10 (highpark) and the potential future issuance of one or more series of special tax bonds
for the cfd.
Special tax bonds
(including special assessment bonds) are a diverse group of municipal securities that often bear substantial risk for both issuers and investors, especially when they are payable from property taxes (or assessments) levied on undeveloped real estate to pay for infrastructure that is intended to serve the property.
The report, among other things, presented four financing options--GO bonds, special tax bonds
, special assessment bonds, and a community facilities district--that the City may use to meet its unfunded infrastructure and services needs.
5 million in outstanding debt from certificates of participation, special tax bonds
and general obligation bonds.
Through this Request for Qualifications ( RFQ ) process, the City Attorney s Office of the City of San Jose (the City ) is seeking to establish a pool of qualified law firms to provide bond counsel and disclosure counsel services in connection with the issuance of various types of municipal bonds and other indebtedness, including without limitation, general obligation bonds, tax and revenue anticipation notes and/or bonds, lease revenue bonds, certificates of participation, commercial paper notes, special assessment bonds, multi-family housing bonds and community facility district (Mello-Roos) special tax bonds
by or on behalf of the City.
Such loans are used in certain types of land-based financings in some jurisdictions, such as tax assessment bonds or special tax bonds
Legal provisions for the special tax bonds
7 million senior subordinate lien special tax bonds
upgraded to 'A+' from 'A';
NEW YORK -- Fitch Ratings believes a small number of special tax bonds
with slim debt service coverage could see a noticeable narrowing of margins with the potential reduction in the direct subsidy payments that issuers receive from the U.
The Outlook revision to Negative reflects Fitch's rating ceiling for special tax bonds
at the ULTGO rating of the entity.
The county has also covenanted to support debt service on a number of special tax bonds
that are currently self-supporting but volatility in those revenue streams could trigger a general fund contribution.
6 million special tax bonds
upgraded to 'AA-' from 'A+'.