DOCSLIB.ORG

Citigroup BANC of AMERICA SECURITIES LLC STONE & YOUNGBERG LLC E

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Citigroup BANC of AMERICA SECURITIES LLC STONE & YOUNGBERG LLC E NEW ISSUE - FULL BOOK-ENTRY RATINGS: Moody's: Aaa (A2 underlying) Standard & Poor's: AAA (A underlying) Fitch: AAA (A underlying) (See "BOND INSURANCE" and "RATINGS") In the opinion of Nixon Peabody LLP, Bond Counsel, under existing law and assuming compliance with the tax covenants described herein and the accuracy of certain representations and certifications made by the Agency and described herein, interest on the Series 2005A Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986, as amended (the "Code"). Bond Counsel is.further of the opinion that interest on the Series 2005A Bonds is not treated as a preference item in calculating the alternative minimum tax imposed under the Code with respect to individuals and corporations, but such interest is included in the adjusted current earnings of certain corporations for purposes of computing the alternative minimum tax imposed on such corporations. NO ATTEMPT HAS BEEN MADE OR WILL BE MADE TO COMPIX WITH CERTAIN REQUIREMENTS RELATING TO THE EXCLUSION FROM GROSS INCOME FOR FEDERAL INCOME TAX PURPOSES OF INTEREST ON THE SERIES 2005B TAXABLE REFUNDING BONDS, AND INTEREST ON SAID BONDS WILL BE SUBJECT TO ALL APPLICABLE FEDERAL TAXATION. Bond Counsel is further of the opinion that under existing law interest on the Series 2005A Bonds and on the Series 2005B Bonds is exempt from California personal income taxes. See "TAX MATTERS" regarding certain other tax considerations. Redevelopment Agency of the City of San Jose Merged Area Redevelopment Project Housing Set-Aside Tax Allocation Bonds $10,445,000 $119,275,000 Tax-Exempt Refunding Tax Allocation Bonds Taxable Refunding Tax Allocation Bonds Series 2005A Series 2005B Dated: Date of Delivery Due: August 1, as shown on inside cover This cover page contains certain information for general reference only. It is not intended to be a summary of the security or terms of this issue. Potential investors are advised to read the entire Official Statement to obtain information essential to the making of an informed investment decision. Capitalized terms used on this cover page not otherwise defined shall have the meanings set forth herein. The Redevelopment Agency of the City of San Jose (the "Agency") is issuing its Merged Area Redevelopment Project Housing Set-Aside Tax-Exempt Refunding Tax Allocation Bonds, Series 2005A (the "Series 2005A Bonds") and its Merged Area Redevelopment Project Housing Set-Aside Taxable Refunding Tax Allocation Bonds, Series 2005B (the "Series 2005B Bonds", and together with the Series 2005A Bonds, the "Bonds"), for the purpose of refinancing certain outstanding obligations of the Agency (the "Refunded Bonds") and repaying certain amounts outstanding under a line of credit (the "Line of Credit") maintained by the Agency with The Bank of New York. See "PLAN OF FINANCING". Interest on the Bonds is payable on February 1, 2006, and semi-annually thereafter on each February 1 and August 1. The Bonds will be issued in denominations of $5,000 or integral multiples thereof. The Bonds, when delivered, will be issued in fully registered form without coupons in the name of Cede & Co., as nominee of The Depository Trust Company ("DTC"), New York, New York. DTC will act as securities depository for the Bonds as described in APPENDIX G - "DTC AND BooK-ENTRY ONLY SYSTEM"; no physical distribution of the Bonds will be made to the public under this arrangement. The Bonds are special obligations of the Agency and are payable solely from and secured by a pledge of Housing Set-Aside Amounts, which consist of Tax Increment Revenues required to be deposited into the Low