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Published on 1/22/2013 in the Prospect News Municipals Daily.

Municipal Calendar: Baltimore County preps $200 million note sale

Week of January 21

BREVARD COUNTY HEALTH FACILITIES AUTHORITY/HEALTH FIRST INC. (FLORIDA): $66,425,000 series 2013A health facilities revenue refunding bonds (A3/A-/); negotiated; Barclays and Citigroup Global Markets Inc. (lead); proceeds to refund existing debt; pricing week of Jan. 21.

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY/ADVENTIST HEALTH SYSTEM WEST: $284.61 million series 2013A revenue bonds (/A/A); negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); bonds due 2015 to 2028 with term bonds due 2033 and 2043; proceeds to finance capital projects at the health system's facilities; pricing week of Jan. 21.

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY/AMERICAN BAPTIST HOMES OF THE WEST: $71.66 million series 2013 revenue bonds (/BBB/BBB+); negotiated; Ziegler Capital Inc. (lead); proceeds to construct, equip and furnish American Baptist Homes of the West facilities; pricing week of Jan. 21.

• $20 million series 2013A revenue bonds

• $9.66 million series 2013B-1 tax-exempt mandatory paydown securities due 2021

• $12 million series 2013B-2 tax-exempt mandatory paydown securities due 2020

• $30 million series 2013B-3 tax-exempt mandatory paydown securities due 2019

HILLSBOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY/TAMPA GENERAL HOSPITAL (FLORIDA): $162,025,000 series 2012A hospital revenue refunding bonds (A3); negotiated; J.P. Morgan Securities LLC (lead); SunTrust Robinson Humphrey and Wells Fargo Securities LLC (co-managers); proceeds to refund the authority's series 2003A revenue bonds; pricing week of Jan. 21.

HOUSTON INDEPENDENT SCHOOL DISTRICT (TEXAS): $301.47 million series 2013 schoolhouse and refunding bonds; negotiated; J.P. Morgan Securities LLC (lead); Bank of America Merrill Lynch, Jefferies & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to construct, acquire, equip and furnish school buildings, as well as to refund existing debt; pricing week of Jan. 21.

• $204.23 million series 2013A limited tax schoolhouse and refunding bonds (Aaa/AAA/) due 2014 to 2038

• $97.24 million series 2013C limited tax refunding bonds (Aaa/AA+/) due 2014 to 2015, 2017 to 2019 and 2027 to 2032

JOBSOHIO BEVERAGE SYSTEM: $1,526,740,000 series 2013 statewide senior-lien liquor profits revenue bonds (Aa2/AA/); negotiated; J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (joint bookrunners); Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Fifth Third Securities LLC, The Huntington Investment Co., KeyBanc Capital Markets LLC and Loop Capital Markets LLC (co-managers); proceeds to grant the system exclusive rights to operate a liquor enterprise and provide additional working capital for the enterprise.

• $423,055,000 series 2013A tax-exempt bonds due 2015 to 2023 with term bond due in 2038

• $1,103,685,000 series 2013B taxable bonds due 2015 to 2023 with term bonds due 2029 and 2035

LOUISIANA: $249,205,000 series 2013A state highway improvement revenue bonds (Aa3/AA-/AA-); negotiated; Citigroup Global Markets Inc. (lead); Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and Stephens Inc. (co-managers); bonds due 2014 to 2033; proceeds to fund state highway improvements; pricing week of Jan. 21.

MAINE STATE HOUSING AUTHORITY: $106 million series 2013 mortgage purchase bonds; negotiated; Bank of America Merrill Lynch and Citigroup Global Markets Inc. (lead); J.P. Morgan Securities LLC, Raymond James/Morgan Keegan, Morgan Stanley & Co. LLC and RBC Capital Markets LLC (co-managers); proceeds to finance mortgage loans; pricing week of Jan. 21.

• $7,805,000 series 2013A taxable bonds due 2015 to 2020

• $98,195,000 series 2013B tax-exempt bonds due 2020 to 2024 with term bonds due in 2027, 2032, 2037, 2038 and 2043

MILWAUKEE COUNTY (WISCONSIN): $139.38 million series 2013 taxable general obligation pension promissory notes (Aa2/AA/AA+); negotiated; J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2014 to 2028 with term bond due in 2030; proceeds to fund unfunded county employee pensions, as well as to refund the county's series 2009A pension promissory notes; pricing week of Jan. 21.

NORTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT (CALIFORNIA): $149 million series 2013 taxable general obligation refunding bonds (Aa1); negotiated; Piper Jaffray & Co. (lead); proceeds to refund existing G.O. debt; pricing week of Jan. 21.

January 23

BALTIMORE COUNTY (MARYLAND): $200 million series 2013 bond anticipation notes (MIG 1/SP-1+/F1+); competitive; Public Resources Advisory Group (financial adviser); notes due Feb. 24, 2014; proceeds to provide interim funding for the county's capital program; pricing Jan. 23.

• $60 million series 2013 metropolitan district BANs

• $140 million series 2013 public improvement BANs

PORT AUTHORITY OF NEW YORK AND NEW JERSEY: $350 million series 177 consolidated bonds; competitive; bonds due 2014 to 2043; proceeds to finance improvements and repairs to Port Authority property following damages caused by Hurricane Sandy in late October of 2012; pricing Jan. 23.

STAMFORD (CONNECTICUT): $50 million series 2013 general obligation bonds (Aa1/AAA/); competitive; Webster Bank (financial adviser); bonds due 2014 to 2033; proceeds to finance capital improvements to be undertaken by the city; pricing Jan. 23.

WASHINGTON STATE:$1,231,300,000 series 2013 general obligation bonds (Aa1/AA+/AA+); competitive; Montague DeRose & Associates and Seattle-Northwest Securities Corp. (financial advisers); proceeds to fund various statewide capital projects, including transportation-related construction projects, as well as to refund existing debt for a present value savings, including the state's 1996 variable-rate demand G.O. bonds; pricing Jan. 23.
• $230.58 million series 2013D various purpose general obligation bonds due 2014 to 2038
• $551.91 million series R-2013C various purpose G.O. refunding bonds due 2013 to 2030
• $125.36 million series R-2013D motor vehicle tax G.O. refunding bonds due 2018 to 2030
• $323.45 million series 2013E motor vehicle fuel tax G.O. bonds due 2014 to 2043
January 24
EVERETT (WASHINGTON): $62.26 million series 2013 water and sewer revenue refunding bonds (/AA+/); competitive; Piper Jaffray & Co. (financial adviser); bonds due 2013 to 2030; proceeds to advance refund the city's series 2003 and 2005 water and sewer revenue bonds; pricing Jan 24.
MECKLENBURG COUNTY (NORTH CAROLINA): $15 million series 2013 limited obligation bonds (Aa1//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to refund a portion of county's series 2008B certificates of participation; pricing Jan. 24.
Week of January 28
January 29
SCOTTSDALE (ARIZONA): $75 million project of 2004 series 2013 general obligation bonds (Aaa/AAA/AAA); competitive; Piper Jaffray & Co. (financial adviser); bonds due 2015, 2019 to 2025 and 2027 to 2034; proceeds to acquire and improve land for the McDowell Sonoran Preserve; pricing Jan. 29.
SCOTTSDALE MUNICIPAL PROPERTY CORP. (ARIZONA): $65 million series 2013 excise tax revenue and refunding bonds (Aa1/AAA/AAA); competitive; Piper Jaffray & Co. (financial adviser); bonds due 2014 to 2033; proceeds to acquire and construct capital improvements to the Tony Nelssen Equestrian Center, acquire and construct certain capital improvements to the McDowell Mountain Golf Course and refinance the initial lease term of the existing Scottsdale Fashion Square Partnership parking garage lease agreement; pricing Jan. 29.
January 31
ROCHESTER (NEW YORK): $96.62 million series 2013 general obligation bonds (Aa3/A+/A+); competitive; Capital Market Advisors LLC (financial adviser); proceeds to finance sidewalk reconstruction, cemetery improvements, road reconstruction, construct and reconstruct school facilities, water supply facilities, parking garages and to redeem bond anticipation notes; pricing Jan. 31.
• $29.15 million series 2013-I bonds due 2015 to 2025
• $67.47 million series 2013-II bonds due 2014 to 2029
Week of February 4
February 5
