Municipals Calendar: Los Angeles to bring $1.2 billion in notes

WEEK OF JUNE 28

JUNE 30

EMPIRE STATE DEVELOPMENT CORP. (NEW YORK): $650 million series 2010 Liberty bonds (/AA/AA); negotiated; Merrill Lynch & Co. Inc. (lead); proceeds to finance construction of One Bryant Park, a certified commercial tower; pricing June 30.

LOS ANGELES: $1.2 billion series 2010 tax and revenue anticipation notes; negotiated; J.P. Morgan Securities Inc. and Bank of America Merrill Lynch (lead); Loop Capital Markets LLC and RBC Capital Markets Corp. (co-managers); notes due March 31, 2011, May 31, 2011 and June 30, 2011; proceeds to fund general operating expenses for the 2010-2011 fiscal year; pricing June 30.

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $125 million election of 2008 series 2010 general obligation bonds; negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems; pricing June 30.

METROPOLITAN TRANSPORTATION AUTHORITY (NEW YORK): $600 million series 2010C transportation revenue bonds (A2/A/A+); negotiated; Barclays Capital Inc. and Loop Capital Markets LLC (lead); Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Jefferies & Co., Morgan Stanley & Co. Inc., M.R. Beal & Co. Inc., Ramirez & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc. (co-managers); proceeds to finance transit and commuter projects; pricing June 30.

• $555 million series 2010C-1 Build America Bonds

• $45 million series 2010C-2 tax-exempt bonds

VERMONT MUNICIPAL BOND BANK: $74.585 million series 2010 bonds; negotiated; Citigroup Global Markets Inc. (lead); proceeds to fund loans to local governments and refinance existing debt; pricing June 30.

• $22.97 million series 2010-1 bonds

• $9.68 million series 2010-2 recovery zone economic development bonds

• $1.365 million series 2010-3 federally taxable qualified school construction bonds

• $40.57 million series 2010-4 refunding bonds

JULY 1

DELAWARE RIVER PORT AUTHORITY (NEW JERSEY): $320 million series 2010 revenue bonds (A3/A-/); negotiated; Citigroup Global Markets Inc. (lead); Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Janney Montgomery Scott LLC and Wells Fargo Securities LLC (co-managers); tax-exempt bonds due 2027 to 2030 with term bond due 2040; BABs due 2040; proceeds to finance authority's capital improvement program; pricing July 1.

WEEK OF JULY 5

JULY 7

MONROE COUNTY (NEW YORK): $84.715 million series 2010 public improvement general obligation bonds (A3/BBB+/A-); competitive; Capital Markets Advisors LLC (financial adviser); bonds due 2011 to 2030; proceeds to replace and upgrade certain bridges and highways; replace and enhance public safety communications equipment; reconstruct the county's civic center; improve parks, recreational facilities and structures; construct, furnish and equip a public safety laboratory; increase and improve water and sewer services; renovate the children's detention center; and improve automation systems at the county's public library system; pricing July 7.

JULY 8

SCHOOL DISTRICT OF MIAMI-DADE COUNTY (FLORIDA): $250 million series 2010 tax anticipation notes; competitive; De Lara Associates and Public Resources Advisory Group Inc. (financial advisers); notes due Jan. 17, 2011; proceeds to fund operating expenses ahead of the collection of ad valorem taxes; pricing July 8.

WEEK OF JULY 12

JULY 13

COLLIER COUNTY (FLORIDA): $62.5 million series 2010 special obligation revenue bonds (Aa2/AA/AA); competitive; Public Financial Management Inc. (financial adviser); bonds due 2011 to 2034; proceeds to refinance existing debt; pricing July 13.

WEEK OF JULY 19

JULY 19

LOS ANGELES COMMUNITY COLLEGE DISTRICT: $875 million election of 2008 series 2010 general obligation bonds (Aa2/AA/); negotiated; Citigroup Global Markets Inc. (lead); De La Rosa & Co.; Morgan Stanley & Co. Inc.; Backstrom McCarley Berry & Co. LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; Ramirez & Co. Inc.; and Siebert Brandford Shank & Co. LLC (co-managers); proceeds to install upgraded emergency lighting and security systems at all community colleges in the city, improve and add walkways, sidewalks and roads at the campuses and construct energy infrastructure systems; pricing July 19.

