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.  • 
 

Swinging a Big Club
The chatter inside the state of the art clubhouse centers on computers and tutoring, dance and basketball, sportsmanship and spirituality.

The Watts-Willowbrook Boys & Girls Club is a block east of Central Avenue and 120th Street. The WWBGC may be a stone’s throw from some of Los Angeles’ meanest streets, but the chatter inside the state of the art clubhouse centers on computers and tutoring, dance and basketball, sportsmanship and spirituality.

The WWBGC has accomplished much in its 50 years, thanks in large part to generous support from the L.A. Times, Lakers, Disney Studios and many others. The Black Eyed Peas are currently building an arts and music studio at the Club. Executive Director Les Jones said it takes more than corporate sponsors to keep the Club going. It takes scores of volunteers to raise funds necessary for daily operations.

“Those partnerships help create the shell,” Jones said, “but they don’t pay the staff or keep the lights on. That’s what’s so important about our volunteers’ work raising funds.”

Raul Amezcua, a De La Rosa & Co. Principal, has been an active member of the WWBGC Golf Committee for six years. The annual tournament, to be held in August at the Palos Verdes Country Club, raises a substantial share of the Club’s operating funds.

“The WWBGC makes a real difference in our city,” Amezcua said. “Thousands of kids are getting the after-school activities and other resources we all need as we’re growing up. It’s an honor to help such an effective program thrive.”
Back to Corporate Citizenship