Municipals Calendar: Metropolitan Transportation prepares deal

WEEK OF NOVEMBER 22

LOS ANGELES DEPARTMENT OF WATER AND POWER: $760.2 million series 2010 power system revenue bonds; negotiated; Goldman, Sachs & Co. and De La Rosa & Co. (lead); Morgan Stanley & Co. Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers); proceeds to make improvements to city's power supply system; pricing week of Nov. 22.

OHIO WATER DEVELOPMENT CORP./OHIO AIR QUALITY DEVELOPMENT CORP./FIRSTENERGY NUCLEAR GENERATION CORP.: $127.1 million series 2010 pollution control revenue refunding bonds (Baa2/BBB-/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); KeyBanc Capital Markets Inc., US Bancorp, Fifth Third Securities Inc. and The Huntington Investment Co. (co-managers); bonds due June 1, 2033; proceeds to refund all prior water and air bonds; pricing week of Nov. 22.

• $101.1 million series 2010B non-AMT Ohio Water Development Corp. bonds

• $26 million series 2010B non-AMT Ohio Air Quality Development Corp. bonds

NOVEMBER 23

ALASKA MUNICIPAL BOND BANK: $77.315 million series 2010 general obligation bonds (//AA); negotiated; Bank of America Merrill Lynch (lead); 2010A bonds due 2011 to 2030; 2010B bonds due 2011 to 2030; proceeds to be loaned to the Kenai Peninsula Borough for capital improvements to school facilities, the City of Ketchikan for the construction of a new fire station, the Ketchikan Gateway Borough to replace its high school's roof, the City and Borough of Sitka to fund the Blue Lake Hydroelectric project and refund debt and the City of Soldotna for library improvements; pricing Nov. 23.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $755 million series 2010D transportation revenue bonds (A2/A/A+); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-lead); Barclays Capital Inc., Bank of America Merrill Lynch, Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., M.R. Beal & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers); proceeds to pay holders of transportation revenue notes CP-1; pricing Nov. 23.

WEEK OF NOVEMBER 29

DEPARTMENT OF WATER AND POWER OF THE CITY OF LOS ANGELES: $492.71 million series 2010 water system revenue bonds; negotiated; J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., Backstrom McCarley Berry & Co. LLC and Fidelity Capital Markets LLC (co-managers); proceeds to be deposited into department's water revenue fund to operate and maintain the city's water system; pricing week of Nov. 29.

NEW YORK STATE URBAN DEVELOPMENT CORP. (EMPIRE STATE DEVELOPMENT CORP.): $1,104,885,000 series 2010 state personal income tax revenue bonds (//AA); negotiated; Citigroup Global Markets Inc. (lead for 2010B and 2010C); Morgan Stanley & Co. Inc. (lead for 2010A); Bank of America Merrill Lynch; Loop Capital Markets LLC; M.R. Beal & Co.; Barclays Capital Inc.; J.P. Morgan Securities LLC; Goldman, Sachs & Co.; Ramirez & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets LLC; Cabrera Capital Markets LLC; Fidelity Capital Markets Services Inc.; Jackson Securities; Jefferies & Co.; Janney Montgomery Scott LLC; Lebenthal & Co.; Mesirow Financial Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Roosevelt & Cross Inc.; Sterne, Agee & Leach Inc.; Stifel, Nicolaus & Co. Inc.; and Stone & Youngberg (co-managers); proceeds to finance capital improvements and equipment purchases for state agencies and the City University of New York; pricing week of Nov. 29.

NORTHERN ILLINOIS MUNICIPAL POWER AGENCY: $69.13 million series 2010A power project taxable revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); BMO Capital Markets, Morgan Stanley & Co. Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC (co-managers); proceeds to finance agency's interest in the Prairie State Project, a coal-fired generating station with a connected mine; pricing week of Nov. 29.