and Moderate Income Housing Fund pursuant to the Redevelopment Law, as further discussed herein. The Agency has previously issued seven series of Merged Area Redevelopment Project Housing Set-Aside Tax Allocation Bonds. Upon the issuance of the Bonds and the refunding of the Refunded Bonds, five series of Senior Bonds (as defined herein and which include the Bonds) in the aggregate principal amount of $212,525,000 will be outstanding. The outstanding Senior Bonds are equally and ratably secured by the pledge and lien of Housing Set-Aside Amounts under the Fiscal Agent Agreement, dated as of February 1, 1993, between the Agency and Wells Fargo Bank, National Association, as successor fiscal agent, as supplemented and amended ( as further described herein, the "Agreement"). Simultaneously with the issuance of the Bonds, the Agency intends to issue two series of Merged Area Redevelopment Project Subordinate Housing Set-Aside Tax Allocation Variable Rate Demand Bonds in the combined approximate aggregate principal amount of $66,150,000, which will be secured by the Housing Set-Aside Amounts on a basis subordinate to the payment of debt service on the Senior Bonds. The Bonds are subject to optional and mandatory sinking fund redemption prior to maturity, in whole or in part, as described herein. See "THE BONDS - Redemption Provisions". The scheduled payment of principal of and interest on the Series 2005A Bonds and the Series 2005B Bonds, respectively, when due will be guaranteed by two separate municipal bond insurance policies to be issued concurrently with the delivery of the Bonds by Financial Guaranty Insurance Company. Financial Guaranty F6Ic Insurance Company THE BONDS ARE SPECIAL OBLIGATIONS OF THE AGENCY SECURED BY AN IRREVOCABLE PLEDGE OF, AND PAYABLE AS TO PRINCIPAL, PREMIUM, IF ANY, AND INTEREST SOLELY FROM HOUSING SET-ASIDE AMOUNTS DESCRIBED HEREIN AND OTHER FUNDS HELD UNDER THE AGREEMENT. ALL OF THE BONDS ARE EQUALLY SECURED BY A PLEDGE OF AND CHARGE AND LIEN UPON, ALL OF THE HOUSING SET-ASIDE AMOUNTS, AND THE HOUSING SET-ASIDE AMOUNTS CONSTITUTE A TRUST FUND FOR THE SECURITY AND PAYMENT OF THE INTEREST ON, THE PRINCIPAL OF AND PREMIUM, IF ANY, OF THE BONDS AND ANY OTHER PARITY OBLIGATIONS (AS DEFINED HEREIN) ISSUED BY THE AGENCY IN ACCORDANCE WITH THE AGREEMENT. THE PRINCIPAL AMOUNT OF THE BONDS, THE INTEREST THEREON AND ANY PREMIUMS PAYABLE UPON THE REDEMPTION OR PURCHASE THEREOF, IS NOT A DEBT OF THE CITY OF SAN JOSE (THE "CITY"), THE STATE OF CALIFORNIA (THE "STATE") OR ANY OF ITS POLITICAL SUBDIVISIONS OTHER THAN THE AGENCY, AND NEITHER THE CITY, THE STATE NOR ANY OF ITS POLITICAL SUBDIVISIONS OTHER THAN THE AGENCY IS LIABLE THEREON, NOR IN ANY EVENT SHALL THE PRINCIPAL OF, PREMIUM, IF ANY, OR INTEREST ON THE BONDS BE PAYABLE OUT OF ANY FUNDS OR PROPERTIES OTHER THAN THE HOUSING SET-ASIDE AMOUNTS OF THE AGENCY AS SET FORTH IN THE AGREEMENT. THE BONDS DO NOT CONSTITUTE AN INDEBTEDNESS WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY DEBT LIMITATION OR RESTRICTION. NEITHER THE MEMBERS OF THE AGENCY NOR ANY PERSONS EXECUTING THE BONDS ARE LIABLE PERSONALLY ON THE BONDS BY REASON OF THEIR ISSUANCE. MATURITY SCHEDULE ON INSIDE FRONT COVER The Bonds are delivered when, as and if issued, subject to the approval ofvalidity by Nixon Peabody LLP, Bond Counsel, and certain other conditions. Certain legal matters will be passed upon for the Agency by its General Counsel and by Nixon Peabody LLP, as Disclosure Counsel, for the City by the City Attorney, and for the Underwriters by their counsel, Hawkins Delafield & Wood LLP It is anticipated that the Bonds will be available for delivery through DTC on or about June 30, 2005. Citigroup BANC OF AMERICA SECURITIES LLC STONE & YOUNGBERG LLC E. J. DE LA ROSA & CO., INC. UBS FINANCIAL SERVICES INC. Dated: June 14, 2005 Redevelopment Agency of the City of San Jose Merged Area Redevelopment Project Housing Set-Aside Tax Allocation Bonds Maturity Schedule $10,445,000 Tax-Exempt Refunding Tax Allocation Bonds Series 2005A $10,445,000 Series 2005A Serial Bonds Maturity Principal Interest (August 1) Amount Rate Yield CU SIP 2018 $ 970,000 3.750% 3.990% 798147YZ1 2019 980,000 4.000 4.060 798147ZA5 2020 990,000 4.000 4.120 798147ZB3 2021 1,010,000 4.125 4.180 798147ZC1 2022* 2,060,000 5.000 4.120 798147ZD9 2023* 2,165,000 5.000 4.160 798147ZE7 2024* 2,270,000 5.000 4.200 798147ZF4 Priced to call on August 1, 2015. $119,275,000 Taxable Refunding Tax Allocation Bonds Series 2005B $22,680,000 Series 2005B Serial Bonds Maturity Principal Interest (August 1) Amount Rate Yield CU SIP 2006 $ 950,000 3.890% 3.890% 798147ZG2 2007 1,560,000 4.070 4.070 798147ZHO 2008 1,620,000 4.230 4.230 798147ZJ6 2009 1,685,000 4.370 4.370 798147ZK3 2010 1,765,000 4.410 4.410 798147ZL1 2011 1,840,000 4.490 4.490 798147ZM9 2012 3,105,000 4.540 4.540 798147ZN7 2013 3,235,000 4.630 4.630 798147ZP2 2014 3,385,000 4.720 4.720 798147ZQO 2015 3,535,000 4.770 4.770 798147ZR8 $17,505,000 5.100% Term Bond due August 1, 2020 Priced@ 100% CUSIP 798147ZS6 $21,335,000 5.270% Term Bond due August 1, 2025 Priced@ 100% CUSIP 798147ZT4 $57,755,000 5.460% Term Bond due August 1, 2035 Priced@ 100% CUSIP 798147ZU1 REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE REDEVELOPMENT AGENCY BOARD AND CITY COUNCIL Ron Gonzales, Chair and Mayor Linda J. LeZotte, Member, District 1 Forrest Williams, Member, District 2 Cindy Chavez, Member, District 3, and Vice Mayor Chuck Reed, Member, District 4 Nora Campos, Member, District 5 Ken Yeager, Member, District 6 (District 7 position currently vacant) David D. Cortese, Member, District 8 Judy Chirco, Member, District 9 Nancy Py le, Member, District 10 AGENCY STAFF Harry S. Mavrogenes, Executive Director Richard Doyle, General Counsel Sharon L. Landers, Assistant Executive Director David C.
Load more

Recommended publications
  • VTA Daily News Coverage for Monday, April 29, 2019 1
    From: VTA Board Secretary <[email protected]> Sent: Monday, April 29, 2019 3:56 PM To: VTA Board of Directors <[email protected]> Subject: From VTA: April 29, 2019 Media Clips VTA Daily News Coverage for Monday, April 29, 2019 1. Milpitas Police Department Eyeing BART Contract (Milpitas Beat) 2. Chief of troubled Muni system to step down in August, under pressure from mayor (San Francisco Chronicle) 3. Presidential hopeful Kamala Harris gets ‘more specific,’ calls for ban of ‘right to work’ laws (Bizpacreview.com) 4. SEPTA, VTA seek public input on proposed budgets (Progressive Railroading) 5. 2019 Bike Commuter of the Year Winners Announced (Chestnut Post) Milpitas Police Department Eyeing BART Contract (Milpitas Beat) At April 2, 2019’s City Council meeting, Milpitas Police Chief Armando Corpuz addressed the City Council in regard to a request from the Santa Clara Valley Transportation Authority (VTA) for supplemental law enforcement at the upcoming Milpitas and Berryessa BART stations. Milpitas’ new BART station is scheduled to open this coming December. At present, VTA is contracted with the Santa Clara County Sheriff’s Office to provide supplemental law enforcement services for VTA properties, which include the Light Rail and bus stations, as well as the Milpitas and Berryessa BART stations. That contract, however, is set to expire on June 30, 2019. Through its research, the Milpitas Police Department has come to expect that the BART station’s presence will have a public safety impact, as well as an accordant impact on public resources. If the Milpitas PD gets the VTA contract for Milpitas’ station, they’ll get added funding from the VTA for resources including equipment and personnel.
