Mountain House Community Services District (MHCSD)

$128,625,000 Utility Systems Revenue Bonds ( $91,325,000 Series 2020A  /  $37,300,000 Subordinate Series 2020B )   Mountain House Community Services District (MHCSD) is a master planned community in Northwestern San Joaquin County. As residential and commercial developers build out the community, vital infrastructure is installed and/or oversized to accommodate future, planned growth – which is…

Calexico Financing Authority (City of Calexico)

$16,255,000 Water Revenue Bonds and $22,715,000 Wastewater Revenue Bonds, July 2020 The City of Calexico (“City”) successfully issued Water and Wastewater Revenue Bonds through the Calexico Financing Authority to finance the construction of improvements to the City’s Water and Wastewater systems, as well as to refund previously outstanding Water Revenue Bonds for savings. The Bonds…

City of Carson

$108,020,000 Taxable Obligation Bonds, June 2020 The City of Carson successfully issued $108,020,000 in Taxable Obligation Bonds in June 2020. The proceeds of the bonds refinanced the City’s Unfunded Accrued Liability (UAL) with CalPERS. The True Interest Cost (TIC) of 3.42% on the taxable bonds is significantly lower than the rate of the refinanced debt.…

Kensington Police Protection and Community Services District

$4,544,000 Taxable Pension Obligation Bond, June 2020 Kosmont Transactions Services ("KTS") served as Municipal Advisor to the Kensington Police Protection and Community Services District for its successful issuance of a $4,544,000 Taxable Pension Obligation Bond in June 2020. The District had a substantial Unfunded Accrued Liability (UAL) with the California Public Employees’ Retirement System that…

City of San Dimas

$3.3 Million Civic Center Lease Refunding (Private Placement) Kosmont Transactions Services ("KTS") was the Municipal Advisor to the City of San Dimas on a unique transaction that closed in March 2020. San Dimas issued bonds in 2010 to rehabilitate its Civic Center. With the low prevailing interest rates, KTS identified an opportunity in the fall of…

City of Placentia

$52,950,000 Lease Revenue Bonds Series 2020A (Federally Taxable) Kosmont Transactions Services, Inc. (KTS) was instrumental in reducing the overall pension costs of City of Placentia (City) by developing and implementing a groundbreaking financing structure where taxable Lease Revenue Bonds were issued by the City to refinance its pension debt. Like many government agencies, the City…

City of Montebello

Real Estate and Financial Advisory – Interim City Administrator, 2011/12 The City of Montebello was caught without a safe harbor when the U.S. recession hit, as it had spent its reserves and suffered from inadequate and outdated accounting systems and records, City Council recalls, City Administrator vacancies and turnover, a hostile credit environment, and negative…

City of South Gate

$34,170,000 Water/Wastewater Revenue Bond Financing, 2012 Serving in the capacity of real estate, economic development and financial advisor, Kosmont entities have been retained by the City of South Gate, California since 2003. One such project of which we are particularly proud is the "azalea" project, which is now a 370,000 square foot 32-acre regional retail…

City of Lynwood

$10,595,000 Tax Allocation Bond Financing, 2013 The former Lynwood Redevelopment Agency had $10 million in outstanding tax allocation bonds (TABs) which were paying higher interest rates than prevailing market rates at the time. The City of Lynwood, acting as Successor Agency to its former Redevelopment Agency, saw an opportunity to refinance this obligation in order…

City of Oxnard

$15,380,000 Lease Revenue Bond Financing (Financing & Development of Fire Station - P3 Project Delivery), 2014 The City of Oxnard needed a new fire station to serve the additional urban growth that occurred in the previous decade but did not want to assume the financing or construction risks associated with the development of the project.…