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Published on 8/9/2010 in the Prospect News Municipals Daily.

Municipals Calendar: Portland, Ore., to sell $412.06 million

WEEK OF AUGUST 9

DISTRICT OF COLUMBIA: $54.435 million series 2010 deed tax revenue bonds (A1//A); negotiated; Rice Financial Products Co. and M.R. Beal & Co. (lead); Cabrera Capital Markets LLC and Prager, Sealy & Co. LLC (co-managers); proceeds to finance construction of public housing, fund social services and provide education and training programs to impoverished areas of the city; pricing week of Aug. 9.

• $23.935 million series 2010A

• $27.04 million series 2010B

• $3.46 million series 2010C taxable bonds

MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY: $118.925 million series 2010 rental housing revenue bonds (/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); Barclays Capital Inc. and Morgan Stanley & Co. Inc. (co-managers); 2010A bonds due 2011 to 2020 with term bonds due 2025, 2030, 2035, 2040 and 2046; 2010B bonds due April 1, 2015 and Oct. 1, 2019; proceeds to finance newly originated mortgages, which will be used to construct, finance, acquire or rehabilitate authority housing programs; pricing week of Aug. 9.

• $87.79 million series 2010A tax-exempt bonds

• $31.135 million series 2010B federally taxable bonds

OHIO WATER DEVELOPMENT AUTHORITY: $451.355 million series 2010B water pollution control loan fund revenue bonds (Aaa/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead); Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Cabrera Capital Markets, Inc.; KeyBanc Capital Markets, Inc.; Fidelity Capital Markets Inc.; the Huntington Investment Co.; and MFR Securities, Inc. (co-managers); proceeds for the Water Pollution Control Loan Fund and to fund the debt service reserve fund for the series 2010B water quality bonds; pricing week of Aug. 9.

OKLAHOMA CAPITOL IMPROVEMENT AUTHORITY: $100.055 million series 2010 state facilities refunding revenue bonds (Aa3/AA/); negotiated; RBC Capital Markets Corp. (lead); Baird & Co., BOSC Inc. and Goldman, Sachs & Co. (co-managers); 2010A bonds due 2015 to 2018; 2010B bonds due 2014 to 2015; proceeds to refund authority's series 2005F bonds, which were used to fund higher education projects; pricing week of Aug. 9.

• $85.165 million series 2010A tax-exempt bonds

• $14.89 million series 2010B federally taxable bonds

SACRAMENTO COUNTY (CALIFORNIA): $130.93 million series 2010 airport system senior revenue bonds (A2/A/); negotiated; Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance county's airport system's capital improvement program, which includes land acquisitions, facility improvements, building maintenance and federal and state grant processing; pricing week of Aug. 9.

AUGUST 10

PORTLAND (OREGON): $412.06 million series 2010A second lien sewer system revenue bonds (Aa3/AAA/); competitive; Public Financial Management, Inc. (financial adviser); bonds due 2011 to 2035; proceeds to finance capital facilities and improvements to the sanitary sewer and storm water drainage system and to repay a line of credit; pricing Aug. 10.

TACOMA (WASHINGTON): $103.225 million water system revenue bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc.; series 2010A bonds due 2012 to 2023; 2010B bonds due 2030 and 2040; proceeds to finance capital improvements to the water system and to refund outstanding bonds if interest rates are favorable; pricing Aug. 10.

• $29.575 million series 2010A revenue and refunding bonds

• $73.65 million series 2010B Build America Bonds

AUGUST 11

SPORTS AND EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY (PENNSYLVANIA): $180 million series 2010 regional asset district sales tax revenue bonds (Baa1); negotiated; PNC Capital Markets LLC (lead); proceeds to construct a hockey arena in Pittsburgh; pricing Aug. 11.

AUGUST 12

HAMDEN (CONNECTICUT): $51.725 million general obligation bond anticipation notes; competitive; Webster Bank, NA (financial adviser); due Aug. 24, 2011; proceeds to refinance bond anticipation notes that mature on Aug. 25, 2010 and to finance school and town projects; pricing Aug. 12.

WEEK OF AUGUST 16

AUGUST 17

WICHITA (KANSAS): $192.2 million general obligation bonds and notes; competitive; Springsted Inc. (financial adviser); 2010A bonds due 2012 to 2019; 2010B bonds due 2011 to 2018; series 240 G.O. notes due Sept. 15, 2011; proceeds to pay the principal of and redemption premium on the city's outstanding series 2004 general obligation sales tax bonds that mature on or after April 1, 2012; refund the outstanding series 768, 770, 772, 773 and 774 bonds; and provide temporary financing for improvements to the water system aquifer storage and recovery project; pricing Aug. 17.

• $22.315 million series 2010A sales tax refunding bonds

• $29.885 million in series 2010B refunding bonds

• $140 million series 240 general obligation improvement temporary notes

WEEK OF AUGUST 9

AUGUST 24

NASSAU COUNTY (NEW YORK): $141.725 million general obligation bonds (Aa3/A+/AA-); competitive; Public Financial Management, Inc. (financial adviser); 2010C bonds due 2012 to 2026; 2010D bonds due 2026 and 2027; proceeds to fund various public purposes, including payments to county employees, capital projects and judgments and settlements; pricing Aug. 24.

