State Treasurer John Kennedy Announces Statewide Bond Commission ApprovalsBATON ROUGE, LA -- The State Bond Commission met December 20 and approved funding for a variety of projects statewide, according to State Treasurer John Kennedy.
“This funding will help local governments continue to provide much-needed services to Louisiana residents,” said Treasurer Kennedy. “Projects this month ranged from school and waterworks system improvements to affordable housing and hurricane recovery.”
The Bond Commission approved:
Central and North Louisiana - A $3 million loan for the Caddo Parish School Board to finance repairs to schools and facilities. - $200,000 in bonds (preliminary approval) for Tensas Parish, Town of St. Joseph to finance public improvements including a new town hall and facilities. - $2.3 million in bonds for Jackson Parish, Town of Jonesboro for waterworks system improvements. - $200,000 in bonds for Vernon Parish, Town of Rosepine to finance a new municipal building, equipment and furnishings. - $2.86 million in bonds for the Louisiana Public Facilities Authority (Tallow Wood Apartments Project) to refinance debt.
- $6.36 million in bonds for the LPFA (Wright
Island Apartments Project) to refinance debt. - An $8 million loan for the Livingston Parish School Board to construct a new elementary school in School District No. 4 (Walker) and to acquire equipment and furnishings. - An $80,000 loan for the West Baton Rouge Parish Fire Protection District No. 1 to repair a fire truck for Fire Protection Subdistrict No. 6 (Rosehill). - $11 million in bonds for the Louisiana Housing Finance Agency (The NHP Foundation Project) to finance residential rental facilities (Goodwood Place Apartments and Towne Oaks Apartments) serving low to moderate income families in Baton Rouge. - $1.5 million in bonds for the LHFA (Oakwood Estates Apartments Project) to finance a multifamily residential rental facility in Hammond. - $25 million in bonds (preliminary approval) for the Louisiana Public Facilities Authority (General Health System Project) to acquire a medical office building adjacent to the medical center’s Bluebonnet hospital facility and to finance or reimburse the center for equipment.
- $25 million in bonds (preliminary approval)
for the LPFA (The Baton Rouge Water Works Company Project) to finance
improvements to water system facilities. Southwest Louisiana - A $1 million loan for Calcasieu Parish, City of Sulphur to reimburse a portion of the cost of the newly constructed Stine Corporate Office, main store and associated buildings. - A $225,422 loan for Iberia Parish, Sewerage District No. 1 for sewerage system improvements and extensions in the Timberstone Subdivision Sewerage Project. - A $524,354 loan for the Iberia Parish Council for street paving improvements along certain streets within the issuer’s corporate limits and outside of municipal corporations (Timberstone Subdivision Project). - A $300,000 loan for Jefferson Davis Parish, Fire Protection District No. 3 to purchase a fire truck and other fire fighting equipment. - $1.5 million in bonds for Cameron Parish, Waterworks District No. Eleven for waterworks system improvements. - $6.34 million in bonds for the Iberia Parish School Board, Parishwide School District to refinance debt, saving taxpayers $374,883. - $250,000 in bonds for Vermilion Parish, Village of Maurice for waterworks system improvements. - $1.5 million in bonds for the Louisiana Housing Finance Agency (Breaux Bridge Broussard Apartments Project) for the rehabilitation of a multifamily residential rental facility in Breaux Bridge. - $1.2 million in bonds for the LHFA (Candlewood Estates Apartments Project) for the rehabilitation of a multifamily residential rental facility in Jeanerette. - $10 million in bonds for the Industrial Development Board of the Parish of Jefferson Davis, Louisiana, Inc. (Zagis USA, LLC Project) to finance a textile manufacturing facility in Lacassine. - $6 million in bonds for the Louisiana Public Facilities Authority (Prompt Succor Nursing Home Project) to finance a skilled nursing facility and accompanying ancillary in Opelousas. The approval is subject to the completion of a swap agreement. - $10 million in bonds for the Calcasieu Parish Public Trust Authority (South Louisiana Facilities Corporation – Sowela Technical Community College Classroom Project) to construct new classroom, office and educational facilities at Sowela Technical Community College in Lake Charles. The approval is subject to the completion of a cooperative endeavor agreement.
- $11.5 million in bonds for the Calcasieu
Parish School Board, School District No. 21 for acquiring and improving lands
for building sites and playgrounds, school buildings and other school related
facilities. New Orleans - A $2 million loan for Jefferson Parish, West Jefferson Levee District to finance a hurricane-proof work facility to ensure the safety of residents and the integrity of levees. - An $8 million loan for St. Charles Parish, Hospital Service District No. 1 to pay expenses. The approval is subject to the loan not being issued until 2008 and the payment of prior loans. - A $200,000 loan for the St. John the Baptist Parish Council to acquire fire fighting equipment for the West Bank Volunteer Fire Department. - A $630,000 loan for St. Tammany, Fire Protection District No. 1 to purchase fire trucks and other fire fighting and emergency equipment. - $20 million in bonds for the St. Tammany Parish Development District (Canterbury House II - Slidell, LLC Project) to finance a multifamily rental housing facility in Slidell. - $50 million in bonds for the St. Tammany Parish Development District (Florida Marine Transporters, Inc. Project) to finance the acquisition of new vessels. - $240,000 in bonds for St. Tammany Parish, Sub-Drainage District No. 2 of Gravity Drainage District No. 5 (Meadowbrook Subdivision) to finance drainage system improvements. - $27 million in bonds (preliminary approval – GO Zone project) for the New Orleans IDB (Josephine Loft, LLC Project) to finance a mixed-use multifamily housing facility, retail space and a warehouse to be located in New Orleans. - $35 million in bonds (preliminary approval – GO Zone project) for the New Orleans IDB (NOLA xStay, LLC Project) to finance an extended-stay hotel to be located in New Orleans. - $84.4 million in bonds (preliminary approval – GO Zone project) for the New Orleans IDB (Carnival Hospitality, LLC Project) to finance a four-star hotel, conference center and tourist center to be located on S. Louis Street in New Orleans. - $8 million in bonds (GO Zone project) for the New Orleans IDB (Robert Fresh Markets Project) to finance a full-service supermarket to be located on Robert E. Lee Blvd. and a full-service supermarket to be located on Claiborne Avenue in New Orleans.
- $1.14 million in bonds for the New Orleans
IDB (Nine 27 Apartments Project) to finance a portion of the cost of a
multifamily residential rental facility and parking space at Constance and
Poeyfarre Streets in New Orleans.
The Bond Commission also approved $200 million in
bonds for the Louisiana Community Development Authority to finance the
construction, improvement and expansion of public facilities of the Louisiana
Community and Technical College System. The commission also granted the LPFA’s
request to increase the amount of bonds issued for the Drinking Water Revolving
Loan Fund Match Project by $5 million due to an increase in grants approved by
Congress. |
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