NORTH SUMTER COUNTY UTILITY DEPENDENT DISTRICT (FLORIDA): $179.535 million series 2010 utility revenue bonds (//A-); negotiated; Citigroup Global Markets Inc. (lead); 2010 revenue bonds due 2011 to 2022 with term bonds due 2030 and 2043; 2010 subordinate bonds due 2011 to 2022 with term bonds due 2030 and 2043; proceeds to acquire two existing private utility systems; pricing week of Nov. 29.

• $157.045 million series 2010 revenue bonds

• $22.49 million series 2010 subordinate revenue bonds

NOVEMBER 30

DISTRICT OF COLUMBIA: $63.64 million series 2010E income tax secured revenue bonds (//AA+); negotiated; Morgan Stanley & Co. Inc. and Loop Capital Markets LLC (lead); proceeds to refund city's series 2010C refunding bonds, which are due Dec. 1, 2010; pricing Nov. 30.

MISSOURI JOINT MUNICIPAL ELECTRIC UTILITY COMMISSION: $80 million series 2010 power project revenue bonds (A3//A-); negotiated; J.P. Morgan Securities LLC (lead); BMO Capital Markets Corp., Edward Jones & Co. LP and Wells Fargo Securities LLC (co-managers); proceeds to finance commission's share of the Prairie State project, a 1,600 MW electric power generation facility; pricing Nov. 30.

ON THE HORIZON

AKRON (OHIO): $94.695 million series 2010 various-purpose general obligation bonds (/AA-/AA-); negotiated; Stifel, Nicolaus & Co. LLC and PNC Capital Markets LLC (lead); 2010A bonds due 2012 to 2023; 2010B bonds due 2012 to 2031; 2010C bonds due 2016 to 2020 with term bonds due 2025 and 2031; proceeds to improve parks, streets, public buildings and other public facilities, as well as to refund the city's series 1998, 2001 and 2002 bonds and its series 2010A notes.

• $46.915 million series 2010A tax-exempt refunding bonds

• $23.435 million series 2010B tax-exempt bonds

• $24.345 million series 2010C Build America Bonds

BALTIMORE CITY BOARD OF SCHOOL COMMISSIONERS (MARYLAND): $60.825 million series 2010 city schools qualified school construction revenue bonds (Aa1/AA+/); negotiated; Barclays Capital Inc. (lead); Loop Capital Markets LLC, Morgan Keegan & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due Dec. 15, 2025; proceeds to construct, repair and rehabilitate school facilities, as well as acquire land for new school construction.

CHICAGO: $804.285 million series 2010 general obligation bonds; Loop Capital Markets LLC and Wells Fargo Securities LLC (lead); Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Incapital LLC, Melvin & Co., Baird & Co. and Stifel, Nicolaus & Co. (co-managers); proceeds to finance public right-of-way improvements, economic development enhancement projects, transportation improvements and grants to nonprofit organizations.

• $123.155 million series 2010A G.O. refunding bonds

• $213.59 million series 2010B Build America Bonds

• $467.54 million series 2010C taxable project and refunding bonds

COLUMBUS (OHIO): $68.15 million series 2010 general obligation securities; negotiated; J.P. Morgan Securities LLC and PNC Capital Markets LLC (lead); The Huntington Investment Co. (co-manager); 2010A bonds due 2012 to 2018; 2010B bonds due 2012 to 2026; 2010C bonds due 2019 to 2023; 2010-1 notes due Dec. 7, 2011; proceeds to acquire real estate, improve and expand existing sewer and water facilities, refund limited tax G.O. notes and refund G.O. notes issued for transportation projects.

• $12.285 million series 2010A various purpose unlimited tax bonds

• $8.15 million series 2010B various purpose limited tax bonds

• $22.715 million series 2010C Build America Bonds

• $25 million series 2010-1 transportation projects limited tax notes

DEVELOPMENT AUTHORITY OF FULTON COUNTY/GEORGIA TECH ATHLETIC ASSOCIATION (GEORGIA): $89.42 million series 2010 revenue bonds (A1//A+); negotiated; Bank of America Merrill Lynch (lead); bonds due 2011 to 2030 with term bonds due 2035 and 2040; proceeds to finance improvements to Georgia Tech facilities, including renovations to its basketball arena, construction of an indoor football practice facility and other improvements, as well as refund association's series 2008A bonds.

