Village of Matteson
CUSIP 577098MR4
- Issue Currency: United States of America Dollars
- Announcement Date: 27-Jun-2016
- News: The Village of Matteson, Cook County, Illinois (the Issuer) has authorized the secondary market purchase of its outstanding General Obligation Capital Appreciation Debt Certificates (Limited Tax), Series 2010 (the Certificates), and the issuance of Refunding Debt Certificates (the Refunding Certificates) to provide the source of funds to purchase the Certificates from the holders thereof. The Certificates are further described as follows: CUSIP* DATED DATE MATURITY DATE OUTSTANDING ORIGINAL PRINCIPAL AMOUNT 577098MR4 April 14, 2010 December 1, 2029 $25,297,200.90 The Issuer will consider opportunities, including any based on discussions it may initiate, for the purchase of the Certificates in open market transactions, in privately negotiated transactions or otherwise based on then-current market conditions and the potential benefit of any such purchase to the Issuer. There is no assurance that the Issuer will purchase any of the Certificates, or if it does purchase any Certificates, which Certificates it will purchase or at what price. ANY PROPOSED PURCHASE OF CERTIFICATES BY THE ISSUER IS CONDITIONAL UPON THE SUCCESSFUL COMPLETION OF THE ISSUANCE AND DELIVERY OF THE REFUNDING CERTIFICATES PURSUANT TO THE REFUNDING CERTIFICATE RESOLUTION ADOPTED BY THE ISSUER. THE ISSUER RESERVES THE RIGHT TO DECLINE TO PROCEED WITH ANY PURCHASE OF CERTIFICATES AND TO SUSPEND OR TERMINATE ITS PURCHASES OF CERTIFICATES AT ANY TIME WITHOUT NOTICE For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 05-Jun-2017
- News: NOTICE IS HEREBY GIVEN THAT pursuant to Certificate Ordinance Section B dated April 14, 2010, the 2010 Bonds described above were convertible Capital Appreciation Bonds which converted on December 1, 2016 (Conversion Date) to Current Interest Bonds in the outstanding principal amount of $42,435,000 having a Maturity Date of December 1, 2029 at a rate of 8%. Interest payments will be June 1 and December 1, beginning December 1, 2017 (Long Payment). There is NOT a June 1, 2017 interest payment on the 2010 Bonds. After the Conversion Date, on April 25, 2017, the Village of Matteson, Cook County, Illinois (the Village) made provision for the payment, discharge and defeasance and optional redemption of $2,185,000 of the 2010 Bonds in accordance with an irrevocable Escrow Agreement dated April 25, 2017 between the Village and Amalgamated Bank of Chicago, as Escrow Agent. Consequently, all of such certificates are deemed to be paid and discharged within the meaning of said resolution and all other rights granted thereby have ceased and terminated. The 2010 Bonds will be called as set forth below in the Adjusted Sinking Fund Schedule and Optional Call Date of June 1, 2022 (Optional Call Date) @ 100% plus accrued interest to the Optional Call Date.
- Issue Currency: United States of America Dollars
- Announcement Date: 18-Jan-2017
- News: The Village of Matteson, Cook County, Illinois (the Village), pursuant to issuing its General Obligation Bonds (Waterworks Alternate Revenue Source), Series 2006 (the Bonds), entered into an undertaking (the Undertaking) to file notice of certain material events with respect to such securities as required by Rule 15c2-12 of the Securities Exchange Act of 1934. Among the material events for which notice is required by the Undertaking is a change in the Villages bond rating. In accordance with the Undertaking, notice is hereby given to owners of the Bonds that on January 13, 2017, S&P Global Ratings (S&P) assigned the credit rating of AA (Stable Outlook) to the Bonds. The AA (Stable Outlook) rating is based on the insurance policy issued by Assured Guaranty Corp. (AGC). Any explanation of the significance of such rating can only be obtained from S&P. For Bond Document please visit www.BondPDF.com
