Fitch Ratings has assigned an 'A' rating to the City of Boulder Central Area General Improvement District's (CAGID or district) general obligation (GO) refunding bonds, series 2009 and affirmed the 'A' rating on the district's $11 million in outstanding GO bonds (after refunding). Proceeds will be used to refund CAGID's outstanding series 1998 bonds. The bonds are secured by certain pledged revenues, including parking garage user fees; incremental property, sales, and accommodation taxes; street meters fees; and rental income. The bonds are additionally secured by a pledge of the CAGID's full faith and credit, consisting of an unlimited ad valorem
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