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Published on 2/20/2014 in the Prospect News Municipals Daily.

Municipal Calendar: JEA coordinates $75 million power supply bond offering

Week of February 17

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY/EAST RIDGE RETIREMENT VILLAGE INC. (FLORIDA): $71,515,000 series 2014 health facilities revenue bonds (//BB); negotiated; Ziegler Capital Inc. (lead); proceeds to finance capital improvements at East Ridge Retirement Village's East Ridge at Cutler Bay facility in Cutler Bay, Fla., including 90 new assisted living units, 31 new memory support units and 74 new skilled nursing beds to replace existing facilities; pricing Feb. 20.

JEA (FLORIDA): $75 million series 2014A bulk power supply system revenue bonds (Aa2/AA-/AA); negotiated; Jefferies & Co. (lead); BofA Merrill Lynch; Barclays; BMO Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; RBC Capital Markets LLC; Raymond James/Morgan Keegan; and U.S. Bancorp Investments Inc. (co-managers); proceeds to refund all or a portion of the authority's series 2008A revenue bonds; pricing Feb. 20.

Week of February 24

February 24

MCALLEN (TEXAS): $55,975,000 series 2014 general obligation and combination tax and revenue certificates of obligation; competitive; First Southwest Co. (financial adviser); proceeds to construct sidewalk, street and drainage improvements; construct and equip a performing arts center at the city's convention center; and acquire land for parks and recreation purposes; pricing Feb. 24.

• $43.91 million series 2014 G.O. bonds due 2015 to 2033

• $12,065,000 series 2014 certificates of obligation due 2015 to 2033

February 25

CALIFORNIA DEPARTMENT OF WATER RESOURCES: $165.28 million series AR Central Valley project water system revenue bonds (Aa1/AAA/); competitive; Montague, DeRose and Associates LLC (financial adviser); proceeds to construct certain water system facilities in the Central Valley project, as well as to refund all outstanding commercial paper notes; pricing Feb. 25.

February 26

CACHE COUNTY SCHOOL DISTRICT (UTAH): $90 million series 2014 general obligation school building bonds (Aaa/AAA/); competitive; George K. Baum & Co. (financial adviser); bonds due 2015 to 2034; proceeds to finance the construction, improvement and equipment of school buildings and facilities within the district; pricing Feb. 26.

NEVADA: $89,275,000 series 2014 motor vehicle fuel tax highway revenue bonds (Aa2/AAA/AA+); competitive; Hobbs, Ong & Associates Inc. and Public Financial Management Inc. (financial adviser); bonds due 2015 to 2026; proceeds to finance highway improvements throughout the state; pricing Feb. 26.

February 27

DELAWARE: $225 million series 2014 general obligation bonds; competitive; Public Financial Management Inc. (financial adviser); bonds due 2015 to 2029 and 2031 to 2034; proceeds to finance capital facilities and projects within the state; pricing Feb. 27.

Week of March 10

March 12

DORMITORY AUTHORITY OF THE STATE OF NEW YORK: $850 million series 2014 state personal income tax revenue bonds (/AAA/AA); negotiated; Citigroup Global Markets Inc. (lead); proceeds to refund higher-interest bonds and replace them with lower-cost debt; pricing March 12.

• $800 million series 2014A tax-exempt fixed-rate refunding bonds

• $50 million series 2014B taxable fixed-rate bonds

On the Horizon

ALASKA HOUSING FINANCE CORP.: $96,005,000 series 2014A state capital project bonds II; negotiated; J.P. Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch, KeyBanc Capital Markets Inc. and Raymond James/Morgan Keegan (co-managers); bonds due 2016 to 2033; proceeds to refund existing corporation obligations.

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/FORDHAM UNIVERSITY: $62,445,000 series 2014 revenue bonds (A2/A/); negotiated; BofA Merrill Lynch (lead); bonds due 2014 to 2044; proceeds to acquire a condominium unit on Columbus Avenue in Manhattan for administrative and academic office space and lecture rooms at the Lincoln Center campus.