    [Show full text]
  • Route(S) Description 26 the Increased Frequency on the 26 Makes the Entire Southwestern Portion of the Network Vastly More Useful
    Route(s) Description 26 The increased frequency on the 26 makes the entire southwestern portion of the network vastly more useful. Please keep it. The 57, 60, and 61 came south to the area but having frequent service in two directions makes it much better, and riders from these routes can connect to the 26 and have much more areas open to them. Thank you. Green Line The increased weekend service on the Green line to every twenty minutes is a good addition of service for Campbell which is seeing markedly better service under this plan. Please keep the increased service. Multiple Please assuage public concerns about the 65 and 83 by quantifying the impact the removal of these routes would have, and possible cheaper ways to reduce this impact. The fact is that at least for the 65, the vast majority of the route is duplicative, and within walking distances of other routes. Only south of Hillsdale are there more meaningful gaps. Mapping the people who would be left more than a half mile (walkable distance) away from service as a result of the cancellation would help the public see what could be done to address the service gap, and quantifying the amount of people affected may show that service simply cannot be justified. One idea for a route would be service from winchester transit center to Princeton plaza mall along camden and blossom hill. This could be done with a single bus at a cheaper cost than the current 65. And nobody would be cut off. As far as the 83 is concerned, I am surprised the current plan does not route the 64 along Mcabee, where it would be eq..
    [Show full text]
  • Grading California's Rail Transit Sta on Areas Appendix LEGEND
    ! Grading California's Rail Transit Sta3on Areas Appendix LEGEND: CONTENTS: Group 1 - Residen<al • BART Final Scores • LA Metro Final Scores Group 2 - Mixed • Sacramento RT Final Scores • San Diego MTS Final Scores • San Francisco MUNI Final Scores Group 3 - Employment • Santa Clara VTA Final Scores A+ 95% A 80% A- 75% B+ 70% B 55% B- 50% C+ 45% C 30% C- 25% D+ 20% D 5% D- 2% F below 2% Appendix | www.next10.org/transit-scorecard Next 10 ! BART FINAL SCORES AVERAGE: C Final City Line Sta3on Raw Score Grade San SFO-MILLBRAE Civic Center/UN Plaza BART 90.60 A Francisco San SFO-MILLBRAE Montgomery St. BART 88.20 A Francisco San SFO-MILLBRAE 24th St. Mission BART 87.30 A Francisco San SFO-MILLBRAE 16th St. Mission BART 84.30 A Francisco San SFO-MILLBRAE Powell St. BART 84.10 A Francisco San SFO-MILLBRAE Embarcadero BART 83.80 A Francisco Oakland FREMONT Lake Merri] BART 77.60 A DUBLIN/PLEASANTON Berkeley Downtown Berkeley BART 74.50 A TO DALY CITY Berkeley RICHMOND Ashby BART 75.30 A- Berkeley RICHMOND North Berkeley BART 74.30 A- San SFO-MILLBRAE Glen Park BART 74.10 A- Francisco Oakland FREMONT Fruitvale BART 73.50 A- Oakland SFO-MILLBRAE 19th St. Oakland BART 72.90 B+ San SFO-MILLBRAE Balboa Park BART 69.80 B+ Francisco 12th St. Oakland City Center Oakland SFO-MILLBRAE 71.70 B BART Contra Pleasant Hill/Contra Costa Costa SFO-MILLBRAE 66.20 B Centre BART Centre Appendix | www.next10.org/transit-scorecard Next 10 ! Oakland PITTSBURG/BAY POINT MacArthur BART 65.70 B Fremont FREMONT Fremont BART 64.20 B El Cerrito RICHMOND El Cerrito Plaza
    [Show full text]
  • Steps to Supplement Park-And-Ride Public Transit Access with Ride-And-Ride Shuttles
