communities_facilities_district_board_meeting_agen.pdf
ECCFD Issues $16M Tax-Exempt Bonds to Lapis Advisers
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Description
The ECCFD issued $16 million in tax-exempt municipal bonds, purchased by Lapis Advisers as part of a broader financial and legal settlement enabling continued Center operations and refinancing old debt.
Contract Details
Contract Amount
$16,000,000 of new tax-exempt municipal bonds, bearing 4% interest over 20 years with a 10-year call (per bankruptcy plan, exchanged for previous Taxable Bonds)
Vendor
LAPIS ADVISERS LP
Agency
Town of Prescott Valley, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
June 27, 2024
Contract Term
20 years, tax-exempt bond duration, issued by ECCFD to Lapis and other bondholders
Renewal Info
Standard bond maturation and call provisions apply (20 years, 10-year call); no further renewals anticipated unless for financial restructuring.
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Prescott Valley Communities Facilities District Board Agenda Packet 2026-05-28
HISTORICALcommunities_facilities_district_board_meeting_agen.pdf
HISTORICALMore from Town of Prescott Valley
Prescott Valley Communities Facilities District Board Agenda Packet 2026-05-28
Prescott Valley Communities Facilities District Board Agenda Packet 2026-05-28
Prescott Valley Town Council Regular Town Council Meeting Agenda 2026-05-28
Prescott Valley Communities Facilities District Board Agenda Packet 2026-05-28
Prescott Valley Communities Facilities District Board Agenda Packet 2026-05-28
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