Municipal Calendar: Chicago to sell $435 million of water bonds

Week of May 7

ALAMEDA COUNTY JOINT POWERS AUTHORITY (CALIFORNIA): $77.25 million series 2012 lease revenue refunding bonds (A1/AA/AA); negotiated; Bank of America Merrill Lynch (lead); Wedbush Securities and Blaylock Robert Van LLC (co-managers); proceeds to defease and prepay all of the authority's series 2001A certificates of participation; pricing week of May 7.

CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (NORTH CAROLINA)/CAROLINAS HEALTH CARE SYSTEM: $160,445,000 series 2012A health care revenue and refunding revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead); Wells Fargo Securities LLC (co-manager); bonds due 2014 to 2027 with term bonds due in 2032 and 2043; proceeds to repay tax-exempt bonds issued by the North Carolina Medical Care Commission, finance additions and improvements to the health care system's hospitals and to refund the authority's series 2001A bonds; pricing week of May 7.

CHICAGO (ILLINOIS): $435 million series 2012 senior-lien water revenue project and revenue bonds (Aa3/AA-/AA); negotiated; Siebert Brandford Shank & Co. LLC (lead); Estrada Hinojosa & Co. Inc., William Blair & Co., Baird & Co., Bernardi Securities Inc., Drexel Hamilton LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, Rice Financial Products Co. and Sterne, Agee & Leach Inc. (co-managers); proceeds to finance capital improvements and extensions to the water system, as well as to refund existing bonds; pricing week of May 7.

CLEVELAND (OHIO): $50,595,000 series 2012 various purpose and refunding general obligation bonds (A1/AA/); negotiated; KeyBanc Capital Markets Inc. (lead); CastleOak Securities LP, Fifth Third Securities Inc., Mesirow Financial Inc. and PNC Capital Markets LLC (co-managers); bonds due 2012 to 2030 with term bond due in 2032; proceeds to finance capital projects and to refund the city's series 2002, 2003 and 2004 general obligation bonds; pricing week of May 7.

ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NORFOLK (VIRGINIA)/SENTARA HEALTHCARE: $165 million series 2012B health care facilities revenue and refunding bonds (Aa3/AA/); negotiated; Citigroup Global Markets Inc. (lead); Barclays Capital Inc., Raymond James/Morgan Keegan, Drexel Hamilton LLC, Edward D. Jones & Co. and Wells Fargo Securities LLC (co-managers); proceeds to replace the health system's Sentara Leigh Hospital, a utility plant and a parking structure at the hospital and to refund the health care system's series 2002 and 2003 health care facilities revenue bonds; pricing week of May 7.

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA): $83,625,000 series 2012 Route 28 transportation contract revenue refunding bonds (Aa3/AA+/); competitive; Public Financial Management Inc. and Davenport & Co. LLC (financial advisers); bonds due 2014 to 2033; proceeds to refund the authority's series 2003 and 2004 transportation revenue bonds, which were used to make improvements to Route 28, a north-south state highway that passes through Fairfax and Loudoun counties and connects Route 7 in the north with the Dulles, Greenway, Route 50 and Interstate 66 in the south, passing through the Washington Dulles International Airport; pricing week of May 7.

FRANKLIN COUNTY (OHIO)/NATIONWIDE CHILDREN'S HOSPITAL: $75 million series 2012A hospital improvement revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and PNC Capital Markets Inc. (lead); proceeds to construct, equip, install and improve real and personal property of the children's hospital, which is located in Columbus; pricing week of May 7.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BERKSHIRE HEALTH SYSTEM: $90.8 million series 2012G revenue bonds (A3/BBB+/BBB+); negotiated; Barclays Capital Inc. (lead); Bank of America Merrill Lynch and Morgan Stanley & Co. LLC (co-managers); proceeds to refund the series 2001E and 2009A revenue bonds issued for the health system by the Massachusetts Health and Educational Facilities Authority; pricing week of May 7.

MICHIGAN FINANCE AUTHORITY/SCHOOL DISTRICT OF THE CITY OF DETROIT: $140,885,000 series 2012 revenue bonds (/A+/); negotiated; J.P. Morgan Securities LLC and Siebert Brandford Shank & Co. LLC (lead); Loop Capital Markets LLC (co-manager); bonds due 2013 to 2020 proceeds to redeem school district's series 2005 bonds; pricing week of May 7.

MUNICIPAL GAS AUTHORITY OF GEORGIA: $82 million series P gas revenue refunding bonds (MIG1/SP-1+/F1+); negotiated; Wells Fargo Securities LLC and J.P. Morgan Securities LLC (lead); bonds due May 2013; proceeds to refund the authority's series K revenue bonds, which were used to finance the acquisition of a working interest in gas wells in the Black Warrior Basin of Alabama and the Cherokee Basin of Kansas; pricing week of May 7.