ON THE HORIZON

ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS (CALIFORNIA): $63.46 million series 2010 insured revenue bonds (/A-/); negotiated; Cain Brothers (lead); proceeds to refund authority's series 1999 certificates of participation and finance or refinance costs associated with constructing Channing House, a health center with 27 assisted living units and 26 skilled nursing beds in Palo Alto, Calif.

BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY: $205 million series 2010B general revenue tax-exempt bonds (Aa2/AA/); negotiated; Bank of America Merrill Lynch and J.P. Morgan Securities Inc. (lead); 2010A bonds are due 2044 to 2050; proceeds to construct, furnish and equip replacement for Morrill Hall; renovate, remodel and equip Brody, Bailey and Emmons halls; and upgrade the university's power plant.

CLEVELAND CITY SCHOOL DISTRICT (OHIO): $113.44 million series 2010 school improvement refunding bonds (Aa2/AA-/); negotiated; RBC Capital Markets Corp. (lead); Blaylock Robert Van LLC (co-managers); bonds due 2013 to 2030; proceeds to refund bond anticipation notes and refund series 2002 bonds.

DEPARTMENT OF BUDGET AND FINANCE OF THE STATE OF HAWAII/HAWAII PACIFIC HEALTH OBLIGATED GROUP: $61.86 million series 2010B special purpose revenue bonds (A3/BBB+/); negotiated; Morgan Stanley & Co. Inc. and J.P. Morgan Securities Inc. (lead); proceeds to finance costs of constructing, improving and equipping Hawaii Pacific facilities.

GEORGE WASHINGTON UNIVERSITY (WASHINGTON, D.C.): $138 million series 2010 taxable bonds (A1/A+/); negotiated; Barclays Capital Inc. (lead); J.P. Morgan Securities Inc. and Loop Capital Markets LLC (co-managers); bonds due 2010 to 2020; proceeds to redeem series 1999A District of Columbia university revenue bonds and fund general expenses.

ILLINOIS FINANCE AUTHORITY/GREENFIELDS OF GENEVA: $117.48 million series 2010 revenue bonds; negotiated; Ziegler Capital Markets (lead); 2010B bonds due Feb. 15, 2017; 2010C-1 bonds due Feb. 15, 2017; 2010C-2 bonds due Feb. 15, 2016; 2010C-3 bonds due Feb. 15, 2016; proceeds to reimburse Greenfields of Geneva for construction of a senior living facility in Geneva, Ill., as well as to provide working capital for facility.

• $88.48 million series 2010A

• $5 million series 2010B accelerated redemption reset option securities

• $4.575 million series 2010C-1 tax-exempt mandatory paydown securities

• $8.35 million series 2010C-2 tax-exempt mandatory paydown securities

• $11.075 million series 2010C-3 tax-exempt mandatory paydown securities

MANSFIELD INDEPENDENT SCHOOL DISTRICT (TEXAS): $99.471 million series 2010 unlimited tax refunding bonds (Aa2/AA/AA+); negotiated; Morgan Keegan & Co. Inc. (lead); RBC Capital Markets Corp. and Southwest Securities Inc. (co-managers); proceeds to refund a portion of district's series 2002, 2003and 2004 bonds.

ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PRESBYTERIAN RETIREMENT COMMUNITIES (FLORIDA): $113 million series 2010A revenue bonds (//A-); negotiated; Raymond James & Associates Inc. and Herbert J. Sims & Co. (lead); bonds due 2017 to 2020 with term bonds due 2030, 2040 and 2045; proceeds to refund existing bonds, which were used to construct retirement communities in St. Petersburg, Jacksonville, Winter Park, Tallahassee, Orlando and Bradenton.

TOHOPEKALIGA WATER AUTHORITY (FLORIDA): $95 million series 2010A utility system revenue refunding bonds (Aa3/AAA/); negotiated; FirstSouthwest Co. (lead): proceeds to refund existing debt issued to improve and expand utility system.

VIRGIN ISLANDS PUBLIC FINANCE AUTHORITY: $396.265 million series 2010 revenue bonds; negotiated; Jefferies & Co. and Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc., Rice Financial Products Co. and Bostonia Global Securities LLC (co-managers); proceeds for working capital, as well as refinance a portion of a working capital credit facility.

• $308 million series 2010A senior lien revenue bonds (Baa2/BBB/BBB+)

• $88.265 million series 2010B subordinate lien revenue bonds (Baa2/BBB-/BBB)

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