DOCSLIB.ORG

$122,360,000 $23,920,000 FRESNO JOINT POWERS FINANCING AUTHORITY FRESNO JOINT POWERS FINANCING AUTHORITY Assured Raymond James B

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
$122,360,000 $23,920,000 FRESNO JOINT POWERS FINANCING AUTHORITY FRESNO JOINT POWERS FINANCING AUTHORITY Assured Raymond James B NEW ISSUES - FULL BOOK-ENTRY RATINGS: (See "RATINGS") In the opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel to the Authority, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Series 2017A Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 and interest on the Series 2017AIB Bonds is exempt from State of California personal income taxes. In the further opinion of Bond Counsel, interest on the Series 2017A Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although Bond Counsel observes that such interest is included in adjusted current earnings when calculating corporate alternative minimum taxable income. Interest on the Series 2017B Bonds is not excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount, accrual or receipt of interest on, the Series 2017AIB Bonds. See "TAX MATTERS. " $122,360,000 $23,920,000 FRESNO JOINT POWERS FINANCING AUTHORITY FRESNO JOINT POWERS FINANCING AUTHORITY LEASE REVENUE REFUNDING BONDS LEASE REVENUE REFUNDING BONDS (MASTER LEASE PROJECTS) (MASTER LEASE PROJECTS) SERIES 2017A SERIES 2017B (FEDERALLY TAXABLE) Dated: Date of Delivery Due: April 1, as shown ou inside cover The Fresno Joint Powers Financing Authority (the "Authority") is issuing $122,360,000 principal amount of Fresno Joint Powers Financing Authority Lease Revenue Refunding Bonds (Master Lease Projects), Series 2017A (the "Series 2017A Bonds") and $23,920,000 principal amount of Fresno Joint Powers Financing Authority Lease Revenue Refunding Bonds (Master Lease Projects), Series 20 l 7B (Federally Taxable) ( the "Series 201 7B Bonds" and together with the Series 2017 A Bonds, the "Series 2017A/B Bonds" and each, a "Series") to: (i) make deposits to irrevocable escrows to refund certain outstanding bonds issued by the Authority described herein (collectively, the "Refunded Bonds"); and (ii) pay certain costs associated with the issuance of the Series 2017A/B Bonds, including the premiums for the Policy and the Reserve Account Policy (each as defined below). See "PLAN OF FINANCE" and "ESTIMATED SOURCES AND USES OF FuNDS." The Series 2017A/B Bonds are being issued pursuant to a Master Trust Agreement dated as of April 1, 2008 (the "Master Trust Agreement"), as previously amended and supplemented, including as further amended and supplemented by the Third Supplemental Trust Agreement, dated as of May 1, 2017 (the "Third Supplemental Trust Agreement"), each by and between the Authority and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"). The Master Trust Agreement as previously amended and supplemented and as further amended and supplemented by the Third Supplemental Trust Agreement is referred to as the "Trust Agreement." Interest on the Series 2017 AIB Bonds is payable semi-annually on April 1 and October 1 of each year, commencing on October 1, 2017. Principal on the Series 2017 A/B Bonds is payable on April 1 of each year as set forth on the inside cover. The Series 2017A/B Bonds will each be issued as fully registered bonds, registered in the name of Cede & Co. as nominee of The Depository Trust Company, New York, New York ("DTC"), and will be available to ultimate purchasers ("Beneficial Owners") in denominations of $5,000 or any integral multiple thereof, under the book-entry system maintained by DTC, only through brokers and dealers who are, or act through, DTC participants. Beneficial Owners will not be entitled to receive delivery of the Series 2017 AIB Bonds. Payments of principal, interest and premium, if any, on the Series 2017A/B Bonds will be payable by the Trustee to DTC or its nominee, so long as DTC or its nominee remains the registered owner of the Series 2017 A/B Bonds. Disbursement of such payments to DTC participants is the responsibility of DTC and disbursement of such payments to the Beneficial Owners is the responsibility of DTC participants. See