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Published on 7/5/2012 in the Prospect News Municipals Daily.

Municipal Calendar: Polk County, Iowa, to sell $110.68 million

Week of July 9

July 9

POLK COUNTY (IOWA): $110,675,000 series 2012 general obligation and G.O. refunding bonds (Aaa/AAA/); competitive; Piper Jaffray & Co. (financial adviser); proceeds to finance county infrastructure and equipment acquisition projects to fund housing grants, complete the Rock Creek Sewer project and refund the county's series 2006A-D G.O. bonds; pricing July 9.

• $37.96 million series 2012A G.O. bonds due 2013 to 2032

• $72,715,000 series 2012B G.O. refunding bonds due 2015 to 2026

July 10

COLORADO: $500 million series 2012A general fund tax and revenue anticipation notes (MIG 1/SP-1+/); competitive; First Southwest Co. Inc. (financial adviser); notes due June 27, 2013; proceeds to finance anticipated cash shortfalls in the 2012-2013 fiscal year; pricing July 10.

COLUMBUS (OHIO): $447,035,000 series 2012 general obligation bonds (Aaa/AAA/AAA); competitive; Prism Municipal Advisors LLC (financial adviser); proceeds to finance transportation, refuse collection, parks and recreation, and safety and health projects within the city; pricing July 10.

• $405,605,000 series 2012A various purpose unlimited tax G.O. bonds due 2014 to 2033

• $41.43 million series 2012B various purpose limited tax G.O. bonds due 2014 to 2028

LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY: $92.87 million series 2012 Proposition C sales tax revenue refunding bonds (Aa3/AA+/); competitive; Public Financial Management Inc. (financial adviser); proceeds to refund the authority's series 1999A and 2009C revenue bonds; pricing July 10.

• $12,305,000 series 2012A senior bonds due 2027 to 2028

• $81,565,000 series 2012B senior bonds due 2020 to 2025

NORTHSIDE INDEPENDENT SCHOOL DISTRICT (TEXAS): $55 million series 2012 unlimited tax school building bonds; negotiated; Citigroup Global Markets Inc. and Raymond James/Morgan Keegan (lead); bonds due 2013 and 2033 to 2042; proceeds to purchase sites and construct, renovate, equip and acquire school buildings and facilities for the district; pricing July 10.

TEXAS: $85,535,000 series 2012 college student loan general obligation bonds (Aaa/AA+/); competitive; Estrada Hinojosa & Co. Inc. (financial adviser); bonds due 2016 to 2035; proceeds to fund various student loan programs operated by the state; pricing July 10.

July 11

ALEXANDRIA (VIRGINIA): $94.07 million series 2012 general obligation bonds (Aaa/AAA/); competitive; Davenport & Co. LLC (financial adviser); proceeds to finance capital improvement projects for the city, including public schools, parks and buildings, capital contributions to the Washington Metropolitan Area Transit Authority, infrastructure improvements and maintenance, affordable housing, sanitary sewers, storm water management, traffic control and improvement technology, as well as refund the city's series 2004C and 2006A G.O. bonds; pricing July 11.

• $76.82 million series 2012B G.O. capital improvement bonds due 2013 to 2033

• $17.25 million series 2012C G.O. refunding bonds due 2013 to 2025

July 12

MIAMI-DADE COUNTY SCHOOL DISTRICT (FLORIDA): $290 million series 2012 tax anticipation notes (MIG 1); competitive; Public Financial Management Inc. (financial adviser); notes due Feb. 28, 2013; proceeds to finance operating expenses for the district ahead of the collection of ad valorem taxes; pricing July 12.

VIRGINIA RESOURCES AUTHORITY: $81.03 million series 2012B infrastructure and state moral obligation revenue bonds; negotiated; Raymond James/Morgan Keegan (lead); J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC (co-managers); proceeds to purchase series 2012 obligations issued by local governments to finance qualified infrastructure projects; pricing July 12.

• $51.08 million series 2012B non-AMT infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2041

• $4.37 million series 2012B AMT infrastructure revenue bonds (Aaa/AAA/) due 2012 to 2024

• $23,735,000 series 2012B non-AMT state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2041

• $1,845,000 series 2012B AMT state moral obligation revenue bonds (Aa2/AA/) due 2012 to 2024

Week of July 16

July 18

CONTRA COSTA WATER DISTRICT (CALIFORNIA): $94.91 million series Q water revenue refunding bonds (Aa2/AA+/AA+); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2032; proceeds to refund district's series K water revenue bonds; pricing July 8.

On the Horizon

AUSTIN (TEXAS): $335,885,000 series 2012 water and wastewater system revenue refunding bonds (Aa2/AA/AA-); negotiated; Goldman, Sachs & Co. (lead); Bank of America Merrill Lynch, Estrada Hinojosa & Co. Inc., First Southwest Co., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2042; proceeds to refund existing commercial paper and refund the city's series 2004 revenue bonds, as well as terminate a swap agreement connected to those bonds.

BLACK BELT ENERGY GAS DISTRICT (ALABAMA): $773,845,000 series 2012A gas project revenue bonds (A1/A-/A); negotiated; Goldman Sachs & Co. and Merchant Capital LLC (lead); bonds due 2013 to 2042; proceeds to acquire natural gas as part of a prepaid natural gas purchase agreement.

CENTRAL PUGET SOUND REGIONAL TRANSIT AUTHORITY (WASHINGTON): $317.23 million series 2012 sales tax and motor vehicle excise tax refunding bonds; negotiated; Bank of America Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to advance refund the authority's series 2005A parity bonds.

• $216.37 million series 2012P-1 sales tax and motor vehicle excise tax refunding bonds (Aa1/AAA/) due 2013 to 2028

• $100.86 million series 2012S-1 sales tax refunding bonds (Aa2/AAA/) due 2016 to 2030

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $600 million tax-exempt refunding bonds; negotiated; RBC Capital Markets LLC and Raymond James/Morgan Keegan (lead); proceeds to refund the authority's series 2002A-I school districts revenue bond financing program revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: up to $270 million tax-exempt and/or taxable fixed-rate bonds; negotiated; proceeds to finance capital projects at various campuses throughout the State University of New York System and current refund existing lease revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/BROOKLYN LAW SCHOOL: $60 million fixed-rate tax-exempt refunding bonds; proceeds to refund the law school's series 2003A-B revenue bonds.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/LONG ISLAND UNIVERSITY: up to $66 million fixed-rate tax-exempt and/or taxable bonds; proceeds to current refund all or a portion of the authority's series 1999 and 2003A-B bonds sold for the university.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/MIRIAM OSBORN MEMORIAL HOME ASSOCIATION: up to $55 million tax-exempt revenue bonds; negotiated; Herbert J. Sims & Co. (lead); proceeds to make renovations and upgrades to the association's independent and assisted living facilities, as well as to refund its series 2000B revenue bonds.

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/ST. JOHN'S UNIVERSITY: $112 million fixed-rate tax-exempt bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate bonds.

EASTERN MUNICIPAL WATER DISTRICT (CALIFORNIA): $50 million series 2012A refunding water and sewer revenue bonds (Aa2/VMIG 1/A-1+/AA+/F1+); negotiated; Stone & Youngberg (sole); bonds due July 1, 2038; proceeds to refund the district's series 2008F certificates of participation.

EDMONDS HIGH SCHOOL DISTRICT (WASHINGTON): $92,885,000 series 2012 unlimited tax general obligation refunding bonds (Aa1); negotiated; Seattle-Northwest Securities Inc. (lead); proceeds to refund the district's series 2006 G.O. bonds.

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.

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.

IRVINE (CALIFORNIA): $133,325,000 series 2012 limited obligation improvement bonds (/BBB+/); negotiated; Piper Jaffray & Co. and Stone & Youngberg (lead); bonds due 2013 to 2029; proceeds to refund existing improvement bonds.

JEA (FLORIDA): $123.04 million issue 3 series 6 St. Johns River Power Park System revenue bonds (Aa2); negotiated; Wells Fargo Securities LLC (lead); Barclays Capital Inc., Bank of America Merrill Lynch, BMO Capital Markets LLC, Citigroup Global Markets Inc., Goldman Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers); bonds due 2013 to 2028 with term bond due in 2032; proceeds to refund existing debt issued for the St. Johns River Power Park System.

LAS VEGAS VALLEY WATER DISTRICT (NEVADA): $399.34 million series 2012 general obligation bonds (Aa2/AA+/); negotiated; Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Morgan Stanley & Co. LLC and Wells Fargo Securities LLC (co-managers); proceeds to acquire and construct water resources facilities for the Southern Nevada Water Authority and refund some of the district's existing water bonds.

