Municipals Calendar: Washington Sanitary District plans $240 million bond sale

WEEK OF SEPTEMBER 13

FLORIDA/STATE BOARD OF EDUCATION: $58.95 million series 2010A full faith and credit capital outlay bonds; competitive; 18-hour notice; pricing as early as Sept. 13.

SEPTEMBER 13

MADISON METROPOLITAN SCHOOL DISTRICT (WISCONSIN): $64 million series 2010 tax and revenue anticipation promissory notes; competitive; Baird & Co. (financial adviser); notes due Sept. 2, 2011; proceeds to finance maintenance and operation of city's school facilities, as well as public school instruction, for the 2010-2011 school year; pricing Sept. 13.

SEPTEMBER 14

CLEVELAND MUNICIPAL SCHOOL DISTRICT (OHIO): $55 million series 2010 general obligation school improvement bonds (Aa2/AA/AA); competitive; Fifth Third Securities Inc. and Blaylock Robert Van, LLC (co-financial advisers); due Dec. 1, 2026; proceeds to renovate, construct, furnish and equip school facilities; pricing Sept. 14.

FORT WORTH/TARRANT, DENTON, WISE COUNTIES (TEXAS): $109.055 million bonds and certificates (Aa1/AA+/AA+); competitive; First Southwest Co. and Estrada Hinojosa & Co., Inc. (co-financial advisers); bonds due 2011 to 2030; proceeds to fund improvements and extensions to the city's water system and streets; pricing Sept. 14.

• $20.59 million series 2010 general purpose bonds (Aa1/AA+/AA+)

• $42.595 million series 2010A tax and revenue certificates of obligation (Aa1/AA+/AA+)

• $45.87 million series 2010C water and sewer system revenue bonds (Aa1/AA/AA+)

ORANGE COUNTY (FLORIDA): $147.53 million series 2010 tourist development tax refunding revenue bonds (/A+/AA-); competitive; Public Financial Management, Inc. and M2 Management, Inc. (co-financial advisers); bonds due 2019 to 2024; proceeds to refund all or a portion of the county's outstanding series 1998A tourist development tax refunding revenue bonds and the series 1998B tourist development tax revenue bonds; pricing Sept. 14.

WASHINGTON SUBURBAN SANITARY DISTRICT (MARYLAND): $240 million consolidated public improvement bonds; competitive; Public Advisory Consultants, Inc. (financial adviser); 2010A bonds due 2011 to 2020; 2010B bonds due 2021 to 2030; proceeds to fund construction of water supply facilities and water supply lines and sewer pipes and may be used to replace short-term bond anticipation notes; pricing Sept. 14.

• $120 million series 2010A tax-exempt bonds

• $120 million series 2010B Build America Bonds

SEPTEMBER 15

JACKSONVILLE (FLORIDA): $51.69 million series 2010A-1 special revenue bonds (Aa2/AA-/AA); competitive; Public Financial Management, Inc. (financial adviser); bonds due 2012 to 2025; proceeds to finance the acquisition and construction of capital equipment and capital improvements; pricing Sept. 15.

SEPTEMBER 16

NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY: $600 million series 2011AA water and sewer system second general resolution revenue bonds (Aa2/AA+/AA+); negotiated; Barclays Capital Inc. (lead); Jefferies & Co., Morgan Keegan & Co. Inc., M.R. Beal & Co., Ramirez & Co. Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Fidelity Capital Markets, Goldman, Sachs & Co., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Bank, N.A., BB&T Capital Markets, Lebenthal & Co. LLC, Oppenheimer & Co. Inc., Piper Jaffray & Co., Stifel, Nicolaus & Co. and Stone & Youngberg; proceeds to repay existing commercial paper notes and make a deposit to the authority's construction fund; pricing Sept. 16.

WEEK OF OCTOBER 25

OCTOBER 26

MCCRACKEN COUNTY/SCHOOL DISTRICT FINANCE CORP. (KENTUCKY): $55 million school building revenue bonds; competitive; J.J.B. Hilliard, W.L. Lyons, LLC (fiscal agent); pricing Oct. 26.

