The San Francisco Airport Commission refunds $110 million in fixed-rate revenue bonds with new variable-rate bonds to lower its overall interest cost.  •  The San Dieguito Union High School District responds to the turbulent auction-rate market by converting $90 million in ARS bonds to fixed-rate securities.  •  De La Rosa & Co. generates $41 million of retail orders to reduce yields and save the L.A. County Metropolitan Transportation Authority significant interest costs on a $25-million Sales Tax Revenue Bond issue.  •  The L.A. Community Redevelopment Agency obtains a strong investment-grade rating on a $12.5-million Taxable Tax-Allocation Bond issue for the Westlake Recovery Project.  •  Despite a tough market, Beverly Hills successfully refunds $31 million in water revenue bonds and $17 million in wastewater revenue bonds for economic savings.  •  The Gridley Redevelopment Agency clears various hurdles caused by tightening credit in the municipal market to successfully execute its first tax-allocation bond financing.  •  Riverside issues unenhanced Bond Anticipation Notes to mute the effects of the collapse of auction-rate securities and prudently control interest costs.  •  The Sacramento Regional County Sanitation District restructures $50 million in auction rate securities with better performing, direct pay variable-rate bonds backed by letters of credit.  • 
 

Generation Y
The Torrance-South Bay YMCA serves an area that ranges from toney Manhattan Beach to hardscrabble Harbor Gateway.

When Scott Henry was young, he learned to swim at the Van Nuys YMCA. Now. Henry and his wife look forward to enrolling their 4-year-old son in programs at the local Y.

The Henrys aren’t alone. The Torrance-South Bay YMCA is the largest local nonprofit community service organization, serving about one of every 10 residents in an area that ranges from toney Manhattan Beach to hardscrabble Harbor Gateway. More than 32,000 people are enrolled in programs offered at a half-dozen facilities.

“The Y is all about diversity. One of our missions is giving people from all types of backgrounds a place to get together.”

Henry, a De La Rosa & Co. Vice President, has served on the Y’s Board of Directors for two years, and currently sits on the Major Gifts and Golf committees.

“The Major Gifts committee raised more than $430,000 in eight weeks soliciting donations from YMCA supporters, and the Golf Committee is setting up a tournament in May to raise funds.”

De La Rosa is a sponsor of the Torrance-South Bay YMCA’s Chairman’s Round Table.
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