• $39.34 million series 2012A limited tax water refunding bonds due 2028 to 2032

• $360 million series 2012B limited tax water bonds due 2015 to 2032 with term bonds due in 2037 and 2042

LINCOLN (NEBRASKA)/LINCOLN ELECTRIC SYSTEM: $210 million series 2012 revenue and refunding bonds (/AA/AA); negotiated; Bank of America Merrill Lynch (lead); Ameritas Investments Corp., Citigroup Global Markets Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); bonds due 2013 to 2032 with term bond due in 2037; proceeds to finance capital improvements to the system, as well as to refund the system's series 2003 revenue bonds.

MASSACHUSETTS PORT AUTHORITY: $285 million series 2012 revenue and revenue refunding bonds (Aa3/AA-/AA); negotiated; Bank of America Merrill Lynch (lead); Fidelity Capital Markets Inc., Jefferies & Co. and Ramirez & Co. Inc. (co-managers); proceeds to finance the authority's fiscal year 2012 to fiscal year 2016 capital program, as well as to refund existing debt.

• $120 million series 2012A AMT revenue bonds

• $165 million series 2012B non-AMT bonds

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $500 million series 2012E transportation revenue bonds; negotiated; Jefferies & Co. and Rice Financial Products Co. (lead); Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., FirstSouthwest Co., Loop Capital Markets LLC, M.R. Beal & Co. Inc., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC (co-managers); proceeds to finance commuter and transit projects.

MIAMI-DADE COUNTY (FLORIDA): $540 million series 2012 transit system sales surtax revenue bonds (A1/AA/AA-); negotiated; J.P. Morgan Securities LLC (lead); Estrada Hinojosa & Co. Inc., Rice Financial Products Co., Citigroup Global Markets Inc., Bank of America Merrill Lynch, M.R. Beal & Co., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Jackson Securities Inc., Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC, Goldman, Sachs & Co., Barclays Capital Inc. and Jefferies & Co. (co-managers); proceeds to refund and redeem the county's series 2011 bond anticipation notes.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $850 million fiscal 2013 series S-1 building aid revenue bonds; negotiated; J.P. Morgan Securities LLC (lead); Barclays Capital Inc., Goldman Sachs & Co., Cabrera Capital Markets Inc., Jefferies & Co., Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Oppenheimer & Co. Inc., Southwest Securities Inc., Bank of America Merrill Lynch, Fidelity Capital Markets LLC, Loop Capital Markets LLC, Rice Financial Products Co., Raymond James/Morgan Keegan, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Jackson Securities Inc., M.R. Beal & Co., Roosevelt & Cross Inc., Wells Fargo Bank, NA, RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc. (co-managers); proceeds to pay a portion of the costs of one or more of the five-year plans approved by the authority for educational facilities.

OAKLAND (CALIFORNIA): $211.3 million series 2012 taxable pension obligation bonds (Aa3/A+/); negotiated; RBC Capital Markets LLC (lead); Siebert Brandford Shank & Co. LLC and Blaylock Robert Van LLC (co-managers); proceeds to refund a debenture that was issued to finance the city's unfunded actuarial accrued liability for retirement benefits to police and fire personnel.

PALM BEACH COUNTY SCHOOL BOARD (FLORIDA): $68.12 million series 2012C certificates of participation (Aa3//AA-); negotiated; Bank of America Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); COPs due 2016 to 2029; proceeds to refund school board's series 2004A COPs.

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.

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.

TENNESSEE SCHOOL BOND AUTHORITY: $427.7 million series 2012 higher educational facilities second program bonds (Aa1/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); Citigroup Global Markets, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and Piper Jaffray & Co. (co-managers); proceeds to finance capital projects at several Tennessee universities and colleges, as well as to refund existing commercial paper notes.

• $201.5 million series 2012A bonds due 2013 to 2042

• $104,055,000 series 2012B taxable bonds due 2013 to 2042

• $122,145,000 series 2012C refunding bonds due 2013 to 2034

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.

VILLAGE OF SCHAUMBURG (ILLINOIS): $65.1 million series 2012A general obligation refunding bonds (Aaa/AA+/); negotiated; William Blair & Co. (lead); the Northern Trust Co. and Citigroup Global Markets Inc. (co-managers); bonds due 2015 to 2029; proceeds to refund the village's series 2004B G.O. bonds.


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