Parker & Covert LLP has substantial experience in all facets of financial advice, and we are able to provide construction-related services, Measure S, and facilities issues. Our office is also responsible for a joint venture with a private developer for the construction and operation of a 155-unit senior rental housing project on 5.5 acres of surplus real property owned by, and adjacent to, the Cerritos Community College District. Over the 40 year lease term of the approximate $14 million senior housing project, it is projected that the District will receive in excess of $28 million in rental income. The transaction has been structured so that the District will receive rental amounts under the ground lease on the property, as well as a percentage of the gross income from the housing project. We have also recently negotiated a joint use and lease agreement between the Tahoe-Truckee Unified School District and the Boys and Girls Club of North Lake Tahoe for the construction and joint operation of an approximate $5.5 million center, consisting of a multi-purpose room, indoor/outdoor stage, community room, athletic equipment/office room, and other related rooms.

In this regard, we have assisted many districts in the establishment of Community Facilities Districts (“CFD”) to construct public schools. Over the last 18 years, we have created 24 community facilities districts for a unified school district in Riverside County and eight community facilities districts for a unified school district in San Bernardino County. Several of these CFDs have been formed with the school district being the lead agency with respect to cities and special districts. We have also been a participant as issuer counsel in numerous other financings of Mello-Roos bonds, in addition to many other types of bond, note, and certificate of participation transactions.

A partial list of financing transactions that we have handled includes the following:
$62,295,000 Etiwanda School District Public Financing Authority 2008 Local Agency Revenue Refunding Bonds, January 30, 2008

$5,615,000 Community Facilities District No. 06-1, Corona-Norco Unified School District, Series 2007 Special Tax Bonds, December 20, 2007

$7,090,000 Victoria Gardens Public Facilities Community Facilities District No. 2007-1 of the Etiwanda School District – 2007 Special Tax Bonds, December 12, 2007

$10,300,000 Henderson Creek Public Facilities Community Facilities District No. 2004-2 of the Etiwanda School District 2007 Special Tax Bonds, November 13, 2007

$49,910,000 Fontana Unified School District Certificates of Participation (2007 Financing Project), May 15, 2007

$75,000,000 Corona-Norco Unified School District (Riverside County, California) Election of 2006 General Obligation Bonds Series A, June 14, 2007

$70,443,480.25 Newport-Mesa Unified School District General Obligation Bonds, Election of 2005, Series 2007, January 4, 2007

$15,335,000 Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Bonds 2006 Series B, December 6, 2006

$6,000,000 Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Bonds, 2006 Series A, July 12, 2006

$25,000,000 Corona-Norco Unified School District Certificates of Participation (“2006 School Facility Bridge Funding Program”), October 12, 2006

$50,000,000 Corona-Norco Unified School District Certificates of Participation (“2005 School Facility Bridge Funding Program”), November 17, 2005

$26,145,000 Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Refunding Bonds, 2005 Series B, July 28, 2005

$2,050,000 Fullerton Joint Union High School District Community Facilities District No. 2005-1, Special Tax Bonds, Series 2005, April 28, 2005

$14,030,000 Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Bonds, 2005 Series A, April 13, 2005

$6,815,000 Coyote Canyon Public Facilities Community Facilities District No. 2004-1 of the Etiwanda School District 2005 Special Tax Bonds (Improvement Area No. 1), April 6, 2005

$10,000,000 Community Facilities District No. 9 of the Etiwanda School District 2005 Special Tax Bonds, March 24, 2005

$16,625,000 principal amount of Covina Valley Unified School District 2004 Certificates of Participation, December 16, 2004

$12,610,000 principal amount of the Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Bonds, 2004 Series A, October 19, 2004

$13,865,000 principal amount of Community Facilities District No. 03-1 of the Corona-Norco Unified School District Series 2004 Special Tax Bonds, March 30, 2004

$4,020,000 principal amount of Corona-Norco Unified School District Community Facilities District No. 02-1 2004 Special Tax Bonds, February 12, 2004

$70,000,000 Newport-Mesa Unified School District General Obligation Bonds, Election 2000, Series 2003, November 10, 2003

$26,760,000 Corona-Norco Unified School District Community Facilities District No. 98-1 2003 Special Tax Bonds, September 10, 2003

$8,180,000 Corona-Norco Unified School District Public Financing Authority Special Tax Revenue Bonds, 2003 Series A, September 5, 2003

$2,690,000 Community Facilities District No. 00-1 of the Corona-Norco Unified School District Series 2003 Special Tax Bonds, July 24, 2003

$30,000,000 Covina Valley Unified School District General Obligation Bonds, 2001 Election, Series B, June 19, 2003

$3,850,000 Community Facilities District No. 2001-2 of the Corona Unified School District Improvement Area B, Series 2003 Special Tax Bonds, March 20, 2003

