Fort Lupton, Colo., Bondholders Decry Restructuring Inertia

Albanese, Elizabeth
July 2003
Bond Buyer;7/29/2003, Vol. 345 Issue 31687, p3
Trade Publication
Reports that investors of defaulted revenue warrants issued in 1996 by Fort Lupton, Colorado, for a golf course development blamed that the city dragged its heels on a restructuring plan for the debt. Views expressed by Paul Steets, vice president and branch manager of GMS Group LLC, regarding the issue; Responsibility of trustee U.S. Bancorp for collecting golf course fees and enhancement fees; Total deficit estimated in the golf course fund as of December 31, 2001.


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