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.

FORSYTH COUNTY (NORTH CAROLINA): $199.625 million series 2010 general obligation bonds (Aaa/AAA/AAA); negotiated; Bank of America Merrill Lynch and Stephens Inc. (lead); 2010A bonds due 2012 to 2021; 2010B bonds due 2012 to 2020; 2010C bonds due 2021 to 2025 with term bond due 2030; 2010D bonds due 2027; 2010E bonds due 2011 to 2023; proceeds to finance capital improvements, including construction of new schools, as well as to refund county's series 2003A-B, 2007 and 2008 bonds.

• $14.225 million series 2010A G.O. public improvement bonds

• $41.195 million series 2010B G.O. public improvement bonds

• $75.8 million series 2010C Build America Bonds

• $26.405 million series 2010D taxable qualified school construction bonds

• $42 million series 2010E G.O. refunding bonds

FREDERICK COUNTY (MARYLAND): $95.5 million series 2010 special obligation bonds; negotiated; Citigroup Global Markets Inc. (lead for 2010A and sole for 2010B); M&T Securities Inc. and RBC Capital Markets Corp. (co-managers for 2010B bonds); 2010A bonds due 2011 to 2025 with term bonds due 2030, 2035 and 2040; 2010B bonds due July 1, 2040; proceeds to acquire, design and construct the Urbana Community Development Authority's planned urban development comprised of Urbana Highlands, Villages of Urbana, Urbana Corporate Center and Urbana Town Center Employment District.

• $77.49 million series 2010A special obligation bonds

• $18.01 million series 2010B subordinate special obligation bonds

FULTON COUNTY (GEORGIA): $167 million general obligation library bonds; negotiated; Citigroup Global Markets Inc., Goldman, Sachs & Co. and Terminus Securities, LLC (co-lead); Jackson Securities Inc. and Raymond James & Associates, Inc. (co-managers); 2010A bonds due 2011 to 2016; 2010B bonds due 2017 to 2025 with term bonds due 2030 and 2039; proceeds to finance costs to acquire, design, construct and equip new library facilities.

• $24.775 million series 2010A tax-exempt bonds

• $142.225 million series 2010B taxable Build America Bonds

HARRIS COUNTY (TEXAS): $140 million toll road revenue refunding bonds; negotiated; Rice Financial Products Co. and Estrada Hinojosa & Co., Inc. (co-lead); Fidelity Capital Markets Inc. (co-manager); proceeds to refund and defease a portion of outstanding toll road tax bonds and toll road senior lien revenue bonds.

• $40 million series 2010B unlimited tax and subordinate lien bonds

• $20 million series 2010C senior lien bonds

• $80 million in series 2010D senior lien bonds

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

KALAMAZOO HOSPITAL FINANCE AUTHORITY/BRONSON METHODIST HOSPITAL (MICHIGAN): $124.455 million hospital Series 2010 revenue and revenue refunding bonds (A2); negotiated; Ziegler Capital Markets Group (lead); proceeds to refund the outstanding series 1998 revenue refunding and improvement bonds and the series 2009 revenue refunding bonds; finance the costs of reconstructing, remodeling and equipping

hospital facilities; and pay to terminate all or a portion of interest rate hedge agreements relating to the series 2006 and series 2009A bonds.

LAKELAND (FLORIDA): $82.005 million capital improvement bonds (Aa3//AA-); negotiated; Goldman, Sachs &

Co. (lead); Citigroup Global Markets Inc. and Raymond James & Associates, Inc. (co-managers); proceeds to refund outstanding debt and finance various capital improvement projects in the city.

