North Range Metropolitan District No. 1


CUSIP 661765AQ0
  • Issue Currency: United States of America Dollars
  • Announcement Date: 22-Jun-2016
  • News: NOTICE IS HEREBY GIVEN that certain of the outstanding North Range Metropolitan District No. 1, in the City of Commerce City, Adams County, Colorado, Limited Tax General Obligation Refunding Bonds, Series 2007, dated February 27, 2007, originally issued in the aggregate principal amount of $35,300,000 (the ""Series 2007 Bonds"") in the amount of $25,555,000, have been defeased (the ""Refunded Bonds""). The remaining Series 2007 Bonds not being defeased will remain o utstanding and principal and interest will continue to be paid in accordance with their terms. The Refunded Bonds more specifically includes the following bonds: Principal Amount Maturity Date (December 15) CUSIP Numbers 1,210,000 2017 661765 AM9 1,270,000 2018 661765 AR8 1,325,000 2019 661765 AS6 2,835,000 2021 661765 AN7 4,795,000 2024 661765 AP2 5,520,000 2027 661765 AT4 8,600,000 2031 661765 AQO The Refunded Bonds have been defeased by action of the Board of Directors of the North Ra nge Metropolitan District No. 1, in the City of Commerce City, Adams County, Colorado (the ""District""), with proceeds from the sale of the District`s General Obligation Refunding Bonds (Taxable Convertin g to Tax - Exempt), Series 2016A, there being on deposit with UMB Bank. n.a. (the ""Bank""), under a Refunding Escrow Agreement between the District and the Bank, obligations issued by the United States, or unconditionally guaranteed by the United States, and for which the full faith and credit of the United States is pledged and which are not callable prior to their scheduled maturities by the issuer thereof, the maturing principal of and interest on which, together with cash held in escrow, will (as evidenced by a verification report delivered to the Refunded Bonds Trustee) be sufficient to pay the interest on the Refunded Bonds in accordance with their ter m s until December 15, 2016 (the ""Redemption Date""), on which date the Refunded Bonds shall be called for optional redemption at a price equal to the principal amount of each Refunded Bond, plus accrued interest to the Redemption Date, without redemption premium. For Bond Document please visit www.BondPDF.com



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