Municipals Calendar: New York City to sell $1.175 billion in G.O. bonds

WEEK OF DECEMBER 13

DECEMBER 13

MILWAUKEE METROPOLITAN SEWERAGE DISTRICT: $50 million series 2010L general obligation sewerage system Build America Bonds; competitive; Robert W. Baird & Co. (financial advisor); serial maturities from 2011 through 2030; proceeds to finance a portion of the district's capital budget for the year 2011 and subsequent years; pricing Dec. 13.

DECEMBER 14

CITY OF COLUMBUS (OHIO): $57.75 million general obligation bonds (/AAA/); negotiated; Stifel, Nicolaus & Co., Inc. (lead); Fifth Third Securities, Inc., Huntington Investment Co. and PNC Capital Markets LLC. (co-managers); proceeds to renovate the municipal storm sewerage system, prevent and control soil erosion by the acquisition of real estate and to acquire, construct and improve municipal facilities; pricing Dec. 14.

• $19.245 million series 2010-3A Build America Bonds due 2015 through 2031

• $29.25 million series 2010-3B Build America Bonds due 2015 through 2029

• $3.405 million series 2010-3C unlimited tax bonds due 2012 through 2014

• $5.85 million series 2010-3D limited tax bonds due 2012 through 2014

DECEMBER 15

NEW YORK CITY: $1.175 billion series 2011 general obligation bonds; negotiated/competitive; J.P. Morgan Securities LLC (lead for 2011F-1, 2011G and 2011H); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Morgan Stanley & Co. Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co. Inc.; Fidelity Capital Markets Inc.; Goldman, Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wells Fargo Securities LLC; Cabrera Capital Markets LLC; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets Corp.; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities Inc. (co-managers for 2011F-1, 2011G and 2011H); Public Resources Advisory Group (financial adviser for 2011F-2 bonds); 2011F bonds due 2012 to 2026 with term bonds; 2011G and 2011H bonds due 2011 to 2021; proceeds to fund capital expenses; pricing Dec. 15.

• $745 million series 2011F-1 Build America Bonds (negotiated)

• $130 million series 2011F-2 taxable bonds (competitive)

• $245 million series 2011G tax-exempt bonds (negotiated)

• $55 million series 2011H tax-exempt bonds (negotiated)

DECEMBER 16

TOWN OF BROOKHAVEN/SUFFOLK COUNTY (NEW YORK): $98.636 million; competitive; Munistat Services, Inc. (financial advisor); proceeds for various improvement projects and to acquire open space for parkland; pricing Dec. 16.

• $80.056 million series 2010 bond anticipation notes due Sept. 28, 2011

• $18.58 million series 2010A public improvement bonds (Aa2/AA+/) due 2012-2031

ON THE HORIZON

ALABAMA STATE PORT AUTHORITY: $109.59 million series 2010 docks facilities revenue bonds (/BBB+/BBB+); negotiated; Citigroup Global Markets Inc. (lead); Gardnyr Michael Capital Inc. and Securities Capital Corp. (co-managers); proceeds to refund authority's series 2008B and 2009A bonds.

ATLANTA: $504.915 million series 2010C airport general revenue refunding bonds; negotiated; Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead); Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey (co-managers); bonds due 2012 to 2025 with term bond due 2030; proceeds to refund series 2003RF/B-C bonds issued for airport improvements as well as terminate a swap agreement related to the bonds.

COMMONWEALTH OF MASSACHUSETTS: $390 million series 2010A special obligation refunding notes (Aa1/AAA/AA+); negotiated; Jefferies & Co. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Fidelity Capital Markets Inc.; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Barclays Capital Inc.; Morgan Keegan & Co. Inc.; Ramirez & Co., Inc.; Raymond James & Associates, Inc.; RBC Capital Markets Corp. and Siebert Brandford Shank & Co., LLC. (co-managers); semi-annual maturities from 2011 through 2015; proceeds to refund all of the series 1998A, 1998B and 200A federal highway grant anticipation 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: $172.455 million general obligation bonds; negotiated; Citigroup Global Markets Inc. and Siebert Brandford Shank & Co., LLC; proceeds to finance capital project expenditures.

• $90.24 million series 2010A Build America Bonds

• $82.215 million in series 2010B bonds.