APPENDIX F -"DTC AND THE BOOK-ENTRY ONLY SYSTEM." The Series 2017AIB Bonds are subject to redemption by the Authority prior to maturity as described herein. See "THE SERIES 2017 AIB BoNDs-Series 2017 A Bonds Optional Redemption," "-Series 2017B Bonds Optional Redemption" and "-Redemption Provisions Applicable to Both Series of Bonds." The Series 2017 A/B Bonds and the interest thereon are payable from, and secured by a pledge of, and charge and lien upon Revenues consisting primarily of Base Rental Payments to be paid by the City of Fresno (the "City") to the Authority pursuant to a Master Facilities Sublease, dated as of April 1, 2008 (the "Master Sublease"), as previously amended and supplemented, including as amended and supplemented by a Third Amendment to Master Facilities Sublease, dated as of May 1, 2017, each by and between the Authority and the City, for beneficial use and occupancy of certain real property and the improvements thereon (collectively, the "Facilities"). The Master Sublease as previously amended and supplemented and as further amended and supplemented by the Third Amendment to Master Facilities Sublease is referred to as the "Sublease." See "SECURITY AND SOURCES OF PAYMENT FOR THE BONDS-Base Rental Payments" and "THE FACILITIES." Certain of the Authority's previously issued Series 2008A Bonds, Series 2008C Bonds and Series 2008F Bonds, each as defined herein, will remain outstanding under the Trust Agreement following delivery of the Series 201 7A/B Bonds and are payable on a parity with the Series 2017 A/B Bonds. The Series 2008A Bonds, the Series 2008C Bonds and the Series 2008F Bonds remaining outstanding, the Series 201 7A/B Bonds and any Additional Bonds are referred to herein as the "Bonds." On the date of the delivery of the Series 2017 AIB Bonds, the Authority will deposit a debt service reserve insurance policy (the "Reserve Account Policy") issued by the Bond Insurer in the amount of the Reserve Account Requirement for deposit into the Reserve Account. See "SECURITY AND SouRcEs OF PAYMENT FOR THE BoNDS­ Reserve Account." The Series 2017AIB Bonds are limited obligations of the Authority and are not secured by a legal or equitable pledge of, or charge or lieu upon, any property of the Authority or any of its income or receipts, except the Revenues. Neither the full faith and credit nor the taxing power of the City, the State of California or any political subdivision thereof is pledged for the payment of the principal of or premium, if any, or interest ou the Series 2017AIB Bonds. The obligation of the City to make Base Rental Payments nuder the Sublease does not constitute a debt, liability or obligation of the City for which the City is obligated to levy or pledge any form of taxation or for which the City has levied or pledged any form of taxation. The Authority has uo taxing power. This cover contains certain information for general reference only. It is not a summary of this issue. Investors are strongly advised to read the entire Official Statement to obtain information essential to the making of au informed investment decision, including "CERTAIN BONDOWNERS' RISKS." The scheduled payment of principal of and interest on the Series 2017A Bonds maturing on April 1, 2022 to and including April 1, 2037, and on April 1, 2039, and the Series 2017B Bonds maturing on April 1, 2022 to and including April 1, 2027 and on April 1, 2031 (collectively, the "Insured Series 2017 AIB Bonds") when due will be guaranteed under a municipal bond insurance policy for the Series 201 7A/B Bonds to be issued concurrently with the delivery of the Insured Series 201 7A/B Bonds by Assured Guaranty Municipal Corp. See "BoND INSURANCE." AsSURED GUARANlY MUN!C1PAL The Series 2017AIB Bonds are offered when, as and if issued by the Authority and received by the Underwriters, subject to the approval of validity by Orrick, Herrington & Sutcliffe LLP, Bond Counsel to the Authority, and to certain other conditions. Certain matters will be passed upon for the Authority and the City by the City Attorney of the City ofFresno and for the Authority and the City by Schiff Hardin LLP, San