MECKLENBURG COUNTY (NORTH CAROLINA): $100 million series 2013B general obligation refunding bonds (Aa1//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance park and recreational facilities, school facilities, and community college facilities; pricing Feb. 5.
February 7
UNIFIED GOVERNMENT OF WYANDOTTE COUNTY/KANSAS CITY (KANSAS): $82.05 million series 2013 general obligation bonds and temporary notes; competitive; Springsted Inc. (financial adviser); proceeds to finance capital improvements in county and city; pricing Feb. 7.
• $15.25 million series 2013A general obligation improvement bonds due 2013 to 2033
• $5,305,000 series 2013B G.O. bonds due 2014 to 2031
• $54,155,000 series 2013-I municipal temporary notes due March 1, 2014
• $7.34 million series 2013-II municipal temporary notes due March 1, 2014
On the Horizon
ADVENTIST HEALTH SYSTEM WEST (CALIFORNIA): $50 million series 2013 taxable bonds (/A/A); negotiated; Wells Fargo Securities LLC and Bank of America Merrill Lynch (lead); bonds due March 1, 2023; proceeds for general corporate purposes.
ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY (CALIFORNIA): $265 million series 2013A tax-exempt senior lien revenue refunding bonds (A3/A/A-); negotiated; Stone & Youngberg and Bank of America Merrill Lynch (lead); bonds due 2019 to 2029; proceeds to refund the authority's series 1999A revenue bonds.
BAY AREA WATER SUPPLY AND CONSERVATION AGENCY (CALIFORNIA): $334,455,000 series 2013 capital cost recovery prepayment program revenue bonds (Aa3/AA-/); negotiated; Goldman, Sachs & Co. and De La Rosa & Co. (lead); Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (co-managers); proceeds to finance the prepayment of water supply from certain retail water providers.
• $239.86 million series 2013A bonds due 2014 to 2034
• $94,595,000 series 2013B bonds due 2014 to 2034
CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE-NEW HAVEN HOSPITAL INC.: $100 million revenue bonds; negotiated; Barclays (lead); J.P. Morgan Securities LLC (co-manager); proceeds to finance and refinance capital projects for the hospital.
• $50 million series N bonds (Aa3/A+/)
• $50 million series O bonds (Aa1/VMIG 1/AAA/A-1+/)
CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/YALE UNIVERSITY: $150 million series 2010A-3 revenue bonds remarketing (Aaa/AAA/); negotiated; Barclays and J.P. Morgan Securities LLC (remarketing agents); bonds to convert to term rate from adjustable rate.
COOK COUNTY (ILLINOIS): $90 million county road and highway improvement sales tax revenue bonds (//AAA); negotiated; Wells Fargo Securities LLC (lead); proceeds to finance road, bridge and highway infrastructure projects as part of the county's 2012 -2014 highway transportation plan.
DOUGLAS COUNTY SCHOOL DISTRICT (GEORGIA): $116.91 million series 2013 general obligation refunding bonds (Aa2/AA+/); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2018 to 2027; proceeds to refund existing G.O. debt.
FAIRFAX COUNTY (VIRGINIA): $101,455,000 series 2013B public improvement bonds (Aaa/AAA/AAA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2014 to 2024; proceeds to finance school, transportation, public safety, parks and recreation and other improvement, as well as to refund the county's series 2004A-B, 2005A, 2007A and 2008A public improvement bonds.
FRANKLIN COUNTY (OHIO)/FIRST COMMUNITY VILLAGE OBLIGATED GROUP: $52,225,000 series 2013 health care facilities revenue refunding bonds; negotiated; H.J. Sims & Co. (lead); bonds due 2016 to 2022 with term bonds due in 2032 and 2047; proceeds to make capital improvements to the obligated group's skilled nursing group, as well as to retire a term loan.
GEORGETOWN INDEPENDENT SCHOOL DISTRICT (TEXAS): $57,985,000 series 2013A unlimited tax refunding bonds; negotiated; Baird & Co. (lead); Jefferies & Co. and Oppenheimer & Co. (co-managers); bonds due 2013 and 2016 to 2026; proceeds to refund the district's series 2006 unlimited tax bonds.
