Archive for May, 2015

Northbay Healthcare Secures Tax Exempt Financing Through the CMFA

May 27, 2015

The CMFA recently approved a $31,960,000 transaction for NorthBay Healthcare Group. The Borrower is embarking on a multi-phase construction project to renovate and expand its NorthBay Medical Center facility located at 1200 B. Gale Wilson Boulevard, Fairfield, California. Bond proceeds will be used for the first phase of the Fairfield Campus Expansion Project which includes construction, architectural and design work as well as the purchase of equipment related to the Fairfield Campus Expansion. Phase 2 is expected to begin late 2015 or early 2016 which will include the construction of a new patient wing at the NorthBay Medical Center site.

CMFA Completes Cost Effective Financing for Anaheim Public Utilities Electrical System

May 27, 2015

The CMFA recently issued bonds for the Anaheim Public Utilities Electrical System. The proceeds of the Bonds will be used by the City to finance costs of various components of the City’s Distribution System capital improvement program over the Fiscal Years ending June 30, 2016 and 2017. Planned improvements include, among other things, a variety of substation improvements, including the addition of new transformer capacity at the Canyon Substation, the completion of the new Harbor Substation and a variety of other improvements, equipment replacements and upgrades for existing substations

The CMFA Provides Low-Cost Financing to the Anaheim Public Utilities Water System

May 27, 2015

Proceeds of the Bonds will be used refund a portion of outstanding bonds and to finance or refinance various rehabilitation and replacement projects to improve the Water System’s service reliability, as well as the construction of new facilities and upgrades to improve and augment the water supply and delivery capabilities of the Water System, including construction of water storage improvements, including the replacement and rehabilitation of the infrastructure of the La Palma Reservoir, new or replacement groundwater wells, upgrades of existing pump stations, rehabilitation and expansion of the Lenain Treatment Plant, and various water main relocation and replacement projects. 

Low Cost, Tax-Exempt Financing Provided for 6800 Mission Apartments

May 27, 2015

The CMFA has issued $20,800,000 in Tax-Exempt Financing to MidPen Housing.  Proceeds from the bonds will be used to finance a new multi-family housing facility known as 6800 Mission Apartments located in Daly City, California.  The 4-story housing facility will provide 51 families with quality, affordable housing.