ENERGY NORTHWEST (WASHINGTON): $155 million series 2010D Columbia Generating Station electric revenue bonds; negotiated; Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Prager, Sealy & Co. LLC (underwriters); bonds due July 1, 2024; proceeds to finance capital improvements at the Columbia Generating Station, including fuel for the station's reactor, computer upgrades, the replacement of various equipment and infrastructure and the construction of motors, valves, piping and pumps.

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.

HOSPITAL AUTHORITY OF VIGO COUNTY/UNION HOSPITAL INC. (INDIANA): $54.52 million series 2011 hospital revenue bonds; negotiated; Raymond James & Associates Inc. (lead); proceeds to renovate and expand hospital's West Building and refund existing debt.

ILLINOIS HOUSING DEVELOPMENT AUTHORITY/RANDOLPH TOWER CITY APARTMENTS: $53.05 million multifamily housing revenue bonds (/AAA/); negotiated; Citigroup Global Markets Inc.; serial maturities from 2014 through 2022 and a term due 2028; proceeds to renovate a 45-story historic official building in the Chicago Central Business District and convert them into apartments.

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.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $83.65 million series 2010 certificates of participation (A1/A+/); negotiated; De La Rosa & Co. and Barclays Capital Inc. (lead); proceeds to improve existing school facilities and construct new schools in the district.

• $21.56 million series 2010B-1 Build America Bonds

• $62.09 million series 2010B-2 tax-exempt COPs

MAINE STATE HOUSING AUTHORITY: $65.975 million series 2010D mortgage purchase bonds; negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc. and RBC Capital Markets Corp. (co-managers); 2010D-1 bonds due 2012 to 2020 with term bonds due 2025 and 2029; 2010D-2 bonds due 2012 to 2019 with term bonds due 2035 and 2040; proceeds to purchase single- and multi-family housing mortgages for the authority's portfolio.

• $34.75 million series 2010D-1

• $31.225 million series 2010D-2

MANATEE COUNTY (FLORIDA): $83.205 million series 2010 public utilities revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance additions, replacements and upgrades to county's water and wastewater system and refund county's series 2003 public utilities improvement and refunding bonds.

• $10.6 million series 2010A utilities improvement Build America Bonds

• $45.085 million series 2010B recovery zone economic development bonds

• $21.915 million series 2010C refunding and improvement bonds

• $5.605 million series 2010D taxable improvement bonds

MASSACHUSETTS: $576.27 million series 2010A commonwealth transportation revenue recovery zone economic development bonds (Aaa/AAA/); negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co., Morgan Stanley & Co. Inc. and Ramirez & Co. Inc. (co-managers); bonds due 2024 to 2025 with term bonds due 2030 and 2040; proceeds to finance bridge improvements.

METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $352.48 million series 2010 water and sewer revenue bonds (Aa3/AA-/); negotiated; Morgan Stanley & Co. Inc. (lead); Jefferies & Co., Mesirow Financial Inc., Morgan Keegan & Co. Inc., Fifth Third Securities Inc., Loop Capital Markets LLC, Stephens Inc. and Wiley Bros. - Aintree Capital LLC; proceeds to finance upgrades to city's water and sewer system and refund its commercial paper bond anticipation notes and other debt.

• $109.53 million series 2010A refunding bonds

• $160 million series 2010B Build America Bonds

• $75 million series 2010C recovery zone economic development bonds

• $7.95 million series 2010D federally taxable refunding bonds

METROPOLITAN WATER RECLAMATION DISTRICT OF GREATER CHICAGO (ILLINOIS): $500 million series 2010 general obligation capital improvement bonds (Aaa/AAA/AAA); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Barclays Capital Inc., Duncan-Williams Inc., Loop Capital Markets LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC and William Blair & Co. Inc. (co-managers); 2010A bonds due 2012 to 2014; 2010B bonds due 2015 to 2018; 2010C bonds due 2019 to 2025 with a term bond due 2032; proceeds to construct, remodel, rehabilitate and repair water facilities, flood protection controls and pollution measures.

• $30 million series 2010A taxable bonds

• $70 million series 2010B tax-exempt bonds

• $400 million series 2010C Build America Bonds

MIAMI UNIVERSITY: $125 million series 2010 general receipts revenue bonds; negotiated; Morgan Stanley & Co. Inc.; proceeds to fund improvements to student housing and dining facilities and the first phase of the construction of the Armstrong Student Center.

• $104.445 million series 2010A Build America with serial maturities from 2017 through 2025 and terms due 2030 and 2035.