Francisco, California, Disclosure Counsel. Quint & Thimmig LLP, Larkspur, California is serving as counscl to the Underwriters. it is expected that the Series 2017AIB Bonds in book-entry form will be available for delivery through the facilities of DTC in New York, New York, on or about May 10, 2017. Raymond James Barclays Stifel Dated: April 19, 2017 MATURITY SCHEDULE $122,360,000 CITY OF FRESNO LEASE REVENUE REFUNDING BONDS (MASTER LEASE PROJECTS) SERIES 2017 A $115,960,000 Serial Series 2017 A Bonds Maturity Principal Interest CUSIPNo.t (A2ril 1) Amount Rate Yield (358184) 2018 $3,500,000 5.000% 1.140% PE3 2019 8,910,000 5.000 1.350 PFO 2020 9,345,000 5.000 1.530 PG8 2021 8,785,000 5.000 1.710 PH6 2022tt 7,165,000 5.000 1.780 PJ2 2023tt 8,130,000 5.000 1.980 PK9 2024tt 7,270,000 5.000 2.170 PL7 2025tt 5,425,000 5.000 2.360 PMS 2026tt 4,970,000 5.000 2.530 PN3 2027tt 5,205,000 5.000 2.650 PP8 2023tt 4,915,000 5.000 2.750 c PQ6 2029tt 5,155,000 5.000 2.870 c PR4 203ott 4,045,000 5.000 2.970 c PS2 2031 tt 5,695,000 5.000 3.060 c PTO 2032tt 4,605,000 5.000 3.120 c PU7 2033tt 4,835,000 5.000 3.180 c PV5 2034tt 5,075,000 5.000 3.220 c PW3 2035tt 5,320,000 5.000 3.270 c PXl 2036tt 3,715,000 5.000 3.300 c PY9 2037tt 3,895,000 5.000 3.330 c PZ6 $6,400,000 3.750% Term Bonds Due April 1, 2039tt, Yield: 3.880%, CUSIP No.t: 358184QAO t Copyright© 2017 CUSIP Global Services.
Load more

Recommended publications
  • 1 of 60 NRHP DEMO LMLCID APN NO
    NRHP DEMO LMLCID APN NO. DIR STREET APT OTHER ADD NAME OTHER_NAME HIST# LOC# CONST STYLE ARCH BLDR SURVEY Date surveyed COMMENTS STATUS YR 000023606 46720108 609 A Street 6Z 1962 HPS West Fresno Middle School April 2004 000024954 46720104 631 A Street Jacob Maul Home 6Z 1929 Craftsman bungalow HPS West Fresno Middle School April 2004 Germantown 000025198 46720103 635 A Street Henry Markus Home 6Z 1913 Craftsman bungalow George Christian HPS West Fresno Middle School April 2004 Germantown 635 A Street backhaus Henry Markus Home 5S3 1911 German backhaus HPS West Fresno Middle School April 2004 Germantown 000026304 46720101 655 A Street 942 Mono Street 6Z 1923 vernacular Fred Look HPS West Fresno Middle School April 2004 Germantown 000315744 46716610 712 A Street 6Z 2003 HPS West Fresno Middle School April 2004 Germantown 000051086 46715415T 1260 A Street Joe's Market Contino Brothers Grocery c1918 2005? 000002446 45933216 118 N Abby Street 000003352 45933217 134 N Abby Street Harvey Himes 4 Stucco Tract Supplementary Historic Building Survey Sep-94 See 'Notes', at end. 000003754 45933231 140 N Abby Street Bob Von Used Cars 3 Minimal Traditional Supplementary Historic Building Survey Sep-94 Pavilion International Spanish 000003822 45933125 141 N Abby Street Denny's 4 Supplementary Historic Building Survey Sep-94 influence 000004296 45933139 149 N Abby Street Darin's Auto Sales 4 Stucco Tract Supplementary Historic Building Survey Sep-94 000005186 45933223 178 N Abby Street Superior Auto Sales 4 Vernacular International Supplementary Historic
    [Show full text]
  • Legend R L S R J B N N O I C
    T MAGILL L N MAGILL E O V M S SHAW E I IS S S R IO O R N K O A O R H FREMONT O H R T B HP# NAME ADDRESS YEAR HP# NAME ADDRESS YEAR HP# NAME ADDRESS YEAR SHAW X L I L S I E 1 Old Fresno Water Tow er 2444 Fresno St. 1894 90 Rehorn Home 1050 S St. 1906 181 Paul Kindler Home 1520 E. Olive Ave. 1929 PALO ALTO M PALO ALTO R A E I I E S 2 Thomas R. Meux Home 1007 R St. 1889 91 City Fire Alarm Station 2945 Fresno St. 1917 182 Frank J. Craycroft Home 6545 N. Palm Ave. 1927 L T L M E E R S 177 182 L D A Y N E (! 136 (! E R A D ! A ( 3 Warehouse Row Buildings 764 P St. 1903-1910 92 Van Valkenburgh Home 1125 T St. 1903 183 Herbert C. Gundelfinger Home 1038 E. Yale Ave. 1919 R G R O P H O R 227 F O C E F PAUL (! F 3 Warehouse Row Buildings 744 P St. 1903-1910 93 National Warehouse 860 Santa Fe Ave. 1905-1930 184 Drs. George & Jessie Hare Home 815 E. McKinley Ave. 1918 A F BULLDOG S 3 Warehouse Row Buildings 702 P St. 1903-1910 94 Santa Fe Hotel 935 Santa Fe Ave. 1926 185 William Saroyan Residence 3204 E. El Monte Way 1914 FAIRMONT 4 Physicians Building 2607 Fresno St. 1926 95 Fasset Home #1 905 P St.
