Nov 17, 2016
The college is an independent, coeducational, four-year Christian college offering a rigorous liberal arts curriculum. The College enrolls about 1,200 students on campus each semester with another 100 students participating in programs away from campus. Students come from 24 states, 11 countries, with 33 denominations. The campus is located in a beautiful, wooded section of Montecito on 111 acres with 24 major buildings.
Westmont College has requested that the California Municipal Finance Authority participate in the issuance of one or more series of revenue bonds in an aggregate principal amount not to exceed $80,000,000 pursuant to a plan of financing to: (a) finance and refinance the acquisition, construction, improvement, renovation, upgrading and equipping of certain educational facilities, including related administrative facilities, site improvements, and parking, located at the College’s Montecito Campus facilities at 955 La Paz Road, Santa Barbara, California 93108, including but not limited to, (i) a 45,000 square foot residence hall facility; and (ii) various other qualified educational facilities, buildings, improvements and infrastructure, as determined from time to time by the College, located at or adjacent to the Campus; (b)refinance all or a portion of the College’s outstanding California Municipal Finance Authority Variable Rate Demand Revenue Bonds, issued to, (i) finance or refinance the costs of acquisition, construction, improvement, renovation, upgrading or equipping of educational facilities located at or adjacent to the Campus, including (A) a 28,000 square foot visual arts building; (B) a 42,000 square foot science building; (C) a 1,500 square foot observatory; (D) a central plant building to heat and cool the new buildings being constructed; (E) various infrastructure improvements on the Campus, including, without limitation, construction of a new perimeter road around and throughout the Campus; (F) new baseball and soccer fields, an all-weather track, stadium seating areas, dugouts and storage and restroom facilities; (G) a 44,000 square foot residence hall facility; and (H) various other qualified educational facilities, buildings, improvements and infrastructure, as determined from time to time by the College; (ii) fund a debt service reserve fund with respect to the 2010A Bonds; (iii) pay capitalized interest on the 2010A Bonds; and (iv) pay the costs of issuance of the 2010A Bonds; (c) pay funded interest with respect to the Bonds; and (d) pay costs of issuance and certain interest with respect to the Bonds.
Nov 17, 2016
California Baptist University (“CBU”) is one of the top private Christian colleges and universities in Southern California. CBU offers bachelor’s, master’s and credential programs in Riverside, San Bernardino and online. California Baptist University believes each person has been created for a purpose.
The proceeds of the bonds will be used to (1) finance and refinance all or a portion of the acquisition, construction, improvement and equipping of educational and related facilities, including related administrative facilities, site improvements, parking structures and surface parking, all located at the Borrower’s main campus at 8432 Magnolia Avenue, 3532 and 3626 Monroe Street, 8775 Magnolia Avenue and 8230 Magnolia Avenue, Riverside California.
Nov 17, 2016
The Park Avenue Senior Apartments project is a new construction project of a 100-unit affordable senior housing development. The development is an affordable housing, transit-oriented development to be located in downtown San Jose. The Housing Authority of the County of Santa Clara will be acting as the developer. The project is just over one acre and will consist of a five-story podium style building with garage and fitness room on the first floor and four stories of residential units above. There will be a total of 42 parking spaces and 100 units with 99 being restricted for low-income seniors and one unit set aside as a manager’s unit. This financing will create 99 units of affordable senior housing in the City of San Jose for the next 55 years.
Nov 16, 2016
Since 2005, NOVA Academy Early College High School has provided a rigorous yet nurturing learning environment, giving students the unique opportunity to earn college credits while completing high school. A tuition-free charter school accredited by the Western Association of Schools and Colleges (WASC), NOVA Academy instills a culture of college readiness while sustaining a 98% graduation rate.
The proceeds of the bonds will be used for the purpose of: (i) financing the costs of the acquisition, construction, renovation, improving and equipping of land and education and related facilities to be leased to the Lessee for use as a charter school and located at 500 West Santa Ana Boulevard, Santa Ana; (ii) funding a debt service reserve fund; (iii) paying capitalized interest on the Series 2016 Bonds; and (iv) paying certain issuance expenses.
