CDFA California Financing Roundtable Newsletter - May 2016

CDFA California Financing Roundtable Newsletter - May 2016
May 18, 2016



Feature
Castaic Lake Water Agency Completes $56.4M Bond Sale The Castaic Lake Water Agency in Santa Clarita, CA has completed a $56.4 million bond sale. The sale saves the agency $5.9 million in debt service costs, and the new money is earmarked for ongoing Capital Improvement Program projects. Construction to Begin on $29M Sacramento Theatre Complex B Street Theatre will break ground later this month on a $29 million complex. The project is funded through bonds from IBank, Five Star Bank, the City of Sacramento, and a variety of other cash donations and pledges. Imperial Beach, CA Finances Shopping Center Through P3 Sudberry Properties and Imperial Beach will jointly finance the redevelopment of the former Miracle Shopping Center. The new shopping center will be 45,000 square-feet and house grocery stores and chain restaurants. CA DOT Provides Planning Grant for Food Hub The California Department of Transportation has given a grant to The Shasta Regional Transportation Agency to explore the creation of a food hub in far Northern California. Community Revitalization and Investment Authorities: A New Era in TIF This article from KMTG discusses the impact of Assembly Bill 2 and the formation of Community Revitalization and Investment Authorities ("CRIA") in California to use tax increment and issue debt to finance projects. Brownfields Cleanup Costs Worst in San Diego San Diego ranks as the nation's worst when it comes to cleaning up industrial sites for redevelopment purposes, according to The San Diego Union-Tribune. Orange County, CA, CFDs May Issue Dirt Bonds Annually The underwriting team is comprised of Piper Jaffray as bookrunner and Stifel Nicolaus & Co. as co-underwriters. Alamo Securities is the selling group member. Stradling Yocca Carlson & Rauth are disclosure counsel. Fieldman Rolapp & Associates is the financial advisor.
Upcoming Events
CDFA California Conference Tuesday, November 15, 2016 - Los Angeles, CA Join the CDFA California Financing Roundtable for the fourth annual conference on November 15, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the California economy going forward. The conference will take place at Los Angeles City Hall, California and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA California Financing Roundtable Conference.
California News
Analysis of CA $7.5B Water Bond NBC Bay Area \| May. 17 \| Bond Finance \| Infrastructure Finance \| State Finance Program CA GO Bonds Would Improve Transportation Funding Problems Lexology \| May. 17 \| Bond Finance \| Infrastructure Finance \| State Finance Program CA Rail Authority Tentatively Expands $64B Project Los Angeles Times \| May. 17 \| Access to Capital \| Bond Finance \| Infrastructure Finance \| State Finance Program USDA Announces EE/RE Grant for the Pacific Northwest USDA \| May. 17 \| Access to Capital \| Energy Finance \| Green Finance \| Rural Development \| U.S. Dept. of Agriculture (USDA) Norco, CA Approves $424K for Water and Sewer Infrastructure The Press Enterprise \| May. 16 \| Bond Finance \| Infrastructure Finance \| Local Finance Program April 2016 Tax Credits & Incentives Update Horwood Marcus & Berk \| May. 12 \| Incentives \| Legislative \| Tax Credits Boosted by Desalination, San Diego County Water Brings Refunding The Bond Buyer \| May. 12 \| Bond Finance \| Infrastructure Finance Muni Bonds Would Play Major Role in Raiders Stadium Project The Bond Buyer \| May. 5 \| Bond Finance March 2016 Tax Credits & Incentives Update Lexology \| Apr. 21 \| Incentives \| Legislative \| State Finance Program \| Tax Credits Solvang, CA Invests $3.3M in Water Infrastructure Santa Maria Times \| May. 16 \| Infrastructure Finance \| Local Finance Program >>> SEARCH HEADLINES
Sponsors
Roundtable Partner Venue Sponsor Annual Roundtable Sponsor Conference Premium Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA California Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.