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Published on 8/25/2011 in the Prospect News Municipals Daily.

Municipals Calendar: Minnesota Housing to price $60 million

WEEK OF AUGUST 22

MINNESOTA HOUSING FINANCE AGENCY: $60 million series 2011E homeownership finance bonds; negotiated; RBC Capital Markets LLC (lead); Morgan Stanley & Co. Inc., Piper Jaffray & Co. and Wells Fargo Securities LLC (co-managers); bonds due 2012 to 2022 with term bonds due 2026, 2030 and 2034; proceeds to make homeownership loans to qualified low- to moderate-income Minnesotans; pricing week of Aug. 22.

UPPER SANTA CLARA VALLEY JOINT POWERS AUTHORITY (CALIFORNIA): $54 million series 2011A refunding revenue bonds (Aa3/AA/); negotiated; Citigroup Global Markets Inc. (lead); proceeds to prepay all outstanding amounts on an interfund loan; pricing week of Aug. 22.

DAY-TO-DAY

FLORIDA BOARD OF EDUCATION: $225.51 million series 2011A lottery revenue refunding bonds; competitive; bonds due 2014 to 2022; proceeds to refund board's series 2002C and 2003A lottery revenue bonds; pricing day-to-day.

ON THE HORIZON

ALACHUA COUNTY HEALTH FACILITIES AUTHORITY (FLORIDA): $145.27 million of health facilities revenue bonds; negotiated; Ziegler Capital Markets (lead); proceeds for the construction, development, acquisition of land and equipping of a continuing care retirement community in Bonita Springs, Fla.

• $81.27 million series 2011A fixed-rate bonds

• $3 million series 2011B accelerated redemption reset option securities

• $15 million of series 2011C1 mandatory paydown securities

• $46 million of series 2011C2 mandatory paydown securities

DORMITORY AUTHORITY OF THE STATE OF NEW YORK/NORTH SHORE-LONG ISLAND JEWISH OBLIGATED GROUP: $426.075 million series 2011 tax-exempt and/or taxable, fixed and/or variable-rate bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to construct addition at Zucker Hillside Hospital to replace 115 beds; construct a parking facility at Huntington Hospital; refund the obligated group's series 2001A, 2001B and 2001D debt issued through the Nassau County Industrial Development Authority; and refund bonds issued on behalf of Franklin Hospital, Southside Hospital, Staten Island University Hospital, Huntington Hospital and Lenox Hospital.

MASSACHUSETTS DEVELOPMENT FINANCE AGENCY/BERKLEE COLLEGE OF MUSIC: $90 million series 2011 revenue bonds (A2/A/); negotiated; Citigroup Global Markets Inc. (lead), Bank of America Merrill Lynch and J.P. Morgan Securities LLC (co-managers); bonds due 2012 to 2031 with term bond due in 2041; proceeds to acquire a parcel of land on Massachusetts Avenue in Boston, as well as to construct, design, equip and furnish a 16-story building to house student dormitories, a performance hall, a dining hall, a recording studio and other music technology space. The proceeds will also be used to demolish two existing buildings to make space for the student dormitory.

METROPOLITAN TRANSIT AUTHORITY OF HARRIS COUNTY (TEXAS): $510.56 million series 2011 sales and use tax bonds (Aa2/AA/); negotiated; Goldman, Sachs & Co. (lead); Cabrera Capital Markets LLC, Jefferies & Co., Loop Capital Markets LLC, Fidelity Capital Markets LLC, Raymond James & Associates Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC (co-managers); proceeds to fund costs of two light rail lines as part of the authority's MetroRail light rail system, to purchase 100 hybrid electric transit buses and to refund existing commercial paper notes.

• $462.98 million series 2011A sales and use tax bonds

• $47.58 million series 2011B sales and use tax contractual obligations

NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY: $135.4 million series 2011 adjustable-rate education loan revenue bonds (/AA-/A-1+/AA/F1+); negotiated; RBC Capital Markets LLC (sole); bonds due Dec. 1, 2032; proceeds to make loans to qualified educational entities within the state.

• $125.4 million series 2011A taxable bonds

• $10 million series 2011B tax-exempt bonds

NEW HANOVER COUNTY/NEW HANOVER REGIONAL MEDICAL CENTER (NORTH CAROLINA): $93.71 million series 2011 hospital revenue refunding bonds (A1/A+/); negotiated; RBC Capital Markets LLC and Bank of America Merrill Lynch (lead); bonds due 2012 to 2025 with term bond due 2028; proceeds to refund medical center's series 1999 revenue bonds.

NORTHWEST INDEPENDENT SCHOOL DISTRICT (TEXAS): $50 million series 2011 unlimited tax school building bonds; negotiated; RBC Capital Markets LLC (lead); Morgan Keegan & Co. Inc. and Southwest Securities LLC (co-managers); bonds due 2020 to 2036; proceeds to construct, equip and acquire new school buildings within the district.

ORLANDO-ORANGE COUNTY EXPRESSWAY AUTHORITY (FLORIDA): $290 million series 2011A refunding revenue bonds (//A); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Raymond James & Associates Inc., Barclays Capital Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and RBC Capital Markets LLC (co-managers); proceeds to refund authority's series 2008B-1 and 2008B-2 bonds.

TAMPA (FLORIDA): $128.855 million series 2011 water and sewer systems improvement and refunding revenue bonds (Aa1/AA+/AA+); negotiated; Wells Fargo Securities LLC (lead); Bank of America Merrill Lynch, Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Raymond James & Associates Inc. (co-managers); proceeds to prepay outstanding notes, refund city's series 2001A water and sewer revenue bonds and fund various sewer capital improvements included in the city's five-year capital improvement program.


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