Nov 14, 2016
The Westminster Court Apartments is an Acquisition/Rehabilitation of an affordable senior housing development located at 6850 Florence Avenue, Bell Gardens, California. The project consists of 75 units in a single building facility. The apartment complex was built in the 1980s and is an existing affordable senior project. The project consists of studio and one bedroom apartments for people who earn at or below 60% of the area median income. This senior community has a beautifully landscaped courtyard, an outdoor recreation area, a community room and the resident services will have an on-site service coordinator. The acquisition/ rehabilitation of this project will continue to provide housing for 74 seniors for another 55 years
Nov 9, 2016
The Liberty at Aliso Apartments is a new construction 200-unit affordable multi-family housing development. The project will consist of a four-story building with an elevator and podium parking. There will be courtyards, green area and a swimming pool for the residents. The main entrance to the building off of Liberty features a 3,450 SF community center with a leasing and management office, activity area, full kitchen, computer lab, laundry facilities, mail room, pet washing, and restroom facilities. The project will accommodate families with unit sizes of one- and two-bedrooms located at 4 Liberty, Aliso Viejo, CA. This financing will create 198 units of affordable housing for the City of Aliso Viejo for 55 years.
Nov 4, 2016
The Mission Village Apartments is an acquisition rehabilitation of an 84-unit, affordable multi-family housing development. Barker Management, Inc., plans to rehabilitate the project consisting of one building of senior-restricted units, five buildings containing family units and 106 surface parking spaces. The 84 units (34 senior-restricted one-bedroom units, 6 two-bedroom family units and 43 three-bedroom family units) will all be restricted to households making no more than 50% and 60% of Area Median Income with the exception of one unit that will be used as the manager’s units. The project is located at 4001 N. Mission Road, Los Angeles, California. This financing will continue to preserve 83 units of affordable housing in the City of Los Angeles for the next 55 years.
Nov 3, 2016
The CMFA issues $4,055,000 in tax-exempt bond proceeds for Hill Country Community Clinic. The proceeds will be used for the purposes of: (i) refinancing 2008 bonds, which bonds financed acquisition, construction and equipping of a training facility for disabled and disadvantaged persons and a retail store owned by the Borrower and located at 1550 41st Avenue, Capitola, California, (ii) financing costs of acquisition, renovation and equipping of an approximately 98,000 square foot building to be owned by the Borrower and located at 1566 Moffett Street in Salinas, California, within Monterey County, California, to house the Borrower’s administrative headquarters as well as serve as its primary hub for material handling, bulk sales, processing and distribution
Nov 2, 2016
The $13,255,000 bond proceeds will be used to finance the Quarry Creek Apartments. Quarry Creek is the new construction of a 64-unit, large family affordable housing development consisting of five 2-story and three 3-story walkup buildings. The development will be made up of one-, two- and three-bedroom units. Units will be restricted to 50% and 60% AMI, with one market rate unit set aside as a manager’s unit. The project is also designed with an indoor community area, with community room, kitchen, computer room, leasing offices and outdoor patio area.
This is an inclusionary affordable housing project in the new Quarry Creek master planned community that is being developed by Cornerstone Communities within the City of Carlsbad, California. This financing will create 63 units of affordable housing for the City of Carlsbad for 55 years.
Oct 27, 2016
The City of Jurupa Valley (the “Local Agency”) is located in the far western portion of the County of Riverside approximately 50 miles southeast of Los Angeles. The Local Agency was incorporated as a general law city on July 1, 2011, joining together the unincorporated areas that were previously known as Mira Loma, Sky Country, Country Village, Glen Avon, Pedley, Indian Hills, Jurupa Hills, Sunnyslope, Crestmore Heights, Rubidoux and Belltown. The Local Agency has an area of approximately 46 square miles, with borders running along the Interstate 15 freeway to the west, the Santa Ana River to the south and east and San Bernardino County to the north.
The Local Agency is undertaking the Projects as part of the its ongoing effort to accelerate street system improvements within its jurisdiction. The Projects are expected to include the construction of improvements to streets and roadways within the corporate limits of the Local Agency, which improvements are eligible costs payable from Measure A Revenues, including engineering, inspection, contract administration and other incidental costs. The designation of the particular streets and roadways to be improved will be made by the City Manager of the Local Agency.
Projects:
Limonite Avenue widening (Etiwanda to Bain)
Miscellaneous Street Pavement Rehabilitation
Annual Pavement Rehabilitation
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