• $50.805 million series 2010A revenue and refunding bonds

• $10.175 million series 2010B revenue and refunding bonds

• $21.025 million series 2010C revenue bonds

LONG BEACH (CALIFORNIA): $74 million series 2010-2011 tax and revenue anticipation notes (MIG 1/SP1+/);

negotiated; Morgan Stanley & Co.; due Sept. 30, 2011; proceeds to meet the city's 2010-2011 fiscal year general fund expenditures.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/LOWELL GENERAL HOSPITAL: $58.5 million series 2010C revenue bonds (Baa1/BBB+/); negotiated; Cain Brothers & Co., LLC and Bank of America Merrill Lynch (co-lead); bonds due 2011 to 2020 with term bonds due 2030 and 2035; proceeds to finance and refinance the demolition of a building and construction of a new six-story hospital facility and other capital improvements; refund the outstanding series 1996B Lowell General Hospital revenue bonds and refinance commercial banking obligations.

MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MASSACHUSETTS EYE AND EAR INFIRMARY: $65 million series 2010C revenue bonds (Baa3/BBB-/); negotiated; Morgan Stanley; proceeds to pay or reimburse a portion of costs to upgrade medical facilities and fund a debt service reserve fund and a capitalized interest account for the bonds.

MIAMI-DADE COUNTY (FLORIDA): $217.26 million series 2010 transit system sales surtax revenue bonds; negotiated; Loop Capital Markets LLC (lead); Barclays Capital Inc., M.R. Beal & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Estrada Hinojosa & Co. Inc., Jackson Securities Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC, Stifel, Nicolaus & Co. Inc. and Ramirez & Co. Inc. (co-managers); proceeds to finance bus service, rapid transit and major highway improvements.

• $13.39 million series 2010A bonds

• $203.87 million series 2010B Build America Bonds

MINNESOTA HOUSING FINANCE AGENCY: $72 million series 2010A homeownership finance bonds (Aaa); negotiated; RBC Capital Markets Corp., Morgan Stanley & Co. and Piper Jaffray & Co. (co-lead); split maturities from 2011 to 2021 and term bonds due 2025 and 2028; proceeds to purchase program securities.

MISSISSIPPI BUSINESS FINANCE CORP.: $100 million series 2010 Gulf Opportunity Zone industrial development bonds (Aaa/VMIG 1); negotiated; SunTrust Robinson Humphrey and Natixis Securities North America Inc. (lead); bonds due Aug. 1, 2035; proceeds to construct, install and equip the Southern Pines Energy Center, a 40 billion cubic-foot natural gas storage facility in Green County, Miss.

NORTH CAROLINA MEDICAL CARE COMMISSION/CAROMONT HEALTH CARE SYSTEM: $106 million series 2010 revenue bonds (Aa3/AAA/); negotiated; Bank of America Merrill Lynch (lead); proceeds to finance capital projects for Gastonia Memorial Hospital.

NORTH CAROLINA MEDICAL CARE COMMISSION/BLUE RIDGE HEALTH CARE: $50.545 million series 2010A health care facilities revenue refunding bonds (A3/A/); negotiated; Bank of America Merrill Lynch (lead); Barclays Capital Inc. (co-manager); bonds due 2011 to 2020 with term bonds; proceeds to refund debt.

OHIO STATE UNIVERSITY: $740.685 million general receipts bonds; negotiated; Morgan Stanley & Co. Inc. and Barclays Capital Inc. (co-lead managers); Blaylock Robert Van LLC; Fifth Third Securities Inc.; The Huntington Investment Co.; KeyBanc Capital Markets LLC; PNC Capital Markets LLC and RBC Capital Markets Corp. (co-managers); 2010C bonds due 2040; proceeds to pay for new college facilities and renovations of existing facilities on the Ohio State University Medical Center, campus transportation and parking facilities and student life facilities.