PORTLAND (OREGON): $69.76 million series 2012 Oregon Convention Center senior-lien urban renewal and redevelopment bonds (Aa3); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); Wells Fargo Securities LLC (co-manager); proceeds to repay a line of credit, which was utilized to finance capital projects related to the convention center; pricing week of May 7.

• $63,435,000 series 2012A taxable bonds due 2021 to 2025

• $1,325,000 series 2012B tax-exempt bonds due June 15, 2025

RHODE ISLAND HOUSING AND MORTGAGE FINANCE CORP.: $61,075,000 series 61 homeownership opportunity bonds; negotiated; Morgan Stanley & Co. LLC and Bank of America Merrill Lynch (lead); Janney Montgomery Scott LLC, J.P. Morgan Securities LLC, M.R. Beal & Co., Oppenheimer & Co., RBC Capital Markets LLC and Roosevelt & Cross Inc. (co-managers); proceeds to make funds available for mortgage loans and refund debt; pricing week of May 7.

• $15.23 million series 61-A non-AMT bonds due 2013 to 2023

• $10 million series 61-B non-AMT bonds due 2026, 2037 and 2042

• $35,845,000 series 61-C AMT bonds due 2012 to 2020 with term bond due in 2034

RICHMOND COUNTY BOARD OF EDUCATION (GEORGIA): $130,015,000 series 2012 general obligation sales tax bonds (Aa1/AA+/); negotiated; Citigroup Global Markets Inc. and Raymond James/Morgan Keegan (lead); bonds due 2013 to 2017; proceeds to construct, equip, install and acquire new school buildings and facilities in the district; pricing week of May 7.

SOUTH DAKOTA CONSERVANCY DISTRICT: $126.02 million series 2012 state revolving fund program bonds; negotiated; Wells Fargo Securities LLC (lead); J.P. Morgan Securities LLC and Piper Jaffray & Co. (co-managers); proceeds to advance refund the district's series 2004 and 2005 bonds; pricing week of May 7.

• $69,995,000 series 2012A taxable bonds due 2012 to 2026

• $56,065,000 series 2012B tax-exempt bonds due 2012 to 2032

SOUTH JERSEY PORT CORP.: $58,115,000 series 2012Q marine terminal revenue refunding bonds (A1/A-/); competitive; Goldman Beale Associates (financial adviser); bonds due 2014 to 2033; proceeds to advance refund the corporation's series 2002K marine terminal revenue bonds; pricing week of May 7.

May 9

COMMONWEALTH TRANSPORTATION BOARD (VIRGINIA): $50.25 million series 2012 Route 28 project transportation revenue refunding bonds (Aa1/AA+/AA+); competitive; Public Resources Advisory Group (financial adviser); bonds due 2013 to 2018 and 2028 to 2032; proceeds to refund the board's series 2002 contract revenue refunding bonds and a portion of the board's series 2002 contract revenue bonds, which were used to make improvements to Route 28, a north-south state highway that passes through Fairfax and Loudoun counties and connects Route 7 in the north with the Dulles, Greenway, Route 50 and Interstate 66 in the south, passing through the Washington Dulles International Airport; pricing May 9.

HILLSBOROUGH COUNTY (FLORIDA): $88,795,000 series 2012 community investment tax revenue refunding bonds (A1/AA/AA); competitive; Public Resources Advisory Group Inc. (financial adviser); proceeds to current refund the county's series 2001A-B community investment tax revenue bonds and advance refund the county's series 2004 community investment tax revenue bonds.

• $41.71 million series 2012A bonds due 2012 to 2025

• $47,085,000 series 2012B bonds due 2012 to 2025

MESA (ARIZONA): $67.3 million series 2012 utility systems revenue bonds (Aa2/AA-/); competitive; Wedbush Securities Inc. (financial adviser); bonds due July 1, 2036; proceeds to construct and acquire improvements to the city's utility systems; pricing May 9.

May 10

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/STANFORD HOSPITAL AND CLINICS: $415 million series 2012 revenue bonds (Aa3/AA-/AA-); negotiated; Morgan Stanley & Co. LLC (lead); J.P. Morgan Securities LLC and Goldman Sachs & Co. (co-managers); proceeds to finance capital improvements to Stanford Hospital and Clinics properties, as well as to refund existing bonds due in November of 2012 and November of 2013; pricing May 10.