    Project 1950 July 2021 Steps to Supplement Park-and-Ride Public Transit Access with Ride-and-Ride Shuttles John S. Niles, MS J.M. Pogodzinski, PhD Photos courtesy of Via Transportation, Inc. MINETA TRANSPORTATION INSTITUTE transweb.sjsu.edu Mineta Transportation Institute Founded in 1991, the Mineta Transportation Institute (MTI), an organized research and training unit in partnership with the Lucas College and Graduate School of Business at San José State University (SJSU), increases mobility for all by improving the safety, efficiency, accessibility, and convenience of our nation’s transportation system. Through research, education, workforce development, and technology transfer, we help create a connected world. MTI leads the Mineta Consortium for Transportation Mobility (MCTM) funded by the U.S. Department of Transportation and the California State University Transportation Consortium (CSUTC) funded by the State of California through Senate Bill 1. MTI focuses on three primary responsibilities: Research Master of Science in Transportation Management, plus graduate certificates that MTI conducts multi-disciplinary research include High-Speed and Intercity Rail focused on surface transportation that Management and Transportation Security contributes to effective decision making. Management. These flexible programs offer Research areas include: active transportation; live online classes so that working planning and policy; security and transportation professionals can pursue an counterterrorism; sustainable transportation advanced degree regardless of their location. and land use; transit and passenger rail; transportation engineering; transportation Information and Technology Transfer finance; transportation technology; and workforce and labor. MTI research MTI utilizes a diverse array of dissemination publications undergo expert peer review to methods and media to ensure research results ensure the quality of the research.
    [Show full text]
  • VTA Bascom CS Study__Attachc Existing Transit Condition.Pdf
    ATTACHMENT C EXISTING TRANSIT CONDITIONS AND POTENTIAL IMPROVEMENTS EXISTING CONDITIONS AND a partnership of OPPORTUNITIES REPORT Public Review Draft | December 2017 MEMORANDUM Date: November 10, 2017 To: Dan Amsden and Mukul Malhotra, MIG From: Sarah Peters, Andy Kosinski, PE, David Wasserman, and Lilian Ayala Subject: Existing Transit Conditions and Potential Improvements on Bascom Avenue SJ17-1708 This memorandum presents existing transit conditions along the Bascom Avenue corridor, which will inform the Bascom Avenue Complete Streets Study. The existing conditions covered in this memorandum include descriptions of the major destinations, route services, mode access to transit, bus stop conditions, and operational analysis of bus transit speeds and reliability. The Bascom Avenue corridor extends six miles from the north at Interstate 880 to State Route 85 in the south. The street is designated as a “Class 1 Arterial” with three lanes in each direction. For most of the segment it is in either the City of San Jose or unincorporated Santa Clara County, but it passes through the City of Campbell for 1.5 miles. The north and central sections of the corridor are primarily commercial, civic, or hospital, with the remaining areas being largely residential. KEY FINDINGS The existing transit system provides service to a majority of the north and central portions of Bascom Avenue. Although 54 stops are dispersed along the corridor, the major stops along Bascom Avenue, identified by ridership and transfer activity, were primarily located in the north and central portions of the corridor. The evaluation of major bus stops along Bascom Avenue have indicated that core bus stops are missing major amenities, such as seating and shelters, that would be expected for high ridership stops.