    [Show full text]
  • Downtown Fresno (Fulton Corridor) Historic Resources Survey December 2011 (Revised April 2014) HISTORIC RESOURCES GROUP
    REPORT Downtown Fresno (Fulton Corridor) Historic Resources Survey December 2011 (Revised April 2014) HISTORIC RESOURCES GROUP REPORT Downtown Fresno (Fulton Corridor) Historic Resources Survey December 2011 (Revised April 2014) HISTORIC RESOURCES GROUP 1 PREPARED FOR Moule & Polyzoides Architects and Urbanists 180 E. California Boulevard Pasadena, California REPORT Downtown Fresno (Fulton Corridor) Historic Resources Survey HISTORIC RESOURCES GROUP 2 TABLE OF CONTENTS 3 Overview 5 Federal and State Regulatory Framework 10 City of Fresno Regulatory Framework 16 Downtown Fresno Historic Context 67 Themes and Associated Property Types 84 Architectural Character 93 Survey Methodology 100 Survey Results 111 Glossary of Terms 114 Bibliography Appendices Appendix A: Properties that Appear Eligible for Individual Historic Landmark Designation Appendix B: Contributors to the Civic Center Historic District Appendix C: Fulton Mall Potential Historic District Evaluations Appendix D: California Office of Historic Preservation Historical Resource Status Codes List of Figures Figure 1: Intensive Survey Area Figure 2: Properties Eligible for Individual Designation Figure 3: Potential Civic Center Historic District Figure 4: Potential Fulton Street-Fulton Mall Historic District REPORT Downtown Fresno (Fulton Corridor) Historic Resources Survey HISTORIC RESOURCES GROUP 3 OVERVIEW consultation with City staff to comprise Downtown Fresno and its immediately five main components: surrounding neighborhoods contain 1. A reconnaissance-level survey of some of the City’s oldest and most properties within the central historically significant areas, and has portions of the City as well as been the subject of numerous previous selected outlying areas. surveys and studies. These earlier efforts have identified both individual historic 2. Intensive survey of the all properties resources and several historic districts, located on the Fulton Mall.
    [Show full text]
  • Fresno County Multi-Hazard Mitigation Plan
    Fresno County Multi-Hazard Mitigation Plan Public Review Draft / April 2018 Fresno County Multi-Hazard Mitigation Plan Public Review Draft / April 2018 Cover Photo Credits: Lake of the Lone Indian, The Armchair Explorer, www.thearmchairexplorer.com/california/sierra-national-forest San Joaquin Valley Agricultural Lands, Limoneira buys 757 acres of orchards in San Joaquin Valley, Staff Report, Thursday, December 3, 2015, https://www.pacbiztimes.com/2015/12/03/limoneira-buys-757- acres-of-orchards-in-san-joaquin-valley/ Clovis Flooding, ABC 30 News, http://abc30.com/news/map-widespread-flooding-reported-on-the-east-side-of-fresno-and-clovis/1699471 Wildfire, Sierra News Online, https://sierranewsonline.com/wildfire-in-fresno-county-prompts-health-caution/ Fresno County Line, Geocaching, https://www.geocaching.com/geocache/GC22X5Q_fresno-monterey-co-line-priest-valley-quadrangle?guid=9bc54552-7fc5-48ac-ad4a-23e5851c90b9 EXECUTIVE SUMMARY The purpose of hazard mitigation is to reduce or eliminate long-term risk to people and property from hazards. Fresno County and the other participating jurisdictions developed this multi-hazard mitigation plan to make the County and its residents less vulnerable to future hazard events. This plan was prepared pursuant to the requirements of the Disaster Mitigation Act of 2000 so that Fresno County would be eligible for the Federal Emergency Management Agency’s (FEMA) Hazard Mitigation Assistance Grants, including Pre-Disaster Mitigation and Hazard Mitigation Grant programs as well as lower flood insurance premiums (in jurisdictions that participate in the National Flood Insurance Program’s Community Rating System). The plan was originally developed in 2007-2008 and FEMA approved in 2009.
