The CDFA National Development Finance Summit, Presented by CHFA is happening in Denver, CO on November 2-4. During our bond financing session, experts will discuss how the ongoing pandemic has affected the municipal bond market and analyze the challenges and opportunities facing the industry as we move forward. Together, we will look at the future of bond financing and how investors and communities can make the most of the capital markets.

The Detroit Lakes City Council approved the preliminary budget and a 9.86% tax levy increase for 2023 during their most recent meeting. Council members also approved an $18.3 million bond issuance to finance payments for the city's new public works building, West Lake Drive projects, and other street and utility projects that are currently underway.

Williamsburg City Council voted Thursday to authorize the issuance of general obligation bonds, bank loans or bond anticipation notes for financing specific capital improvement projects. The bulk of the $25,750,000 in funds received from the bonds will go toward the new police station, with additional funds for other projects like school projects and the library design project as well as covering the approved increase to the budget for the new fire station.

The city of Annapolis has finalized a long-awaited financial agreement with developers and a state economic agency to fund the reconstruction of Noah Hillman Garage and the redevelopment of City Dock. City officials announced that they had signed an agreement with the development group Annapolis Mobility and Resilience Partners, with backing from the Maryland Economic Development Corp. to pay for what is expected to be the largest municipal project in city history with an estimated cost of $70 million.

Hamilton County officials are finalizing plans for an overhaul of the county fairgrounds in Noblesville that would cost $63 million over several years but modernize the site to permit improved and increased programming. The revamp would take several years and would be completed in three phases. The county council, which approves financing for projects, has agreed to dedicate $15 million in a bond issue for the first phase, which would be an estimated $26 million in all. The county commission will try to close that gap by seeking private investment or fundraising.

Bon Secours Mercy Health-St.Ritas entered into an annual partnership with the Allen County Commissioners on Thursday Morning. According to the resolution, the goal is to determine the necessity of and authorize the issuance of hospital facilities and revenue bonds. A hospital revenue bond is a type of municipal bond that is issued to raise financing for the construction of a hospital, nursing home or other hospital facilities.

JPMorgan Chase & Co. led US banks in increasing direct loans to states and local governments last quarter as the firms filled a void left by mutual-fund investors who fled the traditional municipal-bond market amid soaring inflation and surging yields.

The Local Government Commission has approved $1 billion in funding requested by the city of Charlotte for infrastructure work related to water and sewer projects. The city hopes to issue $500 million in bond anticipation notes for the city to obtain short-term funding over the next two years. The notes will be paid off later with long-term bonds and the funds would pay for an extension of existing water and sewer lines, rehabilitation of water and wastewater treatment plants, new water and sewer mains, and equipment.

CDFA Infrastructure Finance Learning Series: Reviewing the Guidance
Tuesday, October 4, 2022 - 1:00 PM - 4:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Financing Tools to Invest in Clean Energy
Tuesday, October 18, 2022 - 2:00 PM - 3:00 PM Eastern

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