• $20.555 million in series 2010B revenue bonds with serial maturities from 2011 through 2016

MONROE COUNTY WATER AUTHORITY (ROCHESTER, N.Y.): $94.5 million water system revenue bonds; negotiated; Jefferies & Co.; proceeds to finance the construction of a 50-million-gallon-per-day water treatment plant.

• $3.795 million series 2010A revenue bonds

• $90.705 million series 2010B Build America bonds

NEW YORK LIBERTY DEVELOPMENT CORP.: $1,285,335,000 series 2010 World Trade Center multimodal revenue bonds; negotiated; Goldman Sachs & Co. (lead); bonds due Dec. 1, 2049; proceeds to reconstruct World Trade Center towers.

• $1,218,595,000 series 2010A-1 3 World Trade Center project bonds

• $6.74 million series 2010A-2 3 World Trade Center project bonds

• $59.4 million series 2010C World Trade Center project bonds

• $600,000 series 2010D World Trade Center project bonds

PENNSYLVANIA HOUSING FINANCE AGENCY: $82.75 million series 2010-111 non-AMT single family mortgage revenue bonds; negotiated; Barclays Capital Inc. (lead); bonds due Sept. 22, 2011; proceeds to finance mortgage loans.

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.

SCHOOL DISTRICT OF PHILADELPHIA: $300 million series 2010 general obligation refunding bonds; negotiated; Barclays Capital Inc. and Wells Fargo Securities LLC (lead); 2010F bonds due Sept. 1, 2030; 2010G bonds due Sept. 1, 2030; proceeds to refund district's series 2008A-B bonds and terminate a swap agreement connected to the bonds.

• $150 million series 2010F bonds

• $150 million series 2010G bonds

SOLID WASTE AUTHORITY OF PALM BEACH COUNTY (FLORIDA): $750 million series 2010 improvement revenue bonds; negotiated; Citigroup Global Markets Inc. (lead); bonds due Oct. 1, 2031; proceeds to construct, equip, procure and install a waste-to-energy facility.

SOUTH DAKOTA CONSERVANCY DISTRICT: $90.885 million state revolving fund program bonds; negotiated; J.P. Morgan Securities Inc. and Piper Jaffray & Co. (lead); Wells Fargo Securities Inc. (co-manager); proceeds to refund the district's outstanding $54.33 million of series 2010 bond anticipation notes and $42.26 million principal amount of series 1998 and 2008 bonds.

• $38.48 million series 2010A Build America Bonds due 2019 through 2025 and a term due 2030

• $52.405 million series 2010B bonds due 2011 through 2029

SPECIAL CARE FACILITIES FINANCING AUTHORITY OF THE CITY OF PELL/NOLAND HEALTH SERVICES INC. (ALABAMA): $92.98 million series 2010A revenue bonds (/A-/); negotiated; RBC Capital Markets Corp. (lead); bonds due 2011 to 2020 with term bonds due 2025, 2030 and 2039; proceeds to finance capital improvements to Noland Health facilities, as well as advanced refund authority's series 2007A and refund its series 2009A bonds.

STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE-NEW HAVEN HOSPITAL: $100 million series M revenue bonds (Aa3/A+/); Barclays Capital Inc. (lead); J.P. Morgan Securities LLC and Morgan Stanley & Co. Inc. (co-managers); serial maturities from 2011 through 2025 and terms due 2030 and 2040; proceeds to finance and reimburse the costs of the expansion of the adult emergency department, acquisition of equipment and improvements to the hospital.

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.

WAYNE COUNTY BUILDING AUTHORITY (MICHIGAN): $200 million series 2010 general obligation jail facilities building authority bonds (A3/A-/A-); negotiated; J.P. Morgan Securities LLC (lead); Siebert Brandford Shank & Co., LLC and Wells Fargo Securities LLC (co-managers); proceeds to pay for new county criminal justice and jail facilities.

WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY: $63.91 million series 2010 housing revenue bonds; negotiated; Bank of America Merrill Lynch (lead); J.P. Morgan Securities LLC and RBC Capital Markets Corp. (co-managers); 2010A bonds due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2043; 2010B bonds due 2011 to 2021 with term bonds due 2025 and 2032; 2010C bonds due 2015, 2020 and 2027; proceeds to fund mortgage loans secured by multifamily housing projects.

• $39.53 million series 2010A non-AMT bonds

• $21.33 million series 2010B AMT bonds

• $3.05 million series 2010C taxable bonds

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