    [Show full text]
  • National Register of Historic Places Inventory—Nomination Form 1
    FHR-S-300 (11-78) United States Department of the Interior Heritage Conservation and Recreation Service National Register of Historic Places Inventory—Nomination Form See instructions in How to Complete National Register Forms Type ail entries—complete applicable sections_______________ 1. Name historic Fresno Bee Bu11dIng Carlos K. McClatchy Building - and/or common Fresno Metropolitan Museum of Art, History and Scfence 2. Location street & number 1555 Van Ness Ave»ue~ n/a not for publication city, town Fresno n/a vicinity of congressional district 15th state Cal!torn la code 06 county Fresno code 019 3. Classification Category Ownership Status Present Use district public occupied agriculture X museum (proposed) X building(s) X private unoccupied commercial park structure both _ X_ work in progress educational private residence site Public Acquisition Accessible entertainment religious object in process __K. yes: restricted government scientific being considered yes: unrestricted industrial transportation x n/a no military other: 4. Owner of Property name Fresno Metropolitan Museum of Art, History and ScTence Corporatfon street & number 1555 Van Ness Avenue city, town Fresno tife_ vicinity of state Calf torn la 5. Location of Legal Description courthouse, registry of deeds, etc. Fresno County HaM of Records street & number 2281 Tulare Street city, town Fresno state California 6. Representation in Existing Surveys Local Official Register of title Historic Resources has this property been determined elegible? yes no date March 4, 1980 federal state county X local depository for survey records Fresno City Hall, 2326 Fresno Street city, town Fresno state California 7. Description Condition Chock ono Chock ono excellent deteriorated unaltered X original site X good ruins X altered moved data n/a fair unex posed Describe the present and original (if known) physical appoaranco The Fresno Bee Building (1922) is located on the southwest corner of Van Ness Avenue and Calaveras Street in Downtown Fresno, California.
    [Show full text]
  • The Fresno Bee, 1626 E St. ±219,864 Sf / 14.8 Prime Acres Near Downtown Fresno
    The Fresno Bee, 1626 E St. ±219,864 sf / 14.8 prime acres near Downtown Fresno Fresno Chandler Executive Airport N 180 High Speed Rail Right of Way Downtown Fresno Capital Markets | Investment Properties The Fresno Bee, 1626 E Street 2 INVESTMENT CONTACT LOCAL MARKET CONTACT EXECUTIVE SUMMARY ............... 03 Randy Getz Tony Cortopassi Executive Vice President Director +1 916 446 8287 +1 559 433 3549 PROPERTY OVERVIEW ............... 08 Lic. 00828903 Lic. 01413706 [email protected] [email protected] AREA OVERVIEW ....................... 11 500 Capitol Mall 9 River Park Place East Suite 2400 Suite 101 Sacramento, CA 95814 Fresno, CA 93720 MARKET DATA ........................... 13 The Fresno Bee, 1626 E Street 3 EXECUTIVE SUMMARY THE OFFERING N CBRE, Inc. is pleased to offer an Fresno Chandler Executive Airport opportunity to acquire fee simple interest in the 219,864 square foot multi-function building in Fresno, 180 California where for decades The 1626 E STREET McClatchy Company created and published the Fresno Bee newspaper. The property occupies ±14.8 prime acres on the western edge of Fresno’s CBD near Highway 99, one of two major freeways connecting northern High Speed Rail Right of Way and southern California. The California High Speed Rail right-of-way is across G Street from the property and the proposed Fresno HSR station is within easy walking distance. Downtown Fresno The asset is offered without a fixed asking price. Interested parties may gain access to the due diligence website after executing a standard Non-Disclosure Agreement. Expressions of interest should be submitted to Randy Getz whose contact information is included herein.