    [Show full text]
  • GREEN LINE Light Rail Time Schedule & Line Route
    GREEN LINE light rail time schedule & line map Old Ironsides - Winchester View In Website Mode The GREEN LINE light rail line (Old Ironsides - Winchester) has 4 routes. For regular weekdays, their operation hours are: (1) Baypointe Station (E): 10:16 PM (2) Civic Center Station (N): 12:36 AM - 11:43 PM (3) Old Ironsides Station (W): 5:59 AM - 10:46 PM (4) San Jose Diridon: 5:27 AM - 11:49 PM Use the Moovit App to ƒnd the closest GREEN LINE light rail station near you and ƒnd out when is the next GREEN LINE light rail arriving. Direction: Baypointe Station (E) GREEN LINE light rail Time Schedule 17 stops Baypointe Station (E) Route Timetable: VIEW LINE SCHEDULE Sunday Not Operational Monday Not Operational Diridon Station Tuesday Not Operational San Fernando Station 415 San Fernando St, San Jose Wednesday 10:16 PM Convention Center Station Thursday 10:16 PM 300 Almaden Bl, San Jose Friday 10:16 PM San Antonio Station Saturday Not Operational 200 S 1st St, San Jose Santa Clara Station Fountain Alley, San Jose GREEN LINE light rail Info Saint James Station Direction: Baypointe Station (E) Stops: 17 Japantown/Ayer Station Trip Duration: 34 min 15 Hawthorne Way, San Jose Line Summary: Diridon Station, San Fernando Station, Convention Center Station, San Antonio Civic Center Station Station, Santa Clara Station, Saint James Station, 800 North 1st Street, San Jose Japantown/Ayer Station, Civic Center Station, Gish Station, Metro/Airport Station, Karina Court Station, Gish Station Component Station, Bonaventura Station, Orchard North 1st Street,
    [Show full text]
  • Promoting Employment in Transit Construction Projects by Members of Minority and Low-Income Communities, F T a Report Number
    Promoting Employment in Transit Construction Projects by Members of Minority and Low-Income Communities JULY 2013 FTA Report No. 0080 Federal Transit Administration PREPARED BY Genevieve Giuliano, METRANS Transportation Center Policy Hilda Blanco, Center for Sustainable Cities Deepak Bahl, USC Center for Economic Development University of Southern California COVER PHOTO Courtesy of Edwin Adilson Rodriguez, Federal Transit Administration DISCLAIMER This document is disseminated under the sponsorship of the U.S. Department of Transportation in the interest of information exchange. The United States Government assumes no liability for its contents or use thereof. The United States Government does not endorse products of manufacturers. Trade or manufacturers’ names appear herein solely because they are considered essential to the objective of this report. Promoting Employment in Transit Construction Projects by Members of Minority and Low-Income Communities JULY 2013 FTA Report No. 0080 PREPARED BY Genevieve Giuliano, METRANS Transportation Center Policy Hilda Blanco, Center for Sustainable Cities Deepak Bahl, USC Center for Economic Development University of Southern California SPONSORED BY Federal Transit Administration Office of Research, Demonstration and Innovation U.S. Department of Transportation 1200 New Jersey Avenue, SE Washington, DC 20590 AVAILABLE ONLINE http://www.fta.dot.gov/research Metric Conversion Table SYMBOL WHEN YOU KNOW MULTIPLY BY TO FIND SYMBOL LENGTH in inches 25.4 millimeters mm ft feet 0.305 meters m yd yards 0.914 meters m mi miles 1.61 kilometers km VOLUME fl oz fluid ounces 29.57 milliliters mL gal gallons 3.785 liter L ft3 cubic feet 0.028 cubic meters m3 yd3 cubic yards 0.765 cubic meters m3 NOTE: volumes greater than 1000 L shall be shown in m3 MASS oz ounces 28.35 grams g lb pounds 0.454 kilograms kg megagrams T short tons (2000 lb) 0.907 Mg (or “t”) (or “metric ton”) TEMPERATURE (exact degrees) o 5 (F-32)/9 o F Fahrenheit Celsius C or (F-32)/1.8 FEDERAL TRANSIT ADMINISTRATION ii REPORT DOCUMENTATION PAGE Form Approved OMB No.
