Colorado's St. Vrain School District Looks to Future With $96M GO Sale

Albanese, Elizabeth
April 2003
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p6
Trade Publication
Saint Vrain Valley School District in Denver, Colorado will sell on April 8, 2003, 96.2 million dollars of general obligation bonds, the first installment of debt to be sold from a 212 million dollar bond authorization approved by voters in November 2002. UBS PaineWebber Inc. and George K. Baum & Co. are joint managers for the deal, which will finance a number of refurbishments and renovations, as well as two new elementary schools and two new middle schools. Saint Vrain caught the attention of the market in 2002 when finance officials announced that an error in payroll software had created an approximately 13 million dollar budget deficit. News of the shortfall came just as voters were expected to go to the polls in November 2002 for the Saint Vrain bond referendum, and some voters alleged that district finance officers had concealed the problem to keep the bond election on course.


Related Articles

  • Error by UBS Delays Completion of $800M N.Y.C. GO Deal. McKaig, Ryan // Bond Buyer;1/15/2003, Vol. 343 Issue 31553, p36 

    Reports that the completion of a purchase agreement on 800 million dollars in New York City tax-exempt general obligation bonds was delayed as of January 2003 because of problems with the work done by lead manager of the deal, UBS Paine Webber Inc. Details of the error committed by UBS in the...

  • Milwaukee Delays Most of QSCB Deal. Shields, Yvette // Bond Buyer;12/16/2009, Vol. 370 Issue 33234, p1 

    The article reports on the sale of Milwaukee Public Schools' qualified school construction bond issue for about 12 million U.S. dollars. It mentions that Milwaukee, Wisconsin has taken the bid after receiving six bids from two underwriters which are Stifel Nicolaus & Co. and George K. Baum & Co....

  • Denver school district rejects adviser because of possible adverse publicity. Preston, Darrell // Bond Buyer;04/29/98, Vol. 324 Issue 30382, p1 

    Reports on the rejection of the free services offered by investment adviser George K. Baum & Co. by the Denver school district in Colorado to prevent adverse publicity. District's plans of issuing a $300 million to $500 million worth of general obligation bonds; District's efforts in preventing...

  • Anchorage Wants $262M Refunding This Week, But Market Iffy. Saskal, Rich // Bond Buyer;3/29/2004, Vol. 347 Issue 31851, p44 

    Reports that the Anchorage, Alaska has tried to refund interest rates of individual bonds. Evaluation of the market condition; Creation of the bond authorization calls; Negotiation of a deal led by George K. Baum & Co.

  • Connecticut's 1st GO Sale of Year Hits Market; Officials Optimistic. Peacock, Wayne // Bond Buyer;4/19/2002, Vol. 340 Issue 31369, p1 

    Reports the sale of general obligation bonds in response to budget deficits in Connecticut. Roles of P.G. Corbin & Co. and UBS Paine Webber Inc. in the project; Transactions of the government with the University of Connecticut, Waterbury and Connecticut State University for the sale; Success of...

  • Smith Barney, UBS Paine Webber Likely to Handle W.Va. $4B Deal. Floyd, Daniel F. // Bond Buyer;6/27/2001, Vol. 336 Issue 31169, p40 

    Reports on West Virginia's expected confirmation of Salomon Smith Barney and UBS PaineWebber Inc. as managing underwriters for its proposed $4 billion pension bond deal. Pension funds which will be financed by the deal; Legal hurdles to the bond issue.

  • Anchorage Selling $162 Million of GOs for Roads, Schools.  // Bond Buyer;8/20/2003, Vol. 345 Issue 31702, p3 

    Reports on the plan of Anchorage county in Alaska to issue $161.7 million of general obligation bond in a new-money deal being led by financial services company George K. Baum & Co. Utilization of proceeds from the bonds; Bond counsel of the deal; Ratings of the deal assigned by credit rating...

  • Boston's Wentworth Institute to Refund $15M. Scarchilli, Michael // Bond Buyer;12/12/2005, Vol. 354 Issue 32276, p4 

    The article reports on the refunding of $15.1 million debt with a variable-rate demand bond sale by the Wentworth Institute of Technology in Boston, Massachusetts. The Massachusetts Development Finance Agency approved the transaction on December 8, 2005. The bond will be marketed by underwriter...

  • IRS, Pennsylvania Health Agency Settle. Ferris, Craig T. // Bond Buyer;7/6/2004, Vol. 349 Issue 31919, p4 

    Reports on the Northeastern Pennsylvania Hospital and Education Authority's closing agreement with the U.S. Internal Revenue Service (IRS) to settle an audit of variable-rate demand revenue bonds issued in 1996 for the All-HEALTH pooled financing program. Protection of the tax-exempt status of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics