Ridgeline Municipal Strategies, LLC served as a municipal advisor to the Lake County Fire Protection District on recent issuance of the District's $3,836,000 Financing Lease Agreement - Taxable Pension Liability Refunding (2022), privately placed as a bank loan.
Ridgeline provided the following services to the District:
Ridgeline helped the District develop and implement a comprehensive pension cost optimization strategy and a pension liability management policy. A portion of the Unfunded Accrued Liability with CalPERS was refunded through issuance of a taxable lease agreement to achieve cash flow savings. The lease agreement was privately placed as a bank loan. The Project allows for greater fiscal resiliency of the District and better utilization of taxpayer funds.
Ridgeline Municipal Strategies, LLC is an independent registered municipal advisory and financial consulting firm.
Contact Ridgeline to discuss your financing and pension cost optimization needs.
2022 annual debt transparency reports must be filed with CDIAC by January 31, 2023. Find out here who needs to file.Read this post
Ridgeline's assessment of CalPERS' FY2022 investment loss and its impact on the CalPERS member agencies.Read this post
Ridgeline served as a municipal advisor on the issuance of $5,278,000 pension obligation bonds for the Alpine Fire Protection District.Read this post