to be redeemed) equal to 100%; (ii) that the Escrow Agent has been irrevocably instructed to redeem on August 1, 2021 such Bonds; and (iii) that such Bonds are deemed to be paid in accordance with Sections 3 and 9 of the Agreement.
- Issue Currency: United States of America Dollars
- Announcement Date: 14-Dec-2017
- News: Notice is hereby given to the holders of the outstanding Marin Community College District (County, California) Election of 2004 General Obligation Bonds, Series C maturing on August 1, 2022 through and including August 1, 2034 the Bonds) (i) that there has been deposited with U.S. Bank National Association, as escrow agent (the Escrow Agent), moneys and investment securities as permitted by the Escrow Agreement, dated as of December 1, 2017, between the Marin Community College District and the Escrow Agent (the Agreement), the principal of and the interest on which when due will provide moneys which, together with such other moneys deposited with the Escrow Agent, shall be available and sufficient (a) to pay the interest with respect to the Bonds scheduled to be paid on and prior to August 1, 2021 and (b) to redeem the Bonds on August 1, 2021 at a redemption price (expressed as a percentage of the principal amount of the Bonds to be redeemed) equal to 100%; (ii) that the Escrow Agent has been irrevocably instructed to redeem on August 1, 2021 such Bonds; and (iii) that such Bonds are deemed to be paid in accordance with Sections 3 and 9 of the Agreement.
- Issue Currency: United States of America Dollars
- Announcement Date: 13-Nov-2017
- News: Moody`s Investors Service has assigned an Aaa rating to the Marin Community College District, CA`s 2017 General Obligation Refunding Bonds. The bonds have an expected par value of $50 million. We have also upgraded the rating on district`s outstanding $310 million of general obligation bonds to Aaa from Aa1. The outlook is stable. For Bond Document please visit www.BondPDF.com
