Polk County, Fla., intends to price $81.06 million bonds in two parts

By Sheri Kasprzak

New York, Oct. 7 - Polk County in Florida plans to bring to market $81.055 million in bonds in two issues, according to preliminary official statements.

The offerings include $50.695 million in series 2010 transportation improvement refunding revenue bonds and $30.36 million in series 2010 capital improvement refunding revenue bonds.

The transportation revenue bonds (Aa3/AAA/) will be sold through senior manager Bank of America Merrill Lynch. The co-managers are Citigroup Global Markets Inc., Fifth Third Securities Inc. and Raymond James & Associates Inc.

The transportation bonds are due 2011 to 2029.

Citi is the senior manager for the capital improvement bonds. The co-managers are Bank of America, Edward D. Jones & Co. LP and Raymond James.

Proceeds will be used to refund existing debt used for transportation and capital improvement projects.

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