    [Show full text]
  • Annexes a - I Annex A: City of Clovis
    ANNEXES A - I ANNEX A: CITY OF CLOVIS A.1 Community Profile Figure A.1 displays a map and the location within Fresno County of the City of Clovis and its Sphere of Influence. Figure A.1: The City of Clovis A.1.1 Geography and Climate Located in the northeast quadrant of the Fresno-Clovis Metropolitan Area in northern Fresno County, Clovis is situated in the midst of the agriculturally rich San Joaquin Valley. It covers a roughly 21,108 acre area that encompasses the City of Clovis and unincorporated Fresno County, inclusive of the City’s Sphere of Influence. Over the past decade, the City has annexed land in the southeast near Dog Creek and expanded its Sphere of Influence in the north. All lands outside of the City’s Sphere of Influence are regulated by the Fresno County General Plan and zoning designations. However, state law requires that cities plan for areas outside of their immediate jurisdiction if the areas have a direct relationship to planning needs. Fresno County (Clovis) DRAFT Annex A.1 Multi-Hazard Mitigation Plan Clovis consists of three distinct geographical areas: The City, which represents the incorporated City within the City limit boundaries; the Sphere of Influence, which corresponds to the City’s existing Sphere of Influence; and the study area, which includes unincorporated Fresno County lands outside of the City’s Sphere of Influence. Immediately beyond Clovis to the northeast are the western foothills of the Sierra Nevada Mountains. The City of Fresno and its Sphere of Influence are located to the southwest.
    [Show full text]
  • $56,300,000 City of Fresno 2010-2011 Tax and Revenue Anticipation Notes Interest Rate: 2.00% Priced to Yield: 0.70% Cusip No.: 358082Ke4†
    NEW ISSUE - BOOK ENTRY ONLY Ratings: Moody’s: MIG-1 S&P: SP-1+ In the opinion of Orrick, Herrington & Sutcliffe llp, Note Counsel to the City of Fresno, based upon an analysis of existing laws, regulations, rulings, and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Notes is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 and is exempt from State of California personal income taxes. The amount treated as interest on the Notes and excluded from gross income may depend upon the taxpayer’s election under Internal Revenue Notice 94-84. In the further opinion of Note Counsel, interest on the Notes is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, nor is it included in adjusted current earnings when calculating corporate alternative minimum taxable income. Note Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the accrual or receipt of interest on the Notes. See “Tax Matters” herein. $56,300,000 CITY OF FRESNO 2010-2011 TAX AND REVENUE ANTICIPATION NOTES INTEREST RATE: 2.00% PRICED TO YIELD: 0.70% CUSIP NO.: 358082KE4† Dated: Date of Delivery Due: June 30, 2011 The City of Fresno (the “City”) 2010-2011 Tax and Revenue Anticipation Notes (the “Notes”) are being issued to finance the seasonal cash flow requirements of the City during the fiscal year ending June 30, 2011. The Notes will be issued as fixed-rate notes in fully registered form.
