Lake Washington School District No. 414, Wash., defeases ULTGO bonds

By Tali Rackner

Norfolk, Va., June 17 – Lake Washington School District No. 414 of King County, Wash., defeased its series 2006 and 2007 unlimited tax general obligation bonds, according to two notices.

The following 2006 G.O. and refunding bonds will be redeemed on Dec. 1, 2016:

• $20 million of 4.625% bonds due Dec. 1, 2022;

• $20 million of 4.625% bonds due Dec. 1, 2023;

• $20 million of 5% bonds due Dec. 1, 2024; and

• $20 million of 5% bonds due Dec. 1, 2025.

The following 2007 G.O. bonds will be redeemed on Dec. 1, 2017:

• $9.4 million of 5% bonds due Dec. 1, 2018;

• $10.4 million of 5% bonds due Dec. 1, 2019;

• $14.4 million of 5% bonds due Dec. 1, 2020;

• $16.4 million of 5% bonds due Dec. 1, 2021; and

• $5.9 million of 4.625% bonds due Dec. 1, 2023.

U.S. Bank NA is the escrow agent.

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