    [Show full text]
  • Caltrain Electrification Program: Environmental Assessment/ Final
    CALTRAIN ELECTRIFICATION PROGRAM San Francisco to San Jose (MP 0.0 to 52.0) U.S. Department of Transportation Federal Transit Administration Environmental Assessment/ Final Environmental Impact Report Volume I PENINSULA CORRIDOR JOINT POWERS BOARD July 2009 SCH No. 2000082093 CALTRAIN ELECTRIFICATION PROGRAM in the City and County of San Francisco, San Mateo and Santa Clara Counties ENVIRONMENTAL ASSESSMENT/ FINAL ENVIRONMENTAL IMPACT REPORT Pursuant to National Environmental Policy Act (42 USC §4332) 49 USC Chapter 53, 16 USC §470, 23 CFR Part 771, 23 CFR Part 450, Executive Order 12898; and California Environmental Quality Act, PRC 21000 et seq.; and the State of California CEQA Guidelines, California Administrative Code, 15000 et seq. by the U.S. DEPARTMENT OF TRANSPORTATION FEDERAL TRANSIT ADMINISTRATION and the PENINSULA CORRIDOR JOINT POWERS BOARD For JPB:______________________________________ For FTA:_____________________________________ Michael Scanlon Date Leslie T. Rogers Date Executive Director Region IX Administrator Peninsula Corridor Joint Powers Board Federal Transit Administration The following persons may be contacted for additional information concerning this document: Ms. Stacy Cocke Mr. Eric Eidlin Senior Planner Program Specialist, Office of Planning and Programming San Mateo County Transit District U.S. Department of Transportation 1250 San Carlos Avenue Federal Transit Administration, Region IX P.O. Box 3006 201 Mission Street, Suite 2210 San Carlos, CA 94070-1306 San Francisco, CA 94105 (650) 508-6207 (415) 744-3115 ABSTRACT: The Peninsula Corridor Joint Powers Board proposes to convert the Peninsula Commute Service (Caltrain) from diesel-hauled to electric-hauled trains and install some 130 to 140 single-track miles of overhead contact system and approximately 10 traction power station facilities for the distribution of electrical power to the electric rolling stock consisting of electric locomotives or electric multiple units.
    [Show full text]
  • Redevelopment Agency of the City of San Jose
    NEW ISSUE - FULL BOOK-ENTRY RATINGS: Moody's: "Aa2NMIG-1" Standard & Poor's: "AA-/A-1+" (See "RATINGS") In the opinion of Nixon Peabody LLP, Bond Counsel, under existing law and assuming compliance with the tax covenants described herein and the accuracy of certain representations and certifications made by the Agency and the Borrowers and described herein, interest on the Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986, as amended (the "Code"), except that no opinion is expressed as to the exclusion of interest from gross income for any period during which any Bond is held by a person who, within the meaning ofSection 147( a) of the Code, is a "substantial user" ofthe facilities financed with proceeds of the Bonds or a "related person". Bond Counsel is further of the opinion that interest on the Bonds is treated as an item of tax preference for purposes of calculating the federal alternative minimum tax that may be imposed on individuals and corporations. Bond Counsel is further of the opinion that under existing law interest on the Bonds is exempt from California personal income taxes. See "TAX MATTERS" regarding certain other tax considerations. Redevelopment Agency of the City of San Jose Merged Area Redevelopment Project Subordinate Housing Set-Aside Tax Allocation Variable Rate Demand Bonds (AMT) $33,075,000 $33,075,000 Tax-Exempt Tax Allocation Bonds Tax-Exempt Tax Allocation Bonds Series 2005C (AMT) Series 20050 (AMT) Dated: Date of Delivery Price: 100% Due: August 1, 2035 This cover page contains certain information for general reference only.
    [Show full text]
  • Chapter 1: Purpose of and Need for Project
    CHAPTER 1: PURPOSE OF AND NEED FOR PROJECT CHAPTER 1: PURPOSE OF AND NEED FOR PROJECT 1.1 PURPOSE The primary purposes of the Caltrain Electrification Program are to: • Improve train performance, • Reduce noise, • Improve regional air quality, and • Modernize Caltrain. The population of the Bay Area is increasing and, with it, traffic congestion. Commute traffic between major employment centers in San Francisco and along the San Francisco Peninsula is growing, and there has been a substantial increase in “reverse commute” trips from San Francisco to Peninsula locations over the past decade. Off-peak travel between San Francisco and Peninsula locations is also on the rise. Caltrain has experienced increases in ridership, as people seek alternate ways to meet these travel needs. Caltrain anticipates continued increases in demand for its rail services between now and the year 2020. To meet that increasing demand, Caltrain adopted the Rapid Rail Program and is already implementing increases in trackage; Caltrain is also planning to operate more trains, running at higher speeds, and is considering investments in additional rolling stock. It would be possible for Caltrain to provide increased service levels using either diesel or electric motive power. Electrification, however, offers several advantages in comparison with diesel power, and these benefits serve the primary objectives of the Caltrain Electrification project, as follows: • Electric trains can accelerate and decelerate at better rates than diesel powered trains, even with longer train consists. Given Caltrain’s close-set station stops, a substantial portion of a Caltrain trip is spent accelerating and decelerating between stations. This would be expected to increase under continued diesel operations, as train consists get longer.
