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Published on 2/10/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Louisiana organizes $496.44 million bond offering

Week of February 10

ALAMEDA COUNTY TRANSPORTATION COMMISSION (CALIFORNIA): $165 million series 2014 sales tax revenue bonds (/AAA/AAA); negotiated; Citigroup Global Markets Inc. (lead); bonds due 2017 to 2022; proceeds to fund various projects, including the Bay Area Rapid Transit Warm Springs Extension, BART Oakland Airport Connector, Route 84 Interchange and the I-580 Corridor Improvement projects; pricing week of Feb. 10.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA: $107.96 million series 2014 water revenue refunding bonds (Aa1/AAA/AA+); negotiated; Goldman, Sachs & Co. (lead for 2014A); J.P. Morgan Securities LLC (sole for 2014B); De La Rosa & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC and U.S. Bancorp Investments Inc. (co-managers for 2014A); proceeds to refund existing water revenue bonds; pricing week of Feb. 10.

• $96.27 million series 2014A bonds due 2018 to 2021

• $11.69 million series 2014B taxable bonds due July 1, 2018

MINNESOTA HOUSING FINANCE AGENCY: $50 million series 2014A non-AMT residential housing finance bonds; negotiated; RBC Capital Markets LLC (lead); Piper Jaffray & Co., Wells Fargo Securities LLC and Fidelity Capital Markets LLC (co-managers); bonds due 2015 to 2024 with term bonds due 2026 and 2038; proceeds to acquire residential mortgage loans; pricing week of Feb. 10.

MYRTLE BEACH (SOUTH CAROLINA): $61,805,000 series 2014 hospitality fee pledge limited obligation bonds (A1/AA-/); negotiated; Wells Fargo Securities LLC (lead); proceeds to construct a 100,000 square-foot convention center and hotel, as well as to redeem existing debt; pricing week of Feb. 10.

• $17,375,000 series 2014A taxable bonds due 2015 to 2024 with a term bond due in 2039

• $44.43 million series 2014B bonds due 2015 to 2034 with a term bond due in 2036

NEW YORK STATE MORTGAGE AGENCY: $179.08 million homeowner mortgage revenue bonds; negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, J.P. Morgan Securities LLC, Academy Securities, Barclays, CastleOak Securities LP, George K. Baum & Co., Loop Capital Markets LLC, M&T Securities Inc., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance single-family mortgage loans and refund existing debt; pricing week of Feb. 10.

• $38,255,000 series 181 non-AMT bonds due 2039 and 2044

• $25,385,000 series 182 non-AMT bonds due 2014 to 2017 with term bond due in 2034

• $59,945,000 series 183 AMT bonds due 2014 to 2024 with term bonds due 2029 and 2031

• $55,495,000 series 184 taxable bonds due 2014 to 2024

ROUND ROCK (TEXAS): $66.41 million series 2014 general obligation bonds (/AA+/); negotiated; First Southwest Co. Inc. (lead); BOSC Inc.; Stifel, Nicolaus & Co. Inc.; Raymond James/Morgan Keegan; and Hutchinson Shockey Erley & Co. (co-managers); bonds due 2019 to 2039; proceeds to finance improvements to the city's library, parks and recreation and police and fire training facilities; pricing week of Feb. 10.

February 11

CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT (TEXAS): $117,365,000 series 2014B unlimited tax school building bonds (Aa2/AA-/); negotiated; J.P. Morgan Securities LLC (lead); proceeds to finance the construction and improvement of school buildings and facilities within the district; pricing Feb. 11.

LOUISIANA: $496.44 million series 2014 general obligation bonds; competitive; Lamont Financial Services Corp. (financial adviser); proceeds to finance a variety of capital outlay projects; pricing Feb. 11.

• $347,165,000 series 2014A G.O. bonds due 2017 to 2034

• $149,275,000 series 2014B taxable G.O. bonds due 2015 to 2020

NEVADA SYSTEM OF HIGHER EDUCATION: $50.93 million series 2014A universities revenue bonds; competitive; JNA Consulting Group LLC (financial adviser); bonds due 2015 to 2043; proceeds to acquire and construct capital facilities at the University of Nevada in Reno and Las Vegas; pricing Feb. 11.