• $340 million series 2012A bonds

• $75 million series 2012B bonds

ILLINOIS: $350 million series 2012 taxable sales tax revenue bonds (/AAA/AA+); negotiated; KeyBanc Capital Markets (bookrunning senior manager); George K. Baum & Co., Guggenheim Securities LLC and Lebenthal & Co. Inc. (co-senior managers); Estrada Hinojosa & Co. Inc., Jackson Securities Inc., North South Capital LLC and Stern Brothers & Co. (co-managers); bonds due 2013 to 2027 with term bonds due in 2032 and 2036; proceeds to be deposited into the Build Illinois general fund for capital improvements for the state; pricing May 10.

OKLAHOMA DEVELOPMENT FINANCE AUTHORITY/ST. JOHN HEALTH SYSTEM: $190 million series 2012 revenue and refunding bonds (A2/A/); negotiated; Goldman Sachs & Co. and Citigroup Global Markets Inc. (lead); proceeds to acquire the St. John Broken Arrow facility in Broken Arrow, Okla., and to construct, acquire and renovate St. John facilities in Tulsa, Okla.; pricing May 10.

Week of May 14

May 15

FAIRFAX COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VIRGINIA): $65,395,000 series 2012A Fairfax County facilities revenue bonds (Aa1/AA+/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2013 to 2042; proceeds to construct a 200,000 square-foot building to house a new Woodburn Mental Health Center and related parking facility, as well as construct a neighborhood community center, the Providence Community Center in Fairfax, Va.; pricing May 15.

On the Horizon

COLLIN COUNTY (TEXAS): $67,925,000 series 2012 road, improvement and refunding bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc. and Estrada Hinojosa & Co. (lead); Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to acquire and improve land for park and open space purposes, including joint city-county projects; construct, maintain and operate macadamized, graveled or paved roads and turnpikes in the county; and refund the county's series 2004 unlimited tax road and refunding bonds and series 2005 unlimited tax road and refunding bonds.

• $48,255,000 series 2012 unlimited tax road and refunding bonds due 2013 to 2032

• $19.67 million series 2012 limited tax refunding and improvement bonds due 2013 to 2032

COLORADO HEALTH FACILITIES AUTHORITY/EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY: $171,415,000 series 2012 health facilities revenue bonds (A3/A-/); negotiated; Citigroup Global Markets Inc. and Herbert J. Sims & Co. (lead); proceeds to refund the authority's series 2009A, 2002 and 2000 bonds issued for the society; series 2002, 2000, 1998 and 1997 Minnesota Agricultural and Economic Development Board bonds for the society; series 1998A Sioux Falls, S.D., bonds for the society; series 1998 Minneapolis, Minn., bonds for the society; and series 1998 Weld County, Colo., bonds for the society.

CONNECTICUT HOUSING FINANCE AUTHORITY: $52,375,000 series 2012B housing mortgage finance program bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc., Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Barclays Capital Inc.; Goldman Sachs & Co.; Grigsby & Associates; Janney Montgomery Scott LLC; Jefferies & Co.; M.R. Beal & Co.; Raymond James/Morgan Keegan; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC (co-managers); proceeds to fund mortgage loans and refund existing debt that was issued to finance mortgage loans.

• $24.62 million series 2012B-1 bonds due 2021 to 2023 with term bonds due 2028

• $14,465,000 series 2012B-2 AMT bonds due 2013 to 2023 with term bonds due 2027, 2032 and 2043

• $13.29 million series 2012B-3 taxable bonds due 2013 to 2021

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MANHATTAN COLLEGE: $55 million (maximum); negotiated; proceeds to construct a student commons building and refund the college's series 2000 insured revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NEW YORK UNIVERSITY: $85,965,000 series 2012 revenue bonds (Aa3/AA-/); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Lebenthal & Co. LLC, Oppenheimer & Co. Inc. and Roosevelt & Cross Inc. (co-managers); proceeds to construct, equip, renovate and repair university buildings.

ESCAMBIA COUNTY (FLORIDA): $65 million series 2012 solid waste removal revenue bonds; negotiated; Goldman, Sachs & Co. (lead); proceeds to finance solid waste removal projects within the county.

GEORGIA HOUSING AND FINANCE AUTHORITY: $100.61 million series 2012A single family mortgage bonds (/AAA/); negotiated; Citigroup Global Markets Inc. and Bank of America Merrill Lynch (lead); George K. Baum & Co., J.P. Morgan Securities LLC and Raymond James/Morgan Keegan (co-managers); proceeds to current refund existing bonds.

