Specifications include, but are not limited to: The City of Santa Ana (City) is seeking proposals from qualified firms (Proposers) to serve as underwriter for the City’s proposed issuance of Water Enterprise Revenue Bonds. The bond proceeds will be used to complete multiple water infrastructure capital projects at a cost of approximately $40 million and to refund current bonds of the Water Enterprise. The City currently has Water Revenue Refunding Bonds, Series 2014 (2014 Bonds) which are rated “AA” by S&P. The 2014 Bonds currently have $8.905 million outstanding are callable at par beginning on September 1, 2024. The City intends to currently refund the 2014 Bonds as part of the proposed financing. Urban Futures, Inc. (UFI) is serving as Municipal Advisor to the City and Best Best & Krieger, LLP (BBK) is serving as Bond and Disclosure Counsel on the engagement. The City anticipates closing the transaction during the summer of 2024.