February 12

COLUMBIA SCHOOL DISTRICT (MISSOURI): $50 million series 2014 general obligation bonds (Aa1); negotiated; Piper Jaffray & Co. (lead); bonds due 2015 to 2034; proceeds to finance capital projects and school construction in the district; pricing Feb. 12.

FRANKLIN COUNTY (OHIO): $85,235,000 series 2014 various purpose limited tax refunding bonds (Aaa/AAA/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); proceeds to refund existing debt; pricing Feb. 12.

IDAHO BOND BANK AUTHORITY: $51.6 million series 2014A revenue bonds (Aa1); competitive; Western Financial Group LLC (financial adviser); bonds due 2014 to 2038; proceeds to finance construction improvements to projects; pricing Feb. 12.

MINNEAPOLIS (MINNESOTA): $61.17 million series 2014 Downtown East project taxable general obligation bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); bonds due 2017 to 2029 with term bonds due in 2034 and 2044; proceeds to finance a mixed-use development project for downtown Minneapolis; pricing Feb. 12.

UNIVERSITY OF MICHIGAN: $90,855,000 series 2014 general revenue bonds (Aaa/AAA/); negotiated; Barclays (lead); proceeds to finance the renovation of a library, the improvement of the South Quadrangle and the construction of a parking structure, as well as other capital improvements to the university's Ann Arbor campus; pricing Feb. 12.

• $81,635,000 series 2014A tax-exempt bonds

• $9.22 million series 2014B taxable bonds

February 13

BUNCOMBE COUNTY (NORTH CAROLINA): $184.48 million series 2014 limited obligation bonds; negotiated; Baird & Co. and SunTrust Robinson Humphrey (lead); proceeds to refinance the county's obligations as part of a 2006 contract and purchase bonds; pricing Feb. 13.

• $155,755,000 series 2014A bonds (Aa2/AA+/) due 2015 to 2037

• $28,725,000 series 2014B taxable bonds (Aa3/AA+/) due 2015 to 2034

Week of February 17

February 18

CARY (NORTH CAROLINA): $76,895,000 series 2014 general obligation public improvement bonds (Aaa/AAA/AAA); competitive; Davenport & Co. LLC (financial adviser); bonds due 2015 to 2039; proceeds to finance the construction, acquisition, improvement and equipment of streets, parks and recreational facilities, fire stations and water systems; pricing Feb. 18.

On the Horizon

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY/EAST RIDGE RETIREMENT VILLAGE INC. (FLORIDA): $71,515,000 series 2014 health facilities revenue bonds (//BB); negotiated; Ziegler Capital Inc. (lead); proceeds to finance capital improvements at East Ridge Retirement Village's East Ridge at Cutler Bay facility in Cutler Bay, Fla., including 90 new assisted living units, 31 new memory support units and 74 new skilled nursing beds to replace existing facilities.

ALASKA HOUSING FINANCE CORP.: $96,005,000 series 2014A state capital project bonds II; negotiated; J.P. Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, KeyBanc Capital Markets Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2016 to 2033; proceeds to refund existing corporation obligations.

BELL COUNTY WATER CONTROL AND IMPROVEMENT DISTRICT NO. 1 (TEXAS): $50,235,000 series 2014 water system revenue bonds; negotiated; Wells Fargo Securities LLC and Baird & Co. (lead); Samco Capital Markets Inc. and BOSC Inc. (co-managers); bonds due 2020 to 2039; proceeds to finance improvements to the district's water system.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/CALIFORNIA BAPTIST UNIVERSITY: $61,015,000 series 2014 revenue bonds; negotiated; D.A. Davidson & Co. (lead); proceeds to acquire an apartment complex for student housing and to lease student housing for the School of Nursing.

• $54,925,000 series 2014A bonds due 2023, 2033 and 2043

• $6.09 million series 2014B bonds due 2019

EL DORADO IRRIGATION DISTRICT (CALIFORNIA): $123,565,000 series 2014A refunding revenue bonds (A1/A+/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund the district's series 2004A and 2009A certificates.

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to construct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.


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