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Published on 5/7/2014 in the Prospect News Municipals Daily.

Municipal Calendar: Harris County Flood Control preps $195 million bond sale

Week of May 5

CARNEGIE INSTITUTION OF WASHINGTON: $50 million series 2014 taxable bonds (Aa1/AA+/); negotiated; Barclays (lead); bonds due July 1, 2054; proceeds for general capital needs and corporate purposes; pricing week of May 5.

POLLUTION CONTROL FINANCING AUTHORITY OF GLOUCESTER COUNTY (NEW JERSEY): $66,795,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund authority's series 1992 revenue bonds; pricing week of May 5.

• $63.81 million series 2014A AMT revenue refunding bonds

• $2,985,000 series 2014B taxable pollution revenue bonds due Dec. 1, 2019

May 8

CONNECTICUT HOUSING FINANCE AUTHORITY: $85.33 million series 2014B-1 housing mortgage program financing bonds (Aaa/AAA/); negotiated; Citigroup Global Markets Inc., BofA Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC (lead); Barclays, Janney Montgomery Scott LLC, Jefferies & Co., Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2016 to 2025 with term bonds due in 2029, 2034, 2039 and 2044; proceeds to finance multifamily mortgage loans; pricing May 8.

HARRIS COUNTY FLOOD CONTROL DISTRICT (TEXAS): $195 million series 2014 refunding bonds (Aaa//AAA); negotiated; Jefferies & Co. Inc. and Loop Capital Markets LLC (lead); Baird & Co., BofA Merrill Lynch, Mesirow Financial Inc., Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to refund existing debt; pricing May 8.

• $50 million series 2014 district improvement refunding bonds

• $70 million series 2014A district contract tax refunding bonds

• $75 million series 2014B taxable district contract tax refunding bonds

KANSAS CITY (MISSOURI): $54,365,000 series 2014A water revenue bonds (Aa2/AA+/); competitive; First Southwest Co. Inc. (financial adviser); bonds due 2015 to 2038; proceed to finance additions, extensions and improvements to the city's water system; pricing May 8.

Week of May 12

May 13

OHIO DEPARTMENT OF ADMINISTRATIVE SERVICES: $64.75 million series 2014A refunding certificates of participation (Aa2/AA/); competitive; COPs due 2015 to 2018; proceeds to refund existing COPs; pricing May 13.

May 14

UNIVERSITY OF CINCINNATI (OHIO): $92.15 million series 2014B general receipts bonds (Aa3/AA-/); competitive; Public Financial Management Inc. (financial adviser); proceeds to finance the installation of a new student information system, complete a roof replacement, make improvements to the university's teaching college and refund its series 2004A and 2006A general receipts bonds; pricing May 14.

On the Horizon

CAMINO REAL REGIONAL MOBILITY AUTHORITY (TEXAS): $66.1 million series 2014 senior lien vehicle registration fee revenue bonds (/AA-/); negotiated; BofA Merrill Lynch (lead); Estrada Hinojosa & Co. Inc., Ramirez & Co. Inc. and Raymond James/Morgan Keegan (co-managers); proceeds to finance long-term transportation project.

DALLAS AND FORT WORTH (TEXAS)/DALLAS/FORT WORTH INTERNATIONAL AIRPORT: $192.16 million series 2014B AMT joint revenue improvement bonds (/A+/A); negotiated; Raymond James/Morgan Keegan and Cabrera Capital Markets LLC (lead); Loop Capital Markets LLC and Morgan Stanley & Co. LLC (co-managers); bonds due 2021 to 2034 with term bonds due 2039 and 2045; proceeds to finance improvements and expansions to the airport.

MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY: $184.8 million series 2014 AMT education loan revenue bonds (/AA(sf)/); negotiated; Morgan Stanley & Co. LLC (lead); BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers); proceeds to finance education loans.

MIAMI-DADE COUNTY (FLORIDA): $208.13 million series 2014 seaport variable-rate demand revenue bonds; negotiated; Barclays (lead); Cabrera Capital Markets LLC, Jefferies & Co., RBC Capital Markets LLC, Rice Financial Products Co., Blaylock Robert Van LLC, Drexel Hamilton LLC, Estrada Hinojosa & Co. Inc., Loop Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers); proceeds to finance seaport improvements; passenger terminal improvements; bulkhead, roadway and bridge improvements; among other capital improvements.

