Jul 30, 2013
As part of the school’s 10 year Master Plan, the University of La Verne recently secured tax-exempt financing the CMFA for the second phase of the university’s expansion. Proceeds from the bonds will be used to create a new athletic complex which will be the new home of a baseball field, a softball field and a multipurpose field for athletics. There are also plans to add a press box, stadium seating, parking lots, batting cages and lighting located on Campus West. On the main campus, the plan calls for improvements to the classrooms, library and administrative offices. In addition, improvements will be completed on the main parking lot and other campus infrastructure.
Jul 22, 2013
Jesuit High School is a fully-accredited, independent, college preparatory, boys private high school. For nearly 50 years, Jesuit High School has challenged students with a rigorous academic program. Recently, Jesuit High School selected the CMFA as Issuer for their tax-exempt debt. Proceeds from the debt were used to provide low-cost financing of improvements made to their 46 acre campus in Carmichael, CA.
Jul 22, 2013
Jun 25, 2013
The CMFA recently closed a $3,000,000 financing for the Carey School. The school serves pre-school and school-age students in the greater Bay Area. Proceeds from the tax-exempt financing will be used to complete campus improvements including the addition of a dedicated early child development center, a flexible multipurpose room, addition of administrative offices and enhance security for the entire campus.
Jun 25, 2013
The CMFA recently completed a $2,260,000 financing for the St. Albans Country Day School. Based in Roseville, CA, St. Albans is an independent private day school which emphasizes high academic standards, strong character and integrity which continues to serve their students for a lifetime.
Jun 25, 2013
The CMFA recently closed a tax-exempt financing for Scripps College. As a member of the Claremont College Consortium Scripps College students benefit from joint academic programs and shared resources among the member colleges. Proceeds from the low cost financing were used to finance the school’s educational facilities, student housing, science center and other campus improvements located in Claremont, California.
Jun 17, 2013
Town and Country Manor provides a caring environment that is designed to meet the physical, social and spiritual needs of seniors. Founded in 1948, Town and Country Manor‘s wide range of services provides its 280 residents with superb care which ensures its residents with continued health and well-being. Recently, the Santa Ana, CA-based organization turned to the CMFA when it came time to refinance its existing debt. Better loan terms and lower interest costs will allow the organization to continue its superior, compassionate care for years to come.
Jun 17, 2013
San Diego Interfaith Housing Foundation recently completed an $8.2 million financing through the CMFA. Proceeds from the bonds were used to acquire the two sites located in the South Bay area of San Diego. Although well maintained, interior renovations and updates at both sites will soon begin. Residents will enjoy remodeled kitchens and bathrooms including cabinets, countertops, ranges, flooring and bath tubs, sinks, faucets and toilets. In addition energy efficient windows and patio doors and improved HVAC systems will be installed. The financing will ensure that low income residents of San Diego will have access to affordable housing for the next 55 years.
Jun 17, 2013
Rhoda Goldman Plaza is an assisted living facility that provides housing with supportive services for the elderly. Located in San Francisco, the staff at Rhoda Goldman Plaza provides a unique environment that promotes independence at an affordable cost. The Plaza houses 155 units, including 37 units for residents with dementia or Alzheimer’s disease. Residents receive quality care tailored to their individual needs enriched by culture and tradition in an atmosphere dedicated to promoting health and well-being in mind, body, and spirit. Recently, the CMFA was selected as Issuer for their tax-exempt financing. Proceeds were used to refinance existing debt. The organization will enjoy improved both lower interest costs and improved cash flow from this financing.
May 16, 2013
Job Title:
Executive Director
Position Type:
Part-Time
Compensation/Salary:
$40,000 – $75,000/Ann. DOQ
Job Code:
JVM3930
Posted On:
11 May 2013
Deadline:
Open until position filled
Company/Agency:
California Municipal Finance Authority
Job Category:
Some Other Job Category
Location:
Anaheim, CA
Job Web Site:
www.cmfa-ca.com
Job Description
The California Municipal Finance Authority (“CMFA”) assists local governments, non-profit organizations and private enterprises with the issuance of taxable and tax-exempt financing aimed at improving the communities within the State of California.
The CMFA was created on January 1, 2004 pursuant to a joint exercise of powers agreement to promote economic, cultural and community development, through the financing of economic development and charitable activities throughout California. To date, over 175 municipalities have become members of CMFA.
The CMFA’s approach of donating its revenues from operations to municipalities and 501(c)(3) non-profit organizations is unlike any other issuing authority in the state. Since 2004, the CMFA has donated over $4.5 million to more than 330 locally based non-profit organizations.
The Executive Director is appointed by and directly accountable to the CMFA Board of Directors. This is a part-time position. The Executive Director’s duties will include (among other responsibilities) reviewing and approving meeting agendas before posting; reviewing and approving all proposed financings for compliance with the CMFA joint exercise of powers agreement, guidelines and policies; reviewing and determining that all required local and state approvals have been secured; reviewing and recommending modifications as necessary to CMFA guidelines, policies and fee schedules; conferring with CMFA Counsel on any issues before the CMFA Board that require legal review; providing recommendations to the Board on every agenda item; reviewing the Financial Advisory Services contract annually; and carrying out such other duties as requested by the Board.
Candidates for this position should be able to skillfully carry out the duties listed above. The selected candidate should have considerable finance, leadership and taxable and tax-exempt financing experience. The ideal candidate should have a Bachelor’s Degree in finance or accounting, public or business administration, or closely related field. A Master’s Degree and/or CPA are preferred. Salary range for this part-time position is $40k-$75k annually commensurate with qualifications. Interested individuals should submit a letter of interest and resume (electronically preferred) to the Job Contact listed below.
The position will remain open until filled. Materials received by May 24, 2013 will have first consideration.
The California Municipal Finance Authority is an Equal Opportunity Employer.
Job Contact
Contact Name:
Ron Lee
Primary Phone:
415-391-5780 x240
Title:
Partner
Fax:
Company/Agency:
California Municipal Finance Authority
Email:
rlee@joneshall.com
Location:
Anaheim, CA
Contact Web Site:
www.cmfa-ca.com
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