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.  • 
 

Steel Magnolias
The head of De La Rosa & Co.'s Municipal Bond Sales Department walks for a personal cause.
Count on Jane Alexander to stand out in a crowd, even surrounded by 50,000 people in the Los Angeles Memorial Coliseum. This May, Alexandar and several friends will participate in their seventh Revlon Run-Walk to fight women's cancers. The head of De La Rosa & Co.'s Municipal Bond Sales Department walks for a personal cause.

"Judy Dunlap was one of my best friends. Judy was in the municipal bond business for about 25 years, and fought a brave fight with breast cancer for 10 years. The first year we walked was 2001, a year after she died." Alexander said.

"When my friend Lisa Montebone first put the group together, we named ourselves the Steel Magnolias in honor of Judy. She was from Alabama and was a true Steel Magnolia."

Last year, about 30 Steel Magnolia walkers raised $7,500. Their goal is to raise $10,000 this year. De La Rosa is sponsoring Alexander. More information is available online at www.revlonrunwalk.com/la/html.main/home07.html about the May 12 Revlon Run-Walk.
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