Municipals Calendar: New York Transitional Finance preps sale

WEEK OF JANUARY 10

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $875 million series 2011C future tax secured subordinate bonds; negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Cabrera Capital Markets LLC; Fidelity Capital Markets Inc.; Jackson Securities; Jefferies & Co. Inc.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Bank, NA; Morgan Keegan & Co. Inc.; Oppenheimer & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets Corp.; Southwest Securities Inc.; Stifel, Nicolaus & Co.; and Stone & Youngberg (co-managers); bonds due 2012 to 2031 with term bonds; proceeds to finance general capital expenditures for the city; pricing week of Jan. 10.

UPLAND (CALIFORNIA)/SAN ANTONIO COMMUNITY HOSPITAL: $125 million series 2011 certificates of participation (A3/A/); negotiated; Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. (lead); proceeds to reimburse the hospital for the construction, equipment, acquisition and renovation of hospital facilities, as well as to prepay existing debt; pricing week of Jan. 10.

JANUARY 10

KING COUNTY (WASHINGTON): $175 million series 2011 sewer revenue bonds (Aa2/AA+/); competitive; Seattle-Northwest Securities Corp. (financial adviser); bonds due 2014 to 2041; proceeds to finance improvements to county's sewer system; pricing Jan. 10.

JANUARY 11

ILLINOIS FINANCE AUTHORITY/DEPAUL UNIVERSITY: $115 million series 2011A revenue bonds (A3/A-/A); negotiated; Goldman, Sachs & Co. (lead); Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. (co-managers); proceeds to fund capital projects at DePaul University; pricing Jan. 11.

JANUARY 12

OKLAHOMA CITY WATER UTILITIES TRUST: $67.855 million series 2011 water and sewer system revenue refunding (Aa1/AAA/); negotiated; BOSC, Inc. (lead); Wells, Nelson & Associates LLC, Wells Fargo Securities Inc., Citigroup Global Markets Inc. and Raymond James & Associates Inc. (co-managers); bonds due 2012 to 2040; proceeds to refund $64 million of tax-exempt commercial paper notes; pricing Jan. 12.

SEATTLE: $307.755 million series 2011 municipal light and power improvement revenue bonds; competitive; Seattle-Northwest Securities Inc. (financial adviser); 2011A bonds due 2011 to2026 and 2028 to 2036; 2011B bonds due Feb. 1, 2027; proceeds to finance capacity and efficiency improvements to the city's Boundary Hydroelectric Project and refund existing debt, subject to market conditions; pricing Jan. 12.

• $297.755 million series 2011A improvement and refunding bonds

• $10 million series 2011B taxable new clean renewable energy revenue bonds

WISCONSIN: $428.74 million series 2011A general obligation bonds; competitive; bonds due 2012 to 2031; proceeds to construct, develop, expand, extend, enlarge or improve land, water, property, highways, buildings, equipment or facilities for public use; pricing Jan. 12.

JANUARY 13

NEW YORK CITY EDUCATIONAL CONSTRUCTION FUND: $136.375 million series 2011A revenue bonds (Aa3); competitive; proceeds to construct the High School for Art and Design and P.S. 59 Combined Occupancy Structure at Second Avenue between 56th and 57th streets in New York City; pricing Jan. 13.

WEEK OF JANUARY 24

JANUARY 26

ILLINOIS FINANCE AUTHORITY/DEPAUL UNIVERSITY: $50.665 million series 2011B revenue refunding bonds (A3/A-/A); negotiated; Goldman, Sachs & Co. (lead); Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. (co-managers); proceeds to fund capital projects and refund the university's series 2005B-C adjustable-rate bonds; pricing Jan. 26.

ON THE HORIZON

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS/SHARP HEALTHCARE (CALIFORNIA): $79.21 million series 2011A revenue bonds (A2/A/); negotiated; Citigroup Global Markets Inc. (sole); proceeds to redeem all of corporation's outstanding series 2001A bonds and prepay a portion of principal on its 1998 obligation.

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.

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.

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.

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.

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

PROMEDICA HEALTHCARE OBLIGATED GROUP/LUCAS COUNTY, OHIO/LENAWEE COUNTY HOSPITAL FINANCE AUTHORITY (MICHIGAN): $270.655 million series 2011A-B revenue and revenue refunding bonds (Aa3/AA-/); negotiated; Barclays Capital Inc. and Wells Fargo Securities LLC (lead); 2011A bonds due 2012 to 2022 with term bonds due 2025, 2040 and 2045; 2011B bonds due 2012 to 2019 with term bonds due 2030 and 2035; proceeds to construct 51,000 square-foot replacement hospital for Toledo Hospital, complete a 75,000 square-foot orthopedic center at the Wildwood Medical Center and make other renovations to Promedica facilities.

• $249.16 million series 2011A hospital revenue bonds

• $21.495 million series 2011B hospital revenue

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.

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.

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.

WALLED LAKE CONSOLIDATED SCHOOL DISTRICT (MICHIGAN): $51.175 million series 2011 general obligation refunding bonds; negotiated; Stifel, Nicolaus & Co. Inc. (lead); Edward Jones & Co. and Fifth Third Securities Inc. (co-managers); bonds due 2012 to 2022; proceeds to refund existing debt.

WEST SHORE AREA AUTHORITY/HOLY SPIRIT HOSPITAL OF THE SISTERS OF CHRISTIAN CHARITY (PENNSYLVANIA): $58.415 million series 2011 hospital revenue bonds (/BBB+/BBB+); negotiated; Bank of America Merrill Lynch (lead); Janney Montgomery Scott LLC, RBC Capital Markets Corp. and PNC Capital Markets; proceeds to construct and acquire capital projects and refund existing debt.

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