DISTRICT OF COLUMBIA: $342.4 million series 2010F income-tax secured revenue bonds; negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead); Bank of America Merrill Lynch, Fidelity Capital Markets Inc., Loop Capital Markets LLC, RBC Capital Markets Corp., Rice Financial Products Co. and Wells Fargo Securities LLC (co-managers); bonds due 2025, 2030 and 2035; proceeds to finance capital projects.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $97 million series 2010A taxable pledged assessment revenue bonds (Aa2/AA/AA+); negotiated; Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC (lead); Citigroup Global Markets Inc. and M.R. Beal & Co. (co-managers); bonds due 2012 to 2020; proceeds to fund lump sum payments under waiver agreements with claimants entered in lieu of ongoing indemnity benefit payments.

DUTCHESS COUNTY LOCAL DEVELOPMENT CORP./HEALTHQUEST SYSTEMS INC. (NEW YORK): $55.725 million series 2010 revenue bonds (A3/A-/); negotiated; Bank of America Merrill Lynch (lead); 2010A bonds due 2011 to 2023 with term bonds due 2025, 2030 and 2040; 2010B bonds due 2011 to 2020; proceeds to pay for costs associated with constructing, expanding and equipping HealthQuest facilities, as well as refund the corporation's series 2004 bonds.

• $35.44 million series 2010A

• $20.285 million series 2010B

GREATER ORLANDO AVIATION AUTHORITY (FLORIDA): $90 million series 2010 airport facilities refunding revenue bonds (Aa3/A+/AA-); negotiated; Loop Capital Markets LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (co-managers); 2010C bonds due 2019 to 2028; 2010D bonds due 2011 to 2018; proceeds to refund authority's series 1999A-B bonds.

• $75 million series 2010C AMT bonds

• $15 million series 2010D non-AMT bonds

HARRIS COUNTY INDUSTRIAL DEVELOPMENT CORP./DEER PARK REFINANCING LPP (TEXAS): $125 million series 2010 revenue bonds (A2/A/); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (co-managers); Dec. 1, 2020; proceeds to purchase equipment to recover flare gas and finance capital projects to reduce flare at the refinery's Houston facility.

HONOLULU (CITY AND COUNTY): $459.785 million series 2010 general obligation bonds (Aa1//AA+); negotiated; Bank of America Merrill Lynch (lead); Piper Jaffray & Co. (co-manager); 2010A bonds due 2015 to 2035; 2010B bonds due 2015 to 2035; 2010C bonds due 2015 to 2027; proceeds to refund $125 million of city and county's commercial paper and advanced refund series 2003A, 2004A, 2005E and 2005F bonds.

• $151.685 million series 2010A Build America Bonds

• $187.83 million series 2010B tax-exempt bonds

• $120.27 million series 2010C tax-exempt bonds

IMPERIAL IRRIGATION DISTRICT (CALIFORNIA): $250 million series 2010B Build America Bonds electric system revenue certificates of participation (A1/AA-/); negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Barclays Capital Inc. and De La Rosa & Co. (co-managers); certificates due 2018 to 2040; proceeds to finance the El Centro Unit 3 Repower Project, which will provide an additional 100 megawatts of generation capacity to the El Centro Generating Station.

INDUSTRIAL DEVELOPMENT CORP. OF THE PORT OF BELLINGHAM (WASHINGTON)/BP WEST COAST LLC: $111 million series 2010 environmental facilities industrial revenue bonds; negotiated; Goldman, Sachs & Co.; proceeds to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

LAFAYETTE PUBLIC TRUST FINANCING AUTHORITY/RAGIN' CAJUN FACILITIES INC. (LOUISIANA): $100.16 million series 2010 revenue bonds (/AA+/BBB+/); negotiated; RBC Capital Markets Corp. and Morgan Keegan & Co. Inc. (lead); bonds due 2013 to 2021 with term bonds due 2025, 2031, 2035 and 2041; proceeds to construct student housing at University of Louisiana at Lafayette as well as other facilities for the university.

