Ordinance 3405-14 - Laserfiche WebLink

APPENDIX B-2 Notice of Defeasance* Everett Public Facilities District Project Revenue Bonds, Series 2007 NOTICE IS HEREBY GIVEN to the owners of that portion of the above-captioned bonds with respect to which, pursuant to an Escrow Deposit Agreement dated October_, 2014, by and among City of Everett, Washington (the "City"), the Everett Public Facilities District (the "District") and , , (the "Refunding Trustee"), the City has deposited into an escrow account, held by the Refunding Trustee, cash and non- callable direct obligations of the United States of America, the principal of and interest on which, when due, will provide money sufficient to pay each year, to and including the redemption date of such bonds so provided for, the principal thereof and interest thereon (the "Defeased Bonds"). Such Defeased Bonds are therefore deemed to be no longer outstanding pursuant to the provisions of Resolution No. 154-07 and 155-07, as amended, of the District, authorizing the issuance of the Defeased Bonds, but will be paid by application of the assets of such escrow account. The Defeased Bonds are described as follows: Project Revenue Bonds, Series 2007 (Dated February 16, 2007) Maturity Years Principal CUSIP Call Date (April 1) Amounts Interest Rates Nos. (@100%) 2036 $27,415,000 VR 300039AA2 Information for Individual Registered Owner The addressee of this notice is the registered owner of Bond Certificate No. of the Defeased Bonds described above, which certificate is in the principal amount of$ , all of which has been defeased as described above. * This notice shall be given immediately by first class mail to each registered owner of the Defeased Bonds. In addition notice shall be mailed to The Depository Trust Company of New York,New York;The Bank of New York Mellon, as Fiscal Agent; Standard & Poor's Ratings Services, New York, New York; Piper Jaffray & Co.; and the Municipal Securities Rulemaking Board. Page 1—Appendix B-2 P\20287_CM'M20287_AMT 10/14/14