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The Redevelopment Pool bonds are issued by the Association of Bay Area Governments and underwritten by Stone & Youngberg, the leading underwriter of municipal bond issues in California. The bond insurance provider is FSA Insurance Company, a premiere, Triple-A rated provider of municipal bond insurance. The Association's bond and disclosure counsel for the program is Jones Hall. FSA and Stone & Youngberg work closely with each prospective redevelopment agency to qualify them for inclusion in the program. The requirements are easily understood and most agencies will find the program's guidelines flexible and consistent with existing redevelopment program parameters. Being located in California gives the ABAG Redevelopment Team a tremendous advantage in evaluating redevelopment agencies' needs. Analysts and underwriting professionals from Stone & Youngberg and FSA fully understand the particular issues associated with California redevelopment financing, and both staffs are on hand to respond to inquiries and suggest creative solutions to issuers' specific problems. |