Municipal Calendar: Ventura County organizes $140 million note offering

Week of June 2

June 2

VENTURA COUNTY (CALIFORNIA): $140 million series 2014-2015 tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; Fieldman, Rolapp & Associates (financial adviser); notes due July 1, 2015; proceeds to finance capital expenditures for the county in the coming fiscal year; pricing June 2.

June 4

SEATTLE (WASHINGTON): $96.19 million series 2014 solid waste revenue and refunding bonds (Aa3/AA/); competitive; Piper Jaffray & Co. and Seattle-Northwest Securities Corp. (financial adviser); bonds due 2015 to 2039; proceeds to finance various capital projects for the city's solid waste system; pricing June 4.

VIRGINIA BEACH DEVELOPMENT AUTHORITY: $65.09 million series 2014 public facility revenue bonds (Aa2/AA+/AA); competitive; Public Resources Advisory Group (financial adviser); proceeds to finance various governmental capital improvements in the city, as well as to refund existing public facility bonds; pricing June 4.

• $44.83 million series 2014A public facility revenue bonds due 2015 to 2034

• $20.26 million series 2014B public facility revenue refunding bonds due 2016, 2020 and 2024 to 2025

June 5

BALTIMORE COUNTY (MARYLAND): $60,315,000 series 2014B general obligation bonds; competitive; Public Resources Advisory Group (financial adviser); proceeds to refund county's series 2004 refunding bonds; pricing June 5.

• $20,905,000 series 2014B metropolitan district refunding bonds due 2015 to 2019

• $39.41 million series 2014B consolidated public improvement bonds due 2015 to 2020

On the Horizon

CLARK COUNTY (NEVADA): $104,035,000 series 2014B airport system subordinate-lien revenue notes (A2/A/); negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); notes due July 1, 2018; proceeds to finance capital improvements to at the McCarran International Airport.

CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE NEW HAVEN HEALTH: $554.9 million series 2014 revenue bonds (//AA-); negotiated; Barclays (lead); J.P. Morgan Securities LLC (co-manager); proceeds to construct, improve, renovate and equip the Yale-New Haven Hospital and Bridgeport Hospital, as well as to refund existing debt.

• $104 million series 2014A bonds

• $169 million series 2014B bonds

• $83,625,000 series 2014C bonds

• $108,275,000 series 2014D bonds

• $90 million series 2014E bonds

CUYAHOGA COUNTY (OHIO): $230,885,000 series 2014 certificates of participation (Aa3/AA-/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); proceeds to finance or reimburse the county for the construction of a convention center in downtown Cleveland.

DECATUR HOSPITAL AUTHORITY (TEXAS)/WISE REGIONAL HEALTH SYSTEM: $98,255,000 series 2014A hospital revenue bonds (/BB+/BB+); negotiated; BofA Merrill Lynch and Cain Brothers (lead); proceeds to construct, equip and improve hospital facilities, as well as refund the authority's series 2004A revenue bonds.

DENTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $76,675,000 series 2014A unlimited tax school building bonds; negotiated; J.P. Morgan Securities LLC (lead); Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers); bonds due 2015 to 2038; proceeds to construct, equip, improve and repair school buildings within the district.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/TOURO COLLEGE AND UNIVERSITY SYSTEM OBLIGATED GROUP: $97,695,000 series 2014 revenue bonds (//BBB-); negotiated; Stifel, Nicolaus & Co. Inc. (lead); Ramirez & Co. Inc. and Ziegler Inc. (co-managers); proceeds to finance improvements to the university's facilities in Middletown, N.Y.

• $59.72 million series 2014A bonds due 2018 to 2030 with term bonds due 2034, 2039 and 2044

• $37,975,000 series 2014B bonds due 2015 to 2024 with term bond due 2029

EDMONDS SCHOOL DISTRICT NO. 5 (WASHINGTON): $150 million series 2014 unlimited tax general obligation bonds (Aa2/AA/); negotiated; D.A. Davidson & Co. (lead); Barclays and RBC Capital Markets LLC (co-managers); bonds due 2015 to 2033; proceeds to improve safety, heating/ventilation, energy efficiency and other capital improvements, as well as to reduce class size for grades 1 through 6 at various schools within the district.

JORDAN VALLEY WATER CONSERVANCY DISTRICT (UTAH): $50 million series 2014 water revenue and refunding bonds (/AA+/AA); negotiated; George K. Baum & Co. Inc. (lead); Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to advance refund district's series 2005A water revenue bonds.

