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Gilbert, Ariz., public municipal property to sell $78.77 million bonds
By Cristal Cody
Tupelo, Miss., March 2 - The Public Facilities Municipal Property Corp. in the town of Gilbert, Ariz., intends to price $78.765 million revenue bonds, according to a preliminary official statement.
The series 2009 bonds (Aa3/AA/) have serial maturities from 2009 through 2028.
Wedbush Morgan Securities Inc. will manage the negotiated sale.
The proceeds will be used to finance the acquisition of property for public safety and parks and recreation facilities.
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