HAMPTON ROADS SANITATION DISTRICT (VIRGINIA): $215.22 million series 2013 wastewater revenue and refunding bonds (Aa2/AAA/AA+); negotiated; Raymond James/Morgan Keegan (lead); bonds due 2013 and 2019 to 2033 with term bond due in 2038; proceeds to finance capital wastewater projects and refund existing revenue bonds.
IRVING INDEPENDENT SCHOOL DISTRICT (TEXAS): $66,405,000 series 2013 taxable unlimited tax refunding bonds (Aaa/AAA/); negotiated; Baird & Co. (lead); BOSC Inc., Hutchison, Shockey, Erley & Co. Inc. and Southwest Securities Inc. (co-managers); proceeds to refund district's series 2005 unlimited tax refunding bonds.
• $65,215,000 current interest bonds due 2014 to 2023
• $1.19 million capital appreciation bonds due 2017
LA JOYA INDEPENDENT SCHOOL DISTRICT (TEXAS): $88.27 million series 2013 unlimited tax refunding bonds; negotiated; FTN Financial Capital Markets (lead); bonds due 2028 to 2038; proceeds to refund the district's series 2006 and 2008 bonds.
MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY/EASTERN MAINE MEDICAL CENTER OBLIGATED GROUP: $149.71 million series 2013 revenue bonds (Baa1/BBB/); negotiated; Raymond James/Morgan Keegan and Morgan Stanley & Co. LLC (lead); Bank of America Merrill Lynch and Wells Fargo Securities LLC (co-managers); bonds due 2014 to 2028 with term bonds due in 2033 and 2043; proceeds to construct, equip and renovate Eastern Maine Medical Center properties in Bangor.
METOPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE): $325 million series 2013 general obligation refunding bonds (Aa1); negotiated; Raymond James/Morgan Keegan (lead); Piper Jaffray & Co., Jefferies & Co., Fifth Third Securities Inc., Rice Financial Products Co. and Wiley Bros.-Aintree Capital LLC (co-managers); bonds due 2014 to 2027; proceeds to refund the government's series 2005C, 2006B, 2007A, 2008 and 2010A general obligation bonds.
ST. JOHNS COUNTY (FLORIDA): $57,745,000 series 2013 water and sewer revenue and refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets LLC (lead); proceeds to construct, equip and acquire a regional wastewater treatment facility, as well as to refund the county's series 1998 and 2004 revenue bonds.
• $22,175,000 series 2013A revenue and refunding bonds
• $35.57 million series 2013B revenue refunding bonds
TRUST FOR CULTURAL RESOURCES OF THE CITY OF NEW YORK/WILDLIFE CONSERVATION SOCIETY: $112,515,000 series 2012 revenue bonds (Aa3/AA-/); negotiated; Goldman, Sachs & Co. (lead); bonds due 2022 to 2033; proceeds to construct, equip, furnish and acquire Wildlife Conservation Society facilities at the Bronx Zoo and at the New York Aquarium.
UNIVERSITY OF OKLAHOMA: $59.47 million series 2013 general revenue bonds (/AA/AA-); negotiated; BOSC Inc. (lead for 2013A, co-manager for 2013B) ; Barclays (lead for 2013B); Citigroup Global Markets Inc. (co-manager for 2013B) ; Wells Nelson & Associates LLC (co-manager for 2013A); proceeds to construct, equip, furnish, design and expand student housing and research facilities at the university's Norman campus.
• $10.48 million series 2013A tax-exempt bonds due 2015 to 2034 with term bonds due in 2038 and 2042
• $48.99 million series 2013B taxable bonds due 2015 to 2028 with term bonds due in 2033 and 2042
WACO (TEXAS): $55,955,000 series 2013 bond and certificates of obligation (Aa2/AA/); negotiated; RBC Capital Markets LLC (lead); Raymond James/Morgan Keegan and Samco Capital Markets (co-managers); proceeds to refund the city's series 2004 combination tax and revenue certificates of obligation and repay its series 2002 Texas Water Development Board state participation loan.
• $44.09 million series 2013 general obligation refunding bonds due 2014 to 2036
• $11,865,000 series 2013 combination tax and revenue certificates of obligation due 2014 to 2033
YALE-NEW HAVEN HOSPITAL INC. (CONNECTICUT): $132 million series 2013 taxable bonds (Aa3/A+/); negotiated; Barclays (lead); J.P. Morgan Securities LLC (co-manager); proceeds to finance or refinance the hospital's capital projects.

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