Yosemite Community College defeases $57.15 million of tax-exempt G.O.s

By Tali David

Minneapolis, Aug. 20 - Yosemite Community College District, Calif., defeased $57.15 million of its Stanislaus, Tuolumne, Calaveras, San Joaquin, Santa Clara, and Merced counties election of 2004 tax-exempt general obligation bonds, series 2005A, according to two notices.

The following 5% bonds have been refunded and will be redeemed at their maturities:

• $1,395,000 of bonds due Aug. 1, 2013;

• $1,605,000 of bonds due Aug. 1, 2014; and

• $1,825,000 of bonds due Aug. 1, 2015.

The following refunded 5% bonds will be redeemed at par plus accrued interest on Aug. 1, 2015:

• $2,065,000 of bonds due Aug. 1, 2016;

• $2.32 million of bonds due Aug. 1, 2017;

• $2,585,000 of bonds due Aug. 1, 2018;

• $2.72 million of bonds due Aug. 1, 2019;

• $3.01 million of bonds due Aug. 1, 2020;

• $3.32 million of bonds due Aug. 1, 2021;

• $3.65 million of bonds due Aug. 1, 2022;

• $4 million of bonds due Aug. 1, 2023;

• $4,375,000 of bonds due Aug. 1, 2024;

• $4,775,000 of bonds due Aug. 1, 2025; and

• $19,505,000 of bonds due Aug. 1, 2029.

Wells Fargo Bank, NA is the escrow agent.

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