• $30 million series 2012A-1 non-AMT bonds due 2032, 2037 and 2042

• $17,955,000 series 2012A-2 AMT bonds due 2014 to 2017 with term bond due in 2028

• $52,655,000 series 2012A-3 AMT bonds due 2012 to 2023 with term bonds due in 2025 and 2030

HOUSTON (TEXAS)/CONVENTION & ENTERTAINMENT FACILITIES DEPARTMENT: hotel occupancy tax and special revenue refunding bonds (A2/A-/); negotiated; Hutchinson, Shockey, Erley & Co. and Mesirow Financial (lead); bonds due 2026 to 2033; proceeds to refund city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

LOS ANGELES UNIFIED SCHOOL DISTRICT (CALIFORNIA): $159.74 million series 2012 headquarters building project refunding certificates of participation; negotiated; RBC Capital Markets LLC and Piper Jaffray & Co. (lead); Backstrom McCarley Berry & Co. LLC (co-manager); proceeds to refund district's series 2008A-B certificates.

• $87.9 million series 2012A COPs

• $71.84 million series 2012B COPs

LOYOLA UNIVERSITY OF CHICAGO: $156,705,000 series 2012A taxable fixed-rate bonds (A2/A/); negotiated; Morgan Stanley & Co. LLC and PNC Capital Markets LLC (lead); bonds due July 1, 2022, and July 1, 2042; proceeds to construct and equip educational facilities for the university.

NEW HAMPSHIRE: $100 million series 2012 federal highway grant anticipation bonds; negotiated; Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Barclays Capital Inc. and Fidelity Capital Markets LLC (co-managers); bonds due 2013 to 2020; proceeds to reconstruct and widen sections of Interstate 93 in Salem, N.H., and Windham, N.H.

NORFOLK (VIRGINIA): $206,645,000 series 2012 general obligation bonds; negotiated; proceeds to fund capital improvements and refund existing G.O. bonds.

• $119,625,000 series 2012A tax-exempt G.O. capital improvement bonds

• $56,585,000 series 2012B tax-exempt G.O. capital improvement refunding bonds

• $8,945,000 series 2012C AMT G.O. refunding bonds

• $21.49 million series 2012D taxable qualified school reconstruction bonds

OLYMPIA SCHOOL DISTRICT NO. 111 (WASHINGTON): $59,865,000 series 2012 unlimited tax general obligation refunding bonds (Aa2/A+/); competitive; D.A. Davidson & Co. (financial adviser); bonds due 2012 to 2023; proceeds to advance refund district's series 2003 and 2005A G.O. bonds.

PUBLIC FINANCE AUTHORITY (NORTH CAROLINA)/SEARSTONE CORP.: $117,345,000 series 2012 revenue bonds; negotiated; Herbert J. Sims & Co. Inc. and BB&T Capital Markets (lead); proceeds to construct, equip and acquire a senior living community in Cary, NC., that consists of 131 apartments, 38 estate homes, 8 assisted living units and a nursing facility.

• $56,145,000 series 2012A revenue bonds due 2022, 2037 and 2047

• $60.39 million series 2012B entrance fee principal redemption bonds due 2020

• $810,000 series 2012C taxable entrance fee principal redemption bonds due 2016

SAN DIEGO UNIFIED SCHOOL DISTRICT (CALIFORNIA): $150 million election of 2008 series 2012E dedicated ad valorem property tax general obligation bonds (Aa2/AA-/); negotiated; De La Rosa & Co. Inc. and J.P. Morgan Securities LLC (lead); Citigroup Global Markets Inc. and Goldman Sachs & Co. (co-managers); proceeds to repair outdated restrooms, plumbing and roofs, upgrade classrooms and laboratories, improve safety measures, purchase up-to-date technology and make other improvements to classrooms and school facilities.

STANFORD UNIVERSITY (CALIFORNIA): $140 million series 2012 taxable bonds (Aaa/AAA/AAA); negotiated; Goldman Sachs & Co. and Morgan Stanley & Co. LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC (co-managers); bonds due May 1, 2042; proceeds to refinance commercial paper and other debt that refinanced capital projects for the university.

TUFTS UNIVERSITY (MASSACHUSETTS): $250 million series 2012A taxable bonds; negotiated; Barclays Capital Inc. and J.P. Morgan Securities LLC; bonds due April 15, 2112; proceeds for general corporate needs of the university.

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/MERCY ALLIANCE INC.:

$171,805,000 series 2012 revenue bonds (A2); negotiated; Ziegler Capital Markets Inc. and U.S. Bancorp Investments Inc. (lead); proceeds to be lent to the company for the construction, renovation and acquisition of facilities operated by Mercy Alliance and to refund the series 1999 bonds issued for the company's Mercy Health Alliance and the 2005 and 2009 bonds issued for the company.

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