    [Show full text]
  • Fresno Joint Powers Financing Authority
    PRELIMINARY OFFICIAL STATEMENT DATED APRIL 6, 2017 NEW ISSUES — FULL BOOK-ENTRY RATINGS: (See “RATINGS”) In the opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel to the Authority, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Series 2017A Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 and interest on the Series 2017A/B Bonds is exempt from State of California personal income taxes. In the further opinion of Bond Counsel, interest on the Series 2017A Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although Bond Counsel observes that such interest is included in adjusted current earnings when calculating corporate alternative minimum taxable income. Interest on the Series 2017B Bonds is not excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount, accrual or receipt of interest on, the Series 2017A/B Bonds. See “TAX MATTERS.” $124,790,000* $23,780,000* FRESNO JOINT POWERS FINANCING AUTHORITY FRESNO JOINT POWERS FINANCING AUTHORITY LEASE REVENUE REFUNDING BONDS LEASE REVENUE REFUNDING BONDS (MASTER LEASE PROJECTS) (MASTER LEASE PROJECTS)
    [Show full text]
  • National Register of Historic Places Continuation Sheet
    NPS farm KWOO* 10244018 United States Department of the Interior National Park Service National Register of Historic Places Continuation Sheet Section number ___ Page ___ SUPPLEMENTARY LISTING RECORD NRIS Reference Number: 91000308 Date Listed: 3/26/91 Twining Laboratories Fresno CA Property Name County State N/A Multiple Name This property is listed in the National Register of Historic Places in accordance with the attached nomination documentation subject to the following exceptions, exclusions, or amendments, notwithstanding the National Park Service certification included in the nomination documentation. Signature of the Keeper Date of Action Amended Items in Nomination: Statement of Significance: On Continuation Sheet, Section 8, page 6, the last sentence should read, "Twining Laboratories qualifies for listing on the National Register of Historic Places with State Significance." This information was confirmed with Cynthia Howse of the California State Historic Preservation Office. DISTRIBUTION: National Register property file Nominating Authority (without nomination attachment) NPS Form 10400 OUB Mo. 1024-0018 (R«v. 6-06) United States Department of the Interior National Park Service L National Register of Historic Places Registration Form NATIONAL REGISTER This form is for use in nominating or requesting determinations of eligibility for individual properties or districts. See instructions in Guidelines tor Completing National Resistor Forms (National Register Bulletin 16). Complete each item by marking "x" in the appropriate box or by entering the requested information. If an item does not apply to the property being documented, enter "N/A" for "not applicable." For functions, styles, materials, and areas of significance, enter only the categories and subcategories listed in the instructions.
    [Show full text]
  • 2020 Water Shortage Contingency Plan
    2020 Water Shortage Contingency Plan Public Draft JUNE 2021 CITY OF FRESNO Photo Credit: Downtown Fresno Partnership CITY OF FRESNO Public Draft 2020 Water Shortage Contingency Plan JUNE 2021 Prepared by Water Systems Consulting, Inc. ACKNOWLEDGMENTS The 2020 Water Shortage Contingency Plan was prepared by Water Systems Consulting, Inc. The primary authors are listed below. Jeff Szytel, PE Lauren Cetin, EIT Rob Morrow, PE Heather Freed, PE Water Systems Consulting, Inc. would like to acknowledge the significant contributions of the City of Fresno, including the following staff. Director of Public Utilities Michael Carbajal Utilities Planning & Engineering Division Assistant Director Brock Buche, PE, PLS Supervising Professional Engineer Glenn Knapp, PE Professional Engineer Peter Maraccini, PE Water Division Assistant Director Bud Tickel Water System Manager Chris Carroll Water System Manager Russell Guilliams Business Manager Henry McLaughlin Water Conservation Supervisor Conrad Braganza Wastewater Division Wastewater Manager Rosa Staggs Operations Supervisor Cory Asher Reclamation Coordinator Setrag Cherchian TABLE OF CONTENTS 1.1 Introduction ................................................................................................................ 1 1.2 Water Supply Reliability Analysis .......................................................................... 2 1.3 Annual Water Supply and Demand Assessment ................................................... 3 1.3.1 Key Data Inputs.............................................................................................
    [Show full text]
  • Fresno Joint Powers Financing Authority
    NEW ISSUES — FULL BOOK-ENTRY RATINGS: (See “RATINGS”) In the opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel to the Authority, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Series 2017A Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 and interest on the Series 2017A/B Bonds is exempt from State of California personal income taxes. In the further opinion of Bond Counsel, interest on the Series 2017A Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although Bond Counsel observes that such interest is included in adjusted current earnings when calculating corporate alternative minimum taxable income. Interest on the Series 2017B Bonds is not excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount, accrual or receipt of interest on, the Series 2017A/B Bonds. See “TAX MATTERS.” $122,360,000 $23,920,000 FRESNO JOINT POWERS FINANCING AUTHORITY FRESNO JOINT POWERS FINANCING AUTHORITY LEASE REVENUE REFUNDING BONDS LEASE REVENUE REFUNDING BONDS (MASTER LEASE PROJECTS) (MASTER LEASE PROJECTS) SERIES 2017A SERIES 2017B (FEDERALLY TAXABLE) Dated:
    [Show full text]