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.
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.
5 million in outstanding debt from certificates of participation,
special tax bonds and general obligation bonds.
The
special tax bonds are secured by a tax levy on all taxable property in Omaha up to a limit of 2.
Such loans are used in certain types of land-based financings in some jurisdictions, such as tax assessment bonds or
special tax bonds (e.
Pledged revenues provide amply for debt service on the
special tax bonds, which have been issued for a well planned and monitored long-term transportation program.
Legal provisions for the
special tax bonds are adequate.
7 million senior subordinate lien
special tax bonds upgraded to 'A+' from 'A';
Pledged revenues provide simply for debt service on the
special tax bonds, which have been issued for a well planned and monitored long-term transportation program.
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.
Morial-New Orleans Exhibition Hall Authority's (LA) $36 million
Special Tax Bonds, Series 1995-A; $13 million Taxable
Special Tax Bonds, Series 1995-B; and $117 million
Special Tax Bonds, Series 1995-C are rated 'A-' by Fitch.
The Outlook revision to Negative reflects Fitch's rating ceiling for
special tax bonds at the ULTGO rating of the entity.
