Westchester County, N.Y., prepares $200 million sale of G.O. bonds for Thursday

By Sheri Kasprzak

New York, Nov. 14 - Westchester County, N.Y., is prepared to price $199.995 million of series 2011 general obligation bonds on Thursday, according to a preliminary official statement.

The offering includes $145.84 million of series 2011B tax-exempt G.O. bonds, $29.895 million of series 2011C tax-exempt G.O. bonds and $24.26 million of series 2011D taxable G.O. bonds.

The bonds will be sold competitively with Public Financial Management Inc. as the financial adviser.

The 2011B bonds are due 2012 to 2023, and the 2011C bonds are due 2012 to 2031. The 2011D bonds are due July 1, 2016.

Proceeds will be used to make improvements, upgrades and repairs to infrastructure projects, including roads, the county jail, parks and recreational facilities, community colleges and other county buildings, as well as to redeem outstanding bond anticipation notes.

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