Southern Illinois University 2014 COPs
Southern Illinois University 2014 COPs
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Southern Illinois University proposes to sell $30,000,000 of new project Certificates of Participation
to finance the Carbondale Deferred Maintenance Project, and $15,750,000 in refunding Certificates of Participation to refinance the 2004A Certificates of Participation.
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Request for Hearing Received:
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October 10, 2013
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Proposal Details:
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October 10, 2013
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Additional proposal and debt information: |
October 22, 2013 |
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Financial Audit:
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October 22, 2013
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COP Preliminary Official Statement and Agreements:
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Draft Contracts |
Public Hearing Scheduled: |
November 5, 2013 |
Meeting Agenda: |
November 5, 2013 |
SIU Informational Handout: |
November 5, 2013 |
Commission Motion and Vote: |
November 5, 2013 |
Meeting Audio: |
November 5, 2013 |
SIU Answers to Questions at Hearing: |
Energy Efficiencies Purposes of COPs |
Additional Board Approvals: |
November 25, 2013 |
Commission Record of Findings: |
December 3, 2013 |
Status of COPs: |
SIU closed the COP sale on February 4, 2014, selling $28.5 million in tax-exempt new projects COPs, $1.6 million in taxable new project COPs, and $12.9 million in refunding Certificates. The new projects sales received a 4.076% true interest cost, while the refunding Certificates received a 3.0% true interest cost with net present value savings of almost $1.2 million. |
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