San Jose, Calif., redevelopment agency calls all $264.6 million series 2002 tax bonds

By Devika Patel

Knoxville, Tenn., June 22 - The Redevelopment Agency of the City of San Jose in California said it plans to redeem all $264.6 million of its series 2002 merged area redevelopment project tax allocation bonds on Aug. 1.

The affected securities include the following bonds of the agency:

• $9.84 million in bonds due Aug. 1, 2012;

• $10.3 million in bonds due Aug. 1, 2013;

• $8.9 million in bonds due Aug. 1, 2014;

• $11.83 million in bonds due Aug. 1, 2016;

• $12.41 million in bonds due Aug. 1, 2017;

• $13.02 million in bonds due Aug. 1, 2018;

• $12.78 million in bonds due Aug. 1, 2019;

• $12.53 million in bonds due Aug. 1, 2020;

• $13.15 million in bonds due Aug. 1, 2021;

• $13.82 million in bonds due Aug. 1, 2022;

• $29.79 million in bonds due Aug. 1, 2024;

• $41.22 million in bonds due Aug. 1, 2027; and

• $75.03 million in bonds due Aug. 1, 2032.

Union Bank, NA is the trustee.

Based in San Jose, Calif., the San Jose Redevelopment Agency is a public, government organization created in 1956 to improve the quality of life for all city residents by creating jobs, developing affordable housing, strengthening neighborhoods and building public facilities.

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