local governments have financed infrastructure through the use of general obligation bond proceeds, special assessment bond
proceeds, intergovernmental revenues, and current revenues such as property taxes.
Like a special assessment bond
, debt ratios will vary from parcel to parcel and credit quality improves as a district becomes developed.
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.
A lawsuit filed by First Community Bank of Batesville makes no bones about his alleged mischief: "Kevin Lewis fraudulently drafted, sold and pledged the special assessment bonds
Foote joins the Portland team as a specialist in municipal finance where she has worked on general obligation bonds, revenue bonds, special assessment bonds
and certificates of participation for school districts, cities/towns, electrical districts, community facilities districts and fire districts.
615 million LTGO sanitary sewer special assessment bonds
series 2001 at 'AA-';
This project is funded in part by special assessment bonds
and will move forward in the Capital Improvement Program subject to property owner support.
Lewis borrowed $450,200 from First Community Bank in 2007 and as collateral used his interest in the special assessment bonds
of Fieldstone Property Owners Improvement District No.
s building authority bonds (Recreation Facility) series 1998 and special assessment bonds
(limited tax GO) series 1998, both issued for Canton Township.
85 million limited tax general obligation (LTGO) bonds series 2004 to 'B' from 'BB'; --$300,000 special assessment bonds
, series 2007 to 'B' from 'BB'; --Implied unlimited tax general obligation (ULTGO) bonds to 'B+' from 'BB+'.
PASSAGE OF ADDITIONAL MILLAGE CRUCIAL TO OPERATIONS: The downgrades and Rating Watch Negative reflect Fitch's concerns that without the passage of an additional millage, debt service payments for the special assessment bonds
will deplete available reserves and significantly increase the probability of a default.
1 million bonds expected to remain outstanding after the refunding from the original series 1987 special assessment bonds
for the Downtown Improvement District are rated 'A+'.