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Published on 7/6/2010 in the Prospect News Municipals Daily.

Municipals Calendar: Monroe County, N.Y., to sell $84.72 million in bonds

WEEK OF JULY 5

OKLAHOMA: $111 million series 2010 general obligation Oklahoma building bonds (Aa2/AA+/AA+); negotiated; J.P. Morgan Securities Inc. (lead); proceeds to finance improvements and repairs to state buildings and facilities; pricing week of July 5.

JULY 7

DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII/HAWAII PACIFIC HEALTH OBLIGATED GROUP: $61.86 million series 2010B special purpose revenue bonds (A3/BBB+/); negotiated; Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance costs of constructing, improving and equipping Hawaii Pacific facilities; pricing July 7.

MONROE COUNTY (NEW YORK): $84.715 million series 2010 public improvement general obligation bonds (A3/BBB+/A-); competitive; Capital Markets Advisors LLC (financial adviser); bonds due 2011 to 2030; proceeds to replace and upgrade certain bridges and highways; replace and enhance public safety communications equipment; reconstruct the county's civic center; improve parks, recreational facilities and structures; construct, furnish and equip a public safety laboratory; increase and improve water and sewer services; renovate the children's detention center; and improve automation systems at the county's public library system; pricing July 7.

JULY 8

DELAWARE RIVER PORT AUTHORITY (NEW JERSEY): $320 million series 2010 revenue bonds (A3/A-/); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Janney Montgomery Scott LLC and Wells Fargo Securities LLC (co-managers); tax-exempt bonds due 2027 to 2030 with term bond due 2040; BABs due 2040; proceeds to finance authority's capital improvement program; pricing July 8.

MISSISSIPPI DEVELOPMENT BANK: $165.165 million series 2010 general obligation bonds (/AA-/AA); negotiated; Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch, Crews & Associates Inc., Duncan-Williams Inc. and Stephens Inc. (co-managers); 2010C bonds due 2016 to 2027; 2010D bonds due 2016 to 2027; proceeds to refund development bank's series 2008A and 2008B bonds, which were used to finance a loan to the correctional facilities for improvements; pricing July 8.

• $95.275 million series 2010C Walnut Grove Youth Correctional Facility project refunding bonds

• $69.89 million series 2010D East Mississippi Correctional Facility project refunding bonds

MONTGOMERY COUNTY (MARYLAND): $325 million series 2010 consolidated public improvement bonds; competitive; Public Financial Management Inc. (financial adviser); 2010A bonds due 2011 to 2022; 2010B bonds due 2023 to 2030; 2010C bonds due 2023 to 2030; proceeds to refinance all or portion of commercial paper notes used to construct, acquire and equip county facilities, as well as finance current capital projects; pricing July 8.

• $178.75 million series 2010A tax-exempt bonds

• $122.55 million series 2010B

• $23.7 million series 2010C taxable bonds

SCHOOL DISTRICT OF MIAMI-DADE COUNTY (FLORIDA): $250 million series 2010 tax anticipation notes; competitive; De Lara Associates and Public Resources Advisory Group Inc. (financial advisers); notes due Jan. 17, 2011; proceeds to fund operating expenses ahead of the collection of ad valorem taxes; pricing July 8.

VIRGIN ISLANDS PUBLIC FINANCE AUTHORITY: $396.265 million series 2010 revenue bonds; negotiated; Jefferies & Co. and Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Rice Financial Products Co. and Bostonia Global Securities LLC (co-managers); proceeds for working capital, as well as to refinance a portion of a working capital credit facility; pricing July 8.

• $308 million series 2010A senior-lien revenue bonds (Baa2/BBB/BBB+)

• $88.265 million series 2010B subordinate-lien revenue bonds (Baa2/BBB-/BBB)

WEEK OF JULY 12

JULY 13

COLLIER COUNTY (FLORIDA): $62.5 million series 2010 special obligation revenue bonds (Aa2/AA/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2011 to 2034; proceeds to refinance existing debt; pricing July 13.

JULY 14

ILLINOIS: $900 million series 2010-5 general obligation Build America Bonds (A1/A+/A-); negotiated; Citigroup Global Markets Inc. (lead); Morgan Keegan & Co. Inc. and PNC Capital Markets LLC (co-senior managers); Baird & Co., Grigsby & Associates Inc., Melvin & Co. and Rice Financial Products Co. (co-managers); proceeds to fund transportation projects and capital projects throughout the state; pricing July 14.

JULY 15

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $875 million election of 2008 series 2010 general obligation bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems; pricing July 15.

ON THE HORIZON

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

CLEVELAND CITY SCHOOL DISTRICT (OHIO): $113.44 million series 2010 school improvement refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets Corp. (lead); Blaylock Robert Van LLC (co-managers); bonds due 2013 to 2030; proceeds to refund bond anticipation notes and refund series 2002 bonds.

