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Proposal & Bid Notice Details:


CITY AND COUNTY OF DENVER, COLORADO

CITY AND COUNTY OF DENVER-NFP-FOR, AIRPORT SYSTEM REVENUE BONDS, SERIES 1992C


Project Specs:

Notice ID #: 6837

Bid Date: 05/20/2021

Type Of Notice: Notice of Final Settlement
Location: CO: Denver


Contact: See Notice Summary for details on how to respond to this notice.


Notice Summary:

NOTICE OF FULL PRIOR REDEMPTION

of

City and County of Denver, Colorado

Airport System Revenue Bonds, Series 1992C

 

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents for the above-captioned bonds, the City and County of Denver, Colorado (the "City") for and on behalf of its Department of Aviation, will redeem all of the currently Outstanding  "City and County of Denver, Colorado, Airport System Revenue Bonds, Series 1992C", in the aggregate principal amount listed below (the "Refunded Bonds"), plus accrued interest to May 20, 2021 (the "Redemption Date").   The Refunded Bonds were originally issued on September 24, 1992.

 

MATURITY DATE

PRINCIPAL AMOUNT

 

INTEREST RATE

 

CUSIP*

Redemption PRICE

11/15/2025

$40,080,000

6.125%

249181SD1
249181TL21

100%

                                                                                                   

1 CUSIP assigned to portion of the Refunded Bonds insured by secondary market bond insurance.

 

On the Redemption Date, the Refunded Bonds will become due and payable at the Paying Agent for the Refunded Bonds (the Manager of Finance, ex officio Treasurer of the City (the “Paying Agent”)) for a redemption price equal to the principal amount thereof and accrued interest thereon to the Redemption Date.  From and after the Redemption Date, interest on the Refunded Bonds will cease to accrue.

 

The Refunded Bonds requiring presentation (by certified or registered U.S. Mail, overnight express, or delivery in person) should be presented to the following address:

                        City and County of Denver, Colorado

                        Department of Finance

                        Office of the Controller

                        201 W. Colfax Avenue Dept. 1010

                        Denver, CO 80202

Publication Date:        April 19, 2021

 

THE CITY AND COUNTY OF DENVER

Brendan J. Hanlon

Manager of Finance, Chief Financial Officer

ex officio Treasurer

 

IMPORTANT TAX INFORMATION

Under various provisions of tax related acts passed by Congress, the Paying Agent may be obligated to withhold a certain percentage of the interest from the payment to owners who have failed to furnish the Paying Agent with a valid taxpayer identification number.  Owners of Bonds who wish to avoid this withholding should submit the taxpayer identification number (for individuals the Social Security Number) or an exemption certificate when presenting their Bonds for payment.

 

*The Paying Agent shall not be responsible for the use of the CUSIP numbers selected, nor is any representation made to their correctness indicated in this notice or as printed on any Bonds.  They are included solely for the convenience of the holders.



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