State Treasurer John Kennedy Announces Statewide Bond Commission Approvals
BATON ROUGE, LA --
The State Bond Commission met on October 19 and approved funding for a variety of projects statewide, according to State Treasurer John Kennedy.
Central and North Louisiana - $1.02 million in bonds for the city of Marksville in Avoyelles Parish to refinance debt, saving taxpayers $68,388. - A $200,000 loan for the Madison Parish Police Jury to fund current expenses. - $9 million in bonds for the city of Shreveport in Bossier and Caddo Parishes to finance a cargo freight facility at Shreveport Regional Airport.
- $12.5 million in GO Zone bonds (preliminary approval) for the Hospital Service District No. 1 in East Baton Rouge Parish to construct two medical office facilities for the benefit of Lane Regional Medical Center and to construct and renovate an office building for the Zachary Family Practice Group. - $1.268 million in bonds (preliminary approval) for the Sewerage District No. 4 in Pointe Coupee Parish for sewerage system improvements. - $3.5 million in bonds for the Louisiana Community Development Authority to purchase property and design, develop, construct and equip an office building to house the corporate headquarters of the Provident Foundation in Baton Rouge. - $17.5 million in bonds for the Health Care Community Development Corporation to finance the cost of renovation an obstetrics unit, renovate and expand a family medicine residency clinic, and refinance an existing USDA loan of the Bogalusa Community Medical Center. - $85 million in bonds (final approval) and $15 million in bonds (preliminary approval) for the Louisiana Public Facilities Authority to finance design and construct courthouse facilities for the Nineteenth Judicial District Court, Family Court of East Baton Rouge Parish. - $5 million in bonds for the Louisiana Public Facilities Authority to make waterworks system improvements and extensions in Pelican Point.
Southwest Louisiana - A $470,000 loan for the Beauregard Parish Police Jury for resurfacing and improving parish roads. - A $500,000 loan for the Calcasieu Parish Assessment District to fund current year expenses. - A $2.5 million loan for the Lower Cameron Parish Hospital Service District for the operation and maintenance of hospital facilities. - $2.075 million in bonds (preliminary approval) for the Northwest Allen Parish Waterworks District to pay a portion of the costs of waterworks system improvements. - $2.3 million in bonds for the Beauregard Parish School Board Parishwide School District to refinance debt, saving $86,743. - $1.5 million in bonds for the Waterworks District No. 8 of Wards 3 and 8 in Calcasieu Parish to refinance debt, saving $61,164. - $28 million in bonds for the Industrial Development Board of the city of DeRidder to finance the cost of renovating, improving and expanding its tall oil refinery. - $5 million in GO Zone bonds (preliminary approval) for the Calcasieu Parish Public Trust Authority to provide financing for the acquisition and construction of a large animal veterinary clinic and equine center destroyed by Hurricane Rita to be located in Vinton. - $500,000 in GO Zone bonds for the Calcasieu Parish Public Trust Authority to finance the reconstruction of a building and a warehouse facility destroyed by Hurricane Rita, which formerly housed a janitorial chemical supply company in Lake Charles. - $750,000 in GO Zone bonds for Calcasieu Parish Public Trust Authority to finance the reconstruction of a building destroyed by Hurricane Rita, which formerly housed National Networks in Lake Charles. - $15 million in GO Zone bonds for Calcasieu Parish Public Trust Authority to assist low to moderate income homebuyers in the Imperial Calcasieu Parish area. - A $300,000 loan for the village of Cankton in St. Landry Parish to drill a new water well. - $40 million in GO Zone bonds for the Lafayette Economic Development Authority to finance the acquisition, construction and installation of a shopping center facility. - $8 million in bonds for the Industrial Development Board in Lafayette Parish to finance an economic development project, including without limitation, infrastructure improvements relating to a shopping center. - $7.5 million in GO Zone bonds for the Louisiana Public Facilities Authority to provide funds for financing or reimbursing the acquisition, construction and equipping of a new three-story, 100-key hotel with meeting space and business center to be located in New Iberia. - $3.5 million in bonds for the Louisiana Public Facilities Authority to finance the acquisition and construction of three forced draft aerators to improve New Iberia’s water system. - $1.7 million in bonds for the Lafayette Parish Waterworks District North for waterworks system improvements.
New Orleans Area - A $3.78 million loan for the Waterworks District No. 1 in Assumption Parish to refinance debt to make waterworks system improvements. - A $2 million loan for the Recreation District #1 in St. Tammany Parish to acquire, construct and improve parks, playgrounds, recreation centers and other recreational facilities. - A $200,000 loan for the Ponchatoula Area Recreation District No. 1 in Tangipahoa Parish to finance the acquisition of a piece of property adjoining an existing recreational park facility and for the expansion of existing football, softball, baseball and soccer facilities. - $8 million in GO Zone bonds for the St. Tammany Parish Development District to finance the acquisition, construction and installation of a retail shopping center. - $4.5 million in bonds for the city of Mandeville in St. Tammany Parish to refinance debt, saving $164,765. - $890,000 in bonds for the Hammond Area Economic and Industrial Development District to finance additional improvements to an industrial/business park. - $7.7 million in bonds for the Coves of the Highland Community Development District in Tangipahoa Parish for infrastructure and waterworks system improvements. - $200 million in GO Zone bonds (preliminary approval) for the Industrial Development Board in New Orleans to finance the acquisition, construction and equipping of an iconic 25 plus story building including a 242 room five star hotel. - $10 million in GO Zone bonds (preliminary approval) for the Louisiana Public Facilities Authority to acquire and construct a new automobile dealership in Marrero; to acquire and construct a new automobile showroom in Harvey; to purchase two parcels of land in Kenner; and demolish existing buildings and acquire and construct an office building in Metairie. - $20 million in bonds (preliminary approval) for the Louisiana Public Facilities Authority to finance the reconstruction, rehabilitation, restoration, construction, furnishing, improving and equipping of school buildings, office buildings and other facilities owned and operated by the Diocese of Houma-Thibodaux. - $55 million in GO Zone bonds for the Jefferson Parish Finance Authority to provide mortgage loans to low and moderate income persons in Jefferson Parish. - $9 million in GO Zone bonds for the Louisiana Public Facilities Authority to construct, renovate and expand an existing two-story, 177-key hotel with restaurant, banquet and meeting space located in Covington in St. Tammany Parish. - $80 million in bonds for the Louisiana Public Facilities Authority to finance the rehabilitation and improvements of school buildings, office buildings, nursing homes and other facilities owned and operated by the Archdiocese of New Orleans. - $100 million in bonds for the Finance Authority of New Orleans to provide mortgage loans to low and moderate income families in New Orleans.
Statewide Bond Commission approvals include $21
million in bonds for the Louisiana Housing Finance Agency to refinance multiple
Section 8 elderly assisted projects. The commission also approved $169.5 million
for the Louisiana Public Facilities Authority to provide student loans to
parents and students with interest rates that may be below those established by
the U.S. Department of Education.
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