    [Show full text]
  • VTA Board of Directors Subject: VTA Information: January 4, 2018, Revised Agenda to the VTA Board of Directors Regular Meeting
    From: VTA Board Secretary Sent: Tuesday, January 02, 2018 2:12 PM To: VTA Board of Directors Subject: VTA Information: January 4, 2018, Revised Agenda to the VTA Board of Directors Regular Meeting VTA Board of Directors: You may now access the updated VTA Board of Directors Regular Meeting Agenda Packet, with a revised agenda, scheduled for January 4, 2018, on our website here. Thank you. Office of the Board Secretary Santa Clara Valley Transportation Authority 3331 North First Street, Building B San Jose, CA 95134-1927 Phone 408-321-5680 Conserve paper. Think before you print. From: VTA Board Secretary Sent: Wednesday, January 03, 2018 4:26 PM To: VTA Board of Directors Subject: From VTA: January 3, 2018 Media Clips VTA Daily News Coverage for Wednesday, January 3, 2018 1. VTA Fare Policy/Ridership (KPIX) 2. El Camino Bus Rapid Transit – policymakers seek a next step (Greencaltrain.com) 3. FTA letter casts doubt on federal support of Gateway tunnel project (Progressive Railroading) VTA Fare Policy/Ridership (KPIX) (Link to video) El Camino Bus Rapid Transit – policymakers seek a next step (Greencaltrain.com) On Thursday, El Camino Bus Rapid Transit Policy Advisory Board members turned down a move to kill the project outright, and decided instead to bring a proposal for a right-lane pilot back to corridor cities in a roadshow to be completed by next June. Despite urging by County Supervisor Simitian, whose initial motion was to end the initiative outright except for minor improvements, and by Supervisor Yeager, who wanted to re-purpose the money for bus rapid transit on Stevens Creek, the city council members in Sunnyvale, Santa Clara, Palo Alto, Mountain View, and Los Altos did not want to give up.
    [Show full text]
  • Transit-Oriented Development: an Examination of America’S Transit Precincts in 2000 & 2010
    Gulf Coast Research Center for Evacuation and Transportation Resiliency LSU / UNO University Transportation Center Transit-Oriented Development: An Examination of America’s Transit Precincts in 2000 & 2010 Final Report John L. Renne, Ph.D., AICP University of New Orleans with Reid Ewing, Ph.D. University of Utah Sponsoring Agency United States Department of Transportation Research and Innovative Technology Administration Washington, DC Project # 12-06 June 2013 GULF COAST RESEARCH CENTER FOR EVACUATION AND TRANSPORTATION RESILIENCY The Gulf Coast Research Center for Evacuation and Transportation Resiliency is a collaborative effort between the Louisiana State University Department of Civil and Environmental Engineering and the University of New Orleans' Department of Planning and Urban Studies. The theme of the LSU-UNO Center is focused on Evacuation and Transportation Resiliency in an effort to address the multitude of issues that impact transportation processes under emergency conditions such as evacuation and other types of major events. This area of research also addresses the need to develop and maintain the ability of transportation systems to economically, efficiently, and safely respond to the changing demands that may be placed upon them. Research The Center focuses on addressing the multitude of issues that impact transportation processes under emergency conditions such as evacuation and other types of major events as well as the need to develop and maintain the ability of transportation systems to economically, efficiently, and safely respond to the changing conditions and demands that may be placed upon them. Work in this area include the development of modeling and analysis techniques; innovative design and control strategies; and travel demand estimation and planning methods that can be used to predict and improve travel under periods of immediate and overwhelming demand.
    [Show full text]