Fitch Ratings has assigned an 'AA' underlying rating to the City of Arvada, Colorado's (the city) $20 million refunding bonds, series 2009, and has affirmed the underlying 'AA' rating on approximately $12.8 million outstanding (net of refunding) sales and use tax revenue bonds, and an 'AA-' rating on $16.3 million outstanding in certificates of participation. The bonds are scheduled to price the week of May 4, 2009 via negotiation. The Rating Outlook is Stable. The sales and use tax revenue bonds are payable and secured from net proceeds generated by 3% of the city's total 3.21% sales and use tax. The
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