GEORGE WASHINGTON UNIVERSITY (WASHINGTON, D.C.): $138 million series 2010 taxable bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2020; proceeds to redeem series 1999A District of Columbia university revenue bonds and fund general expenses.

HAWAII COUNTY (HAWAII): $60 million series 2010 general obligation bonds (Aa2/AA-/AA-); negotiated; Bank of America Merrill Lynch (lead); 2010A bonds due 2013 to 2016; 2010B bonds due 2015 to 2030; proceeds to finance county capital improvement projects.

• $7.95 million series 2010A tax-exempt

• $52.05 million series 2010B taxable

ILLINOIS FINANCE AUTHORITY/GREENFIELDS OF GENEVA: $117.48 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); 2010B bonds due Feb. 15, 2017; 2010C-1 bonds due Feb. 15, 2017; 2010C-2 bonds due Feb. 15, 2016; 2010C-3 bonds due Feb. 15, 2016; proceeds to reimburse Greenfields of Geneva for construction of a senior living facility in Geneva, Ill., as well as to provide working capital for facility.

• $88.48 million series 2010A

• $5 million series 2010B accelerated redemption reset option securities

• $4.575 million series 2010C-1 tax-exempt mandatory paydown securities

• $8.35 million series 2010C-2 tax-exempt mandatory paydown securities

• $11.075 million series 2010C-3 tax-exempt mandatory paydown securities

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $125 million election of 2008 series 2010 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems.

KENTUCKY HOUSING CORP.: $116 million series 2010 housing revenue bonds; negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); J.J.B Hilliard, W.L. Lyons LLC; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Edward D. Jones Co. LP; First Kentucky Securities Corp.; Stifel, Nicoluas & Co. Inc.; Ross, Sinclaire & Associates Inc.; and Sterne, Agee & Leach Inc. (co-managers); 2010B bonds due 2011 to 2022 with term bonds due 2024 and 2027; 2010C bonds due 2027 with term bond due 2033; 2010D bonds due 2015 to 2021 with term bond due 2034; 2010E bonds due 2025, 2030 and 2035; proceeds to fund mortgage loans, as well as refund corporation's series 2000 bonds.

• $40 million series 2010B non-AMT bonds

• $10 million series 2010C non-AMT bonds

• $46 million series 2010D AMT bonds

• $20 million series 2010E non-AMT bonds

MANSFIELD INDEPENDENT SCHOOL DISTRICT (TEXAS): $99.471 million series 2010 unlimited tax refunding bonds (Aa2/AA/AA+); negotiated; Morgan Keegan & Co. Inc. (lead); RBC Capital Markets Corp. and Southwest Securities Inc. (co-managers); proceeds to refund a portion of district's series 2002, 2003and 2004 bonds.

ORCHARD CULTURAL EDUCATION FACILITIES FINANCE CORP./KIMBELL ART FOUNDATION (TEXAS): $60.44 million series 2010 revenue bonds (/AA-/AA); negotiated; J.P. Morgan Securities Inc. (lead); BOSC Inc. (co-manager); 2010A bonds due 2015 to 2039; 2010B bonds due 2015 to 2034; proceeds to acquire, equip and construct an expansion for Kimbell Art Museum, as well as required additional parking facilities.

• $12.67 million series 2010A tax-exempt bonds

• $47.77 million series 2010B taxable bonds

PORT OF SEATTLE (WASHINGTON): $394.58 million series 2010 revenue refunding bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc., Goldman, Sachs & Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to reimburse port for capital airport facilities and refund existing debt.

• $25.26 million series 2010A non-AMT bonds

• $233.265 million series 2010B non-AMT bonds

• $136.055 million series 2010C AMT bonds

REGIONAL TRANSPORTATION AUTHORITY (ILLINOIS): $140 million series 2010C general obligation working cash notes (Aa3/AA/AA-); negotiated; Bank of America Merrill Lynch (lead); Loop Capital Markets LLC and Cabrera Capital Markets LLC (co-managers); notes due July 1, 2012; proceeds to meet cash flow deficits.

RHODE ISLAND AND PROVIDENCE PLANTATIONS: $350 million series 2011general obligation tax anticipation notes; negotiated; J.P. Morgan Securities Inc. (lead); Morgan Keegan & Co. Inc. and Oppenheimer & Co. Inc. (co-managers); notes due June 30, 2011; proceeds to fund general expenses of the state.

ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PRESBYTERIAN RETIREMENT COMMUNITIES (FLORIDA): $113 million series 2010A revenue bonds (//A-); negotiated; Raymond James & Associates Inc. and Herbert J. Sims & Co. (lead); bonds due 2017 to 2020 with term bonds due 2030, 2040 and 2045; proceeds to refund existing bonds, which were used to construct retirement communities in St. Petersburg, Jacksonville, Winter Park, Tallahassee, Orlando and Bradenton.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $95 million series 2010A utility system revenue refunding bonds (Aa3/AAA/); negotiated; FirstSouthwest Co. (lead): proceeds to refund existing debt issued to improve and expand utility system.


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