MINNESOTA OFFICE OF HIGHER EDUCATION: $55 million series 2010 supplemental student loan program revenue bonds (/AA/AA-); negotiated; Morgan Stanley & Co. Inc. (lead); US Bancorp (co-manager); proceeds to originate or refinance fixed-rate student loans.

PURDUE UNIVERSITY (INDIANA): $121.685 million series 2010 revenue bonds (Aaa); negotiated; Bank of America Merrill Lynch (lead); City Securities Corp. and Cabrera Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2030 with term bond due 2033; 2010B bonds due 2012 to 2025 with term bond due 2030; proceeds to construct, acquire, equip and furnish student housing, as well as refund university's outstanding commercial paper and series 2004A, 2005A and 2007C bonds.

• $98.455 million series 2010A tax-exempt student facilities revenue bonds

• $23.23 million series 2010B Build America Bonds

RAILSPLITTER TOBACCO SETTLEMENT AUTHORITY (ILLINOIS): $1,460,105,000 series 2010 tobacco settlement revenue bonds; negotiated; Barclays Capital Inc. and Citigroup Global Markets Inc. (lead); Jefferies & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc., Bank of America Merrill Lynch, Goldman, Sachs & Co., Grigsby & Associates Inc., Loop Capital Markets LLC, Morgan Keegan & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2012 to 2021 with term bonds due 2024 and 2027; proceeds to fund Illinois general expenses once the state transfers all of its tobacco revenue rights to the authority, per a 1998 master settlement agreement between Illinois and the major tobacco companies.

SAN MARCO REDEVELOPMENT AGENCY (CALIFORNIA): $51.7 million series 2010 housing set-aside tax allocation bonds (/AA-/); negotiated; Piper Jaffray & Co. (lead); proceeds to finance improvements to low- to moderate-income housing projects in the San Marcos area, including improvements to existing housing facilities and the construction of new housing projects and to refund agency's series 1997A and 2008A bonds.

SOUTH CAROLINA PUBLIC SERVICE AUTHORITY/SANTEE COOPER: $300 million series 2010C revenue obligations; negotiated; Citigroup Global Markets Inc. and Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (co-managers); bonds due Jan. 1, 2050; proceeds to fund a portion of authority's ongoing capital program.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $99.58 million series 2010A utility system revenue refunding bonds (Aa3/AA+/); negotiated; FirstSouthwest Co. (lead); proceeds to refund authority's series 2007 bonds and terminate a swap agreement connected to those bonds.

WACO EDUCATION FINANCE CORP./BAYLOR UNIVERSITY (TEXAS): $103.85 million series 2010 tax-exempt revenue and refunding bonds (/AA-/AA-); negotiated; Barclays Capital Inc. and Bank of America Merrill Lynch (lead); bonds due 2011 to 2025 with term bonds due 2032 and 2040; proceeds to finance construction of a new athletic-academic complex on Baylor campus, acquire real property for university, refund university's series 2008B bonds and refinance series A commercial paper.

WASHINGTON BIOMEDICAL RESEARCH FACILITIES 3 (WASHINGTON STATE): $165.6 million series 2010 lease revenue bonds (Aa1/AA+/); negotiated; Barclays Capital Inc. (lead), Citigroup Global Markets Inc. and Goldman, Sachs & Co. (co-managers); 2010A bonds due 2014 to 2018; 2010B bonds due 2019 to 2042; 2010C bonds due July 1, 2013; proceeds to develop and construct a biomedical facility at the University of Washington's School of Medicine.

• $26.87 million series 2010A

• $125.42 million series 2010B Build America Bonds

• $13.31 million series 2010C taxable bonds

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