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OCII approves three financial-advisory contracts to support Transbay and housing bond sales
Summary
The Commission on Community Investment and Infrastructure approved three personal services contracts on Oct. 4 to secure financial advisory services for upcoming Transbay infrastructure and housing bond financings and a housing refunding, citing a target of roughly 3% net-present-value savings on refundings and an expected spring 2017 financing timetable.
The Commission on Community Investment and Infrastructure on Oct. 4 authorized three personal services contracts to support upcoming bond financings for Transbay infrastructure and new housing projects and a housing refunding.
Staff said the contracts are technical steps required to prepare and execute planned bond sales. John Daigle, OCII senior financial analyst, told commissioners the package includes a $37,000,000 Transbay infrastructure bond, roughly $113,000,000 in new-money housing bonds and a refunding of outstanding housing bonds. "Our general target is 3% net…
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