• $44.21 million series 2014A water revenue and refunding bonds due 2017 to 2045

• $5.79 million series 2014B water revenue refunding bonds due 2015 to 2017

KENTUCKY HOUSING CORP.: $61,445,000 series 2014A taxable housing revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); BofA Merrill Lynch; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James/Morgan Keegan; PNC Capital Markets LLC; First Kentucky Securities Corp.; Edward D. Jones & Co. LP; Fifth Third Securities Inc.; and Sterne, Agee & Leach Inc. (co-managers); bonds due 2015 to 2024 with term bonds due 2029 and 2034; proceeds to refund outstanding debt.

KENTUCKY TURNPIKE AUTHORITY: $122.12 million series 2014A economic development road revenue refunding bonds (/AA+/A+); negotiated; Goldman, Sachs & Co. (lead); Morgan Stanley & Co. LLC; Citigroup Global Markets Inc.; J.J.B. Hilliard, W.L. Lyons LLC; Raymond James/Morgan Keegan; PNC Capital Markets LLC; First Kentucky Securities Corp.; Edward D. Jones & Co. LP; Fifth Third Securities Inc.; and Sterne, Agee & Leach Inc. (co-managers); bonds due 2016 to 2025; proceeds to refund the authority's series 2005B revenue bonds.

LOS ANGELES COUNTY (CALIFORNIA): $900 million series 2014-15 tax and revenue anticipation notes; negotiated; J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead); Alamo Capital, KeyBanc Capital Markets Inc. and Stifel, Nicolaus & Co. Inc. (co-managers); notes due June 30, 2015; proceeds to finance capital expenditures for the coming fiscal year.

LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY/MONTECEDRO INC. (CALIFORNIA): $143,665,000 series 2014 insured revenue bonds (/A/); negotiated; BofA Merrill Lynch and Ziegler Inc. (lead); proceeds to construct, renovate and equip an assisted living facility.

• $48,165,000 series 2014A bonds due 2019 to 2029 with term bonds due 2034 and 2044

• $95.5 million series 2014B bonds due 2020 to 2021

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $1,703,000,000 series 2014 general obligation refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); BofA Merrill Lynch; Goldman, Sachs & Co.; Fidelity Capital Markets Inc.; Siebert Brandford Shank & Co. LLC; and Backstrom McCarley Berry & Co. LLC (co-managers); proceeds to advance or current refund existing debt held by the district.

• $197,465,000 series 2014A bonds due 2015 to 2022

• $356.8 million series 2014B bonds due 2015 to 2027

• $981.53 million series 2014C bonds due 2015 to 2031

• $167,205,000 series 2014D bonds due 2018 to 2030

MIAMI-DADE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $340 million series 2014A toll system revenue bonds (A3/A-/A-); negotiated; Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. (lead); RBC Capital Markets LLC and Rice Financial Products Co. (co-managers); proceeds to finance improvements to the toll system as part of the authority's five-year plan.

PHOENIX UNION HIGH SCHOOL DISTRICT (ARIZONA): $145,445,000 series 2014 school improvement and refunding bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (lead); Piper Jaffray & Co., RBC Capital Markets LLC and Hutchinson Shockey Erley & Co. (co-managers); proceeds to refund the district's series 2004A, 2005B and 2006C school bonds, as well as to finance capital improvements to various school facilities.

• $75 million series 2014C school improvement bonds due 2016 to 2028

• $70,445,000 series 2014 refunding bonds due 2015 to 2025

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.

REGIONAL TRANSPORTATION AUTHORITY (COLORADO): $431.16 million series 2014A certificates of participation (A3/A/A); negotiated; J.P. Morgan Securities LLC, Piper Jaffray & Co. and BMO Capital Markets LLC (lead); Loop Capital Markets LLC and Harveston Securities Inc. (co-managers); bonds due 2023 to 2034 with term bonds due 2039 and 2044; proceeds to finance the construct, acquire and install a portion of the North Metro Rail Line in Denver, including the purchase of easements and rights-of-way.

SAN ANTONIO (TEXAS): $200 million series 2014 electric and gas systems junior-lien revenue bonds (Aa2/AA-/AA+); negotiated; Barclays and Wells Fargo Securities LLC (lead); Citigroup Global Markets Inc., First Southwest Co., Samco Capital Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, acquire and equip the city's electric and gas systems.

SPRING LAKE PUBLIC SCHOOLS (MICHIGAN): $54.26 million series 2014 school building and site general obligation bonds; negotiated; Stifel, Nicolaus & Co. Inc. (lead); bonds due 2017 to 2043; proceeds to construct additions to two elementary schools and a middle school, as well as to purchase school buses and make other capital improvements to schools within the district.

YSLETA INDEPENDENT SCHOOL DISTRICT (TEXAS): $80.08 million series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Jefferies & Co., Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2014 to 2030; proceeds to refund the district's series 2006 unlimited tax school building bonds.

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