Dallas County, Texas, to price $76.61 million of bonds and notes

By Sheri Kasprzak

New York, April 4 - Dallas County in Texas is set to sell $76.605 million of series 2011 limited tax bonds and notes, said a preliminary official statement.

The sale includes $31.31 million of series 2011A unlimited tax refunding bonds, $1.94 million of series 2011B limited tax refunding bonds and $43.355 million of series 2011 limited tax notes.

The 2011A unlimited tax refunding bonds are due 2011 to 2021, and the 2011B bonds are due 2011 to 2012. The 2011 notes are due 2012 to 2018.

The bonds and notes (Aaa/AAA) will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC as the lead manager. The co-managers are FirstSouthwest Co. and Estrada Hinojosa & Co. Inc.

Proceeds will be used to improve, remodel and equip medical facilities, holding cell smoke devices, a control center, stainless steel showers and an intercom system at the Lew Sterrett Justice Center; to improve, remodel and equip the George L. Allen Sr. Courts Building; to improve, remodel and equip the Frank Crowley Courts Building; and to improve, remodel and equip the county's records building, as well as to update elevators and purchase an enhanced and expanded video conference system for county offices.

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