• $654.905 million series 2010C Build America Bonds

• $85.78 million series 2010D tax-exempt bonds

PENNSYLVANIA HOUSING FINANCE AGENCY: $354 million series 2010 single-family mortgage revenue bonds; negotiated; Morgan Stanley & Co. Inc. and Janney Montgomery Scott LLC (lead for 2010-109 bonds); George K. Baum & Co.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; and Mesirow Financial Inc. (co-managers for 2010-109 bonds); Barclays Capital Inc. and Bank of America Merrill Lynch (lead for 2010-110 bonds); BNY Mellon Capital Markets; Jefferies & Co.; Morgan Keegan & Co. Inc.; PNC Capital Markets LLC; Quoin Capital LLC; RBC Capital Markets Corp.; and Wells Fargo Securities Inc. (co-managers for 2010-110 bonds); series 2010-109 bonds due 2011 to 2021 with term bonds due 2025 and 2028; 2010-110A bonds due 2014 to 2021 with term bond due 2025; 2010-110B bonds due 2011 to 2021 with term bonds due 2025, 2030, 2035 and 2039; proceeds to finance single-family mortgages.

• $104 million series 2010-109 AMT bonds

• $116.455 million series 2010-110A AMT bonds

• $133.545 million series 2010-110B non-AMT bonds

PRINCETON CITY SCHOOL DISTRICT (OHIO): $108,739,914 series 2010 school improvement general obligation bonds (/AA+/); negotiated; Baird & Co. (lead); 2010B bonds due 2012 to 2022; 2010C bonds due 2022 to 2024 with term bonds due 2030, 2035, 2040 and 2047; proceeds to improve and construct school facilities.

• $2,999,914 series 2010B tax-exempt bonds

• $105.74 million series 2010C Build America Bonds

SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY: $140 million series 2010 revenue bonds (/AA-/AA-); negotiated; Morgan Stanley & Co. Inc. (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to finance acquisition of the Linden Wind Energy Project in Klickitat County, Wash., and refund authority's series 2009A bonds.

TALLAHASSEE (FLORIDA): $142.95 million series 2010 consolidated utility system revenue bonds (Aa1/AA+/AA+); negotiated; J.P. Morgan Securities Inc. (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC and RBC Capital Markets Corp. (co-managers); 2010A bonds due 2040; 2010B bonds due 2015 to 2028; proceeds to construct and acquire capital improvements to the city's utility system, as well as pay capitalized interest through Oct. 1, 2011.

• $110.875 million series 2010A Build America Bonds

• $32.075 million series 2010B tax-exempt bonds

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.

TORRANCE (CALIFORNIA)/TORRANCE MEMORIAL MEDICAL CENTER: $135 million series 2010A revenue bonds (A2/A+/); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance and reimburse the medical center for certain of its health care facilities.

UNIVERSITY OF AKRON (OHIO): $142.7 million series 2010 general receipts bonds (Aa3/AAA/); negotiated; Morgan Stanley & Co. Inc. (lead); Fifth Third Securities Inc., PNC Capital Markets LLC, Blaylock Robert Van LLC and KeyBanc Capital Markets LLC (co-managers); 2010A bonds due 2011 to 2023 with term bond due 2029; 2010B bonds due 2029; proceeds to refund university's outstanding series 2008C bonds.

• $135.7 million series 2010A tax-exempt bonds

• $7 million series 2010B Build America Bonds

UNIVERSITY OF MINNESOTA: $146.52 million series 2010 general obligation bonds; negotiated; Barclays Capital Inc. and Dougherty & Co. LLC (lead); proceeds to construct, acquire, design, renovate and expand university's existing Center for Magnetic Resonance Research.

• $109.89 million series 2010A special purpose revenue bonds

• $36.63 million series 2010B general obligation bonds

WASHINGTON HEALTH CARE FACILITIES AUTHORITY/SEATTLE CHILDREN'S HOSPITAL: $118.27 million series 2010 revenue bonds (Aa3//AA); negotiated; Goldman, Sachs & Co. (lead); J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (co-managers); 2010A bonds due 2035 and 2040; 2010B bonds due 2011 to 2022; proceeds to reimburse the Seattle Children's Hospital for its acquisitions of real property, which will be developed and used by the hospital, as well as to refund its series 1998 bonds.

• $75 million series 2010A revenue bonds

• $43.27 million series 2010B refunding revenue bonds

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