Alexandria, Va., plans $94.07 million sale of G.O. bonds for July 11

By Sheri Kasprzak

New York, July 5 - The City of Alexandria, Va., is set to price $94.07 million of series 2012 general obligation bonds on July 11, according to a preliminary official statement.

The offering includes $76.82 million of series 2012B G.O. capital improvement bonds and $17.25 million of series 2012C G.O. refunding bonds.

The bonds (Aaa/AAA/) will be sold on a competitive basis with Davenport & Co. LLC as the financial adviser.

The 2012B bonds are due 2013 to 2033, and the 2012C bonds are due 2013 to 2025.

Proceeds will be used to finance capital improvement projects for the city, including public schools, parks and buildings, capital contributions to the Washington Metropolitan Area Transit Authority, infrastructure improvements and maintenance, affordable housing, sanitary sewers, storm water management, traffic control and improvement technology, as well as to refund the city's series 2004C and 2006A G.O. bonds.

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