Irvine, Calif., organizes $72.48 million offering of special tax bonds

By Sheri Kasprzak

New York, July 28 – The City of Irvine, Calif., is expected to price $72.48 million of series 2014 Community Facilities District No. 2013-3 Improvement Area No. 1 special tax bonds, according to a preliminary official statement.

The bonds will be offered through Stifel, Nicolaus & Co. Inc.

The maturities have not been set.

Proceeds will be used to pay for the acquisition and construction of facilities necessary for the development of the district.

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