Urban Futures, Inc. (UFI) has been selected via competitive bid process to work with several California cities to complete financing projects.
“Success through the competitive bid process validates the quality of services offered by UFI,” said Mike Busch, CEO of Urban Futures, Inc. “Not only do our clients return to the firm because of the high quality services, municipalities are electing to work with us over other firms based on our competitive pricing, depth of talent and history in the industry.”
UFI was the successful candidate in the City of Madera for a bond refunding project. Located north west of Fresno, Madera is home to over 6o thousand residents and this refunding will result in significant savings to the taxpayers as bond repayment continues.
The City of Azusa also hired UFI through the competitive process to perform a Tax Allocation and Community Facilities District Bond Refunding. By capitalizing on better interest rates, individual property owners will realize savings to their property tax bill through this process.
Bond refundings result in substantial savings for municipalities. By refinancing their existing bonds, cities receive a lower interest rate. The life of the bond is not extended and the financing period remains the same, but significant savings can be realized through the rate reduction.
The City of Banning has hired UFI via competitive bid process to issue a utility bond for infrastructure improvements in the City. The City of Banning is both an electric and water utility. The bond funds will result in increasingly reliable service for current and future residents of the City.
As the portfolio of UFI client expands across the State, UFI leadership is always eager to participate in the competitive bid process, measuring success against competing firms. Agencies interested in refunding and issuing bonds should contact Mike Busch at (714) 283-9334 or firstname.lastname@example.org.
Urban Futures, Inc. has been providing services to local governmental agencies for over 42 years. Recently restructured into three divisions – UFI Public Management Group, UFI Public Finance Group and Isom Advisors – UFI offers clients a growing portfolio of services and industry expertise that might otherwise be out of reach. Over 300 public agencies have benefited from partnering with UFI. UFI is based in Orange, CA with offices in Walnut Creek and Bakersfield. Visit their website at www.urbanfuturesinc.com or call (714) 283-9334.