• $126.62 million series 2010C bonds

• $15.105 million series 2010D Build America Bonds

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.

CHICAGO: $70.425 million series 2010 general obligation notes; negotiated; BMO Capital Markets Corp. and Grigsby & Associates, Inc. (co- senior managers); due June 1, 2012; proceeds for the Chicago Public Library maintenance, operation and building funds.

CUYAHOGA COUNTY PUBLIC LIBRARY (OHIO): $75.425 million series 2010 special obligation bonds (Aa2/AA-/); negotiated; Stifel, Nicolaus & Co. Inc. (lead); KeyBanc Capital Markets Inc. and PNC Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2019; 2010B bonds due 2020 to 2021 with term bonds due 2025, 2030 and 2035; proceeds to construct, remodel, renovate, improve, equip and furnish library facilities within the county.

• $20.425 million series 2010A tax-exempt library fund library notes

• $55 million series 2010B Build America Bonds

GROSSMONT UNION HIGH SCHOOL DISTRICT (CALIFORNIA): $80 million series 2010 general obligation bonds; negotiated; De La Rosa & Co. (lead); Stone & Youngberg LLC, Bank of America Merrill Lynch and Citigroup Global Markets Inc. (co-managers); proceeds to fund improvements to district's school facilities.

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

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.

JURUPA PUBLIC FINANCING AUTHORITY (CALIFORNIA): $86.23 million series 2010 revenue bonds (/A-/); negotiated; Stone & Youngberg (lead); Piper Jaffray & Co. (co-manager); proceeds to fund loans to public entities for general capital improvements.

• $67.26 million series 2010A superior lien bonds

• $18.97 million series 2010B subordinate lien bonds

KENTUCKY ASSET/LIABILITY COMMISSION: $468.15 million first series 2010 general fund funding notes; negotiated; J.P. Morgan Securities Inc. (lead); Citigroup Global Markets Inc.; Morgan Stanley & Co. Inc.; J.J.B. Hilliard, W.L. Lyons, LLC; PNC Capital Markets LLC; Edwards D. Jones & Co., LP; First Kentucky Securities Corp.; Stifel, Nicolaus & Co., Inc.; and Ross, Sinclaire & Associates, LLC (co-managers); serial maturities from 2011 through 2020; proceeds to finance or refinance outstanding obligations and to fund state medical insurance fund obligations of the Teachers' Retirement System of the State of Kentucky.

MEDICAL CENTER HOSPITAL AUTHORITY/COLUMBUS REGIONAL HEALTH CARE SYSTEM INC. (GEORGIA): $170 million series 2010 tax-exempt revenue anticipation certificates (Aa3/AAA/); negotiated; Barclays Capital Inc. (lead); proceeds to finance improvements to Columbus Regional Health Care System facilities, as well as refund debt.

MICHIGAN FINANCE AUTHORITY: $745.9 million series 2010D state aid revenue notes; negotiated; Siebert Brandford Shank & Co. LLC and Morgan Stanley & Co. Inc. (lead); Cabrera Capital Markets LLC, Fidelity Capital Markets Inc., Fifth Third Securities Inc., PNC Capital Markets LLC, Stifel, Nicolaus & Co. Inc. and Wells Fargo Brokerage LLC (co-managers); 2010D-1 notes due Aug. 19, 2011; 2010D-2 notes due Aug. 22, 2011; 2010D-3 notes due Aug. 22, 2011; proceeds to purchase notes issued by school districts within the state.

• $256.625 million series 2010D-1 notes

• $269.1 million series 2010D-2 notes

• $220.175 million series 2010D-3 notes

MICHIGAN FINANCE AUTHORITY/SCHOOL DISTRICT OF THE CITY OF DETROIT: $198 million series 2010E state aid revenue notes (/SP-1/); negotiated; J.P. Morgan Securities Inc. and Loop Capital Markets, LLC (co- senior managers); due Aug. 22, 2011; proceeds to purchase a note issued by the school district.

NEW YORK MORTGAGE AGENCY: $92.885 million mortgage revenue bonds; negotiated; Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Citigroup Global Markets Inc., George K. Baum & Co. Inc., Goldman, Sachs & Co., Ramirez & Co. Inc., RBC Capital Markets Corp. and Roosevelt & Cross Inc. (co-managers); 41st series bonds due 2011 to 2021 with term bond due 2024; 42nd series bonds due 2011 to 2019; 43rd series bonds due 2011 to 2017; 44th series bonds due 2011 to 2021 with term bond due 2024; proceeds to finance mortgage loans.

• $18.66 million 41st series non-AMT bonds

• $21.34 million 42nd series non-AMT bonds

• $14.33 million 43rd series non-AMT bonds

• $38.555 million 44th series AMT bonds

SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/REGIONAL HEALTH OBLIGATED GROUP: $57.315 million series 2010 revenue bonds (A1); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing bonds used to construct, acquire, equip, remodel and renovate the obligated group's main hospital in Rapid City, S.D., as well as acquire various pieces of equipment for the main hospital.

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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