INLAND VALLEY DEVELOPMENT SUCCESSOR AGENCY (CALIFORNIA): $270 million series 2014 tax allocation refunding bonds (/A-/); negotiated; Barclays (lead); proceeds to repay outstanding loans and refund the agency's series 2011B-C bonds.

• Series 2014A tax-exempt bonds

• Series 2014B taxable bonds

LOUISIANA: $201.68 million series 2014A 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 2015 to 2034; proceeds to finance capital improvements to state highways.

MASSACHUSETTS HOUSING FINANCE AGENCY: $69.02 million single family housing revenue bonds (Aa2); negotiated; Morgan Stanley & Co. LLC, BofA Merrill Lynch and Barclays (lead); Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, CastleOak Securities LP, Eastern Bank Capital Markets LLC, Fidelity Capital Markets LLC, George K. Baum & Co., Janney Montgomery Scott LLC, Piper Jaffray & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC and The Williams Capital Group LP (co-managers); proceeds to finance mortgage loans and refund existing single family housing revenue bonds.

• $27,125,000 series 168 non-AMT bonds due 2014 to 2024 with term bond due 2026

• $22,875,000 series 169 non-AMT bonds due 2029, 2033 and 2044

• $19.02 million series 170 taxable bonds due 2014 to 2023

NEW MEXICO FINANCE AUTHORITY: $70,665,000 series 2014A subordinate state transportation revenue bonds (Aa2/AA/); negotiated; RBC Capital Markets LLC and Wells Fargo Securities LLC (lead); bonds due 2018 to 2032; proceeds to acquire and construct road improvements throughout the state.

PUBLIC FINANCE AUTHORITY/USA PLACE PARKING FACILITIES LLC (ARIZONA): $103.5 million series 2014 taxable parking revenue bonds; negotiated; KeyBanc Capital Markets LLC (lead); bonds due Feb. 1, 2021; proceeds to co

nstruct, equip, acquire and renovate a multilevel parking facility for the USA Place multi-use center anchored by a hotel and conference center in Tempe.

RED RIVER HEALTH FACILITIES DEVELOPMENT CORP./MRC THE CROSSINGS (TEXAS): $74.86 million series 2014 retirement facility revenue bonds; negotiated; Ziegler Capital Inc. (lead); proceeds to acquire property and construct 116 independent living apartments for the MRC The Crossings retirement community in League City, Texas.

• $61.86 million series 2014A fixed-rate bonds

• $7.85 million series 2014B-1 tax-exempt mandatory paydown securities

• $4.5 million series 2014B-2 tax-exempt mandatory paydown securities

• $650,000 series 2014C taxable mandatory paydown securities

REGENTS OF THE STATE OF UTAH: $208.3 million series 2014A taxable senior student loan revenue bonds (/AA-/A-1+/); negotiated; RBC Capital Markets LLC (lead); bonds due Feb. 1, 2049; proceeds to acquire student loans.

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO (CALIFORNIA): $55,425,000 series 2014A tax allocation bonds (/BBB+/); negotiated; De La Rosa & Co. Inc. and Backstrom McCarley Berry & Co. LLC (lead); proceeds to reimburse FOCIL-MB LLC, the primary contractor for the Mission Bay South project, a residential and commercial complex bordered by the San Francisco Bay and Interstate 280 freeway, for construction costs.

SUMTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/CENTRAL FLORIDA HEALTH ALLIANCE: $50 million series 2014A hospital revenue bonds (Baa1/BBB+/); negotiated; PNC Capital Markets LLC (lead); proceeds to reimburse The Villages Regional Hospital of The Villages, Fla., for capital improvements to the hospital's facilities.

UNIVERSITY OF TEXAS SYSTEM: $217,185,000 series 2014B permanent university fund bonds (Aaa/AAA/AAA); negotiated; Goldman, Sachs & Co. and Raymond James/Morgan Keegan (lead); Comerica Securities Inc., George K. Baum & Co., Loop Capital Markets LLC, Mesirow Financial Inc., Morgan Stanley & Co. LLC and Siebert Brandford Shank & Co. LLC (co-managers); bonds due 2015 to 2016, 2024, to 2025, 2027 and 2031 to 2033; proceeds to refund the university system's series 2004A-B permanent university fund bonds.


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