$7,111,787.00 Turlock Unified School Districts Lease/Purchase July 25, 2015

$21,885,000.00 Turlock Unified School District General Obligation Bonds July 25, 2015

$18,435,000.00 Visalia Unified School District Certificates of Participation June 25, 2015

$26,100,000.00 Visalia Unified School District General Obligation Bonds June 18, 2015

$7, 385,000.00 Davis Joint Unified School District Special Tax Bonds June 9, 2015

$20,000,000.00 Rio Elementary School District General Obligation Bond June 4, 2015

$6,380,000.00 Rio Elementary School District Certificates of Participation June 4, 2015

$6,165,000.00 Red Bluff Joint Union High School District Refunding Certificates of Participation May 14, 2015

$5,900,000.00 Colusa Unified School District General Obligation Bonds May 5, 2015

$5,975,000.00 Yolo County Board of Education Refunding Certificates of Participation April 29, 2015

$3,510,000.00 River Delta Unified School District General Obligation Refunding Bond February 25, 2015

$3,570,000.00 Yuba City Unified School District General Obligation Refunding Bond February 19, 2015

$7,775,000.00 Tracy Area Public Facilities Financing Agency Community Facilities District Special Tax Refunding Bonds January 7, 2014

$27,345,000.00 Rio Elementary School District Special Tax Refunding Bond December 18, 2014

$13,845,000.00 Yuba City Unified School District General Obligation Refunding Bonds December 9, 2014

$33,490,000.00 Marysville Joint Unified School District General Obligation Refunding Bonds November 13, 2014

$5,550,800.00 River Delta Unified School District General Obligation Refunding Bonds November 4, 2014

$1,415,000.00 Cambrian School District General Obligation Refunding Bonds September 23, 2014

$25,967,063.10 David Joint Unified School District Certificates of Participation August 7, 2014

$27,000,000.00 Arcadia Unified School District General Obligation Bonds June 26, 2014

$3,100,000.00 Yuba County Board of Education Lease/Purchase August 20, 2014

$5,810,000.00 Bear Valley USD Certificates of Participation November 13, 2013

$28,000,000.00 Rio School District Special Tax Bonds November 7, 2013

$11,510,000.00 Cambrian School District General Obligation Bonds September 17, 2013

$27,265,000.00 Natomas Unified School District General Obligation Bonds June 6, 2013

$8,475,000.00 Turlock Unified School District General Obligation Bonds May 15, 2013

$33,999,971.00 Visalia Unified School District General Obligation Bonds April 25, 2013

$8,025,000.00 Santa Clara Unified School District Certificates of Participation February 21, 2013

$22,005,000.00 County of Yolo Qualified Zone Academy Bonds Certificates of Participation December 27, 2012

$3,410,000.00 County of Yolo Certificates of Participation December 27,2012

$645,000.00 County of Yolo Certificates of Participation December 27, 2012

$49,615,000.000 Fairfield Suisun Unified School District General Obligation Bonds November 14, 2012

$7,306,260.00 Washington Unified School District Lease October 23, 2012

$18,376,098.50 Marysville Joint Unified School District Certificates of Participation July 17, 2012

$27,037,815.50 Los Alamitos Unified School District Certificates of Participation June 27, 2012

$17,450,000.00 Davis Joint Unified School District Special Tax Refunding Bonds June 6, 2012

$18,165,000.00 Natomas Unified School District General Obligation Bonds May 19, 2012

$1,870,000.00 Lennox School District General Obligation Bonds March 7, 2012

$1,357,217.45 Lennox School District General Obligation Bond March 1, 2012

$3,000,000.00 Lennox School District General Obligation Bonds February 22, 2012

$30,995,000.00 Fairfield Suisun Unified School District General Obligation Bonds November 16, 2011

$3,000,000.00 Fairfield Suisun Unified School District Equipment Lease/Purchase October 26, 2011

$9,475,000.00 Davis Joint Unified School District General Obligation Refunding Bonds August 18, 2011

$6,324,000.00 Yuba Community College District Qualified Energy Conservation Bonds June 3, 2011

$9,200,000.00 Santa Barbara Secondary/High School District Qualified School Construction Bond May 18, 2011

$14,998,228.70 Santa Barbara Elementary District General Obligation Bond May 18, 2011

$14,998,228.70 Santa Barbara Elementary District General Obligation Bond May 18, 2011

$15,798,210.65 Santa Barbara Secondary/High School District General Obligation Bond May 18, 2011

$3,875,000.00 Winters joint Unified School District General Obligation Bonds October 26, 2010

$9,000,000.00 Davis Joint Unified School District Tax and Revenue Anticipation Notes July 1, 2010

$9,600,000.00 David Joint Unified School District General Obligation Refunding Bonds May 6, 2010

$1,535,000.00 Marysville Joint Unified School District Lease Purchase February 3, 2010