MISSOURI HEALTH AND EDUCATIONAL FACILITIES AUTHORITY/SSM HEALTH CARE: $300 million series 2014 health facilities variable-rate revenue bonds (/A+/A-1/AA-/F1+); negotiated; Citigroup Global Markets Inc. (for 2014B-E bonds), Goldman, Sachs & Co. (for 2014B-C bonds), Wells Fargo Securities LLC (for 2014F-G bonds) and Barclays (for 201G bonds); proceeds to finance capital improvements and restructure existing debt for the health care system.

• $50 million series 2014B bonds due June 1, 2041

• $50 million series 2014C bonds due June 1, 2041

• $50 million series 2014D bonds due June 1, 2044

• $50 million series 2014E bonds due June 1, 2044

• $50 million series 2014F bonds due June 1, 2044

• $50 million series 2014G bonds due June 1, 2044

NASSAU COUNTY LOCAL ECONOMIC ASSISTANCE CORP. (NEW YORK)/CATHOLIC HEALTH SERVICES OF LONG ISLAND: $79.23 million series 2014 revenue bonds (//BBB+); negotiated; Morgan Stanley & Co. LLC and Goldman, Sachs & Co. (lead); proceeds to refund the corporation's series 2004 revenue bonds for St. Francis Hospital.

NEW JERSEY TURNPIKE AUTHORITY: $1 billion series 2014A turnpike revenue bonds (A3/A+/A); negotiated; Goldman, Sachs & Co. (lead); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Fidelity Capital Markets LLC, Stifel, Nicolaus & Co. Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC (co-managers); bonds due 2027 to 2035; proceeds to make capital improvements to the turnpike system as part of the authority's 10-year program.

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY: $200 million series 2014D adjustable-rate future tax secured tax-exempt subordinate bonds (Aa1/VMIG 1/AAA/A-1/AAA/F1); negotiated; BMO Capital Markets LLC (lead for 2014D-3) and PNC Capital Markets LLC (lead for 2014D-4); proceeds to finance general city capital expenditures.

• $100 million series 2014D-3 bonds due Feb. 1, 2044

• $100 million series 2014D-4 bonds due Feb. 1, 2044

OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT: $87.83 million series 2014 single-family mortgage program mortgage revenue bonds (Aa2); negotiated; J.P. Morgan Securities LLC and BofA Merrill Lynch (lead); Fidelity Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); proceeds to purchase mortgage loans.

• $57.71 million series 2014A non-AMT bonds due 2019 to 2025 with term bonds due in 2029, 2033 and 2044

• $30.12 million series 2014B AMT bonds due 2015 to 2019 with term bond due in 2044

POLLUTION CONTROL FINANCING AUTHORITY OF SALEM COUNTY (NEW JERSEY): $118,865,000 series 2014 pollution control revenue refunding bonds; negotiated; Morgan Stanley & Co. LLC (lead); proceeds to refund the authority's series 1991 New Jersey Economic Development Authority revenue bonds.

• $113.64 million series 2014A AMT revenue refunding bonds

• $5,225,000 series 2014B taxable pollution control revenue bonds due Dec. 1, 2019

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

UNIVERSITY OF MISSOURI: $289,135,000 series 2014A system facilities revenue bonds (Aa1/AA+/); negotiated; Morgan Stanley & Co. LLC and BofA Merrill Lynch (lead); Backstrom McCarley Berry & Co. LLC, D.A. Davidson & Co. LLC and Wells Fargo Securities LLC (co-managers); bonds due 2037; proceeds to refund the university's series 2007A bonds and repay commercial paper notes.

WHITE SETTLEMENT INDEPENDENT SCHOOL DISTRICT (TEXAS): $50,317,169.65 series 2014 unlimited tax refunding bonds; negotiated; BOSC Inc. (lead); Baird & Co. and Raymond James/Morgan Keegan (co-managers); bonds due 2015 to 2045; proceeds to refund debt.


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