Menlo Park Fire Protection District

Certificates of Participation Series 2009*

The Menlo Park Fire Protection District plans to price approximately $11.9 million of Certificates of Participation on December 7 or 8, 2009. This page provides summary information on the proposed financing, links to the Preliminary Official Statement, preliminary and subject-to-change information on the expected bond maturities, and contact information should you be interested in purchasing some of these certificates. The certificates have qualified for an AA+ bond rating from Standard and Poor's.

Standard & Poor's Ratings Services Report
Standard & Poor's Ratings Services assigned its 'AA+' rating to Menlo Park Fire Protection District, Calif.'s $11.1 million 2009 certificates of participation issued by Public Property Financing Corp.

Proposed Maturities Schedule

The maturities schedule listed below is preliminary and subject to change. The Preliminary Official Statement (PDF) provides additional information on the sinking fund payments for the term certificates as well as the Optional and Special Early Call procedures for the certificates. It is likely that the amounts of bonds listed for the maturities will be modified at the final pricing.

Maturity Projected Par Amount
8/1/2012 $225,000
8/1/2013 230,000
8/1/2014 240,000
8/1/2015 245,000
8/1/2016 250,000
8/1/2017 260,000
8/1/2018 270,000
8/1/2019 285,000
8/1/2020 300,000
8/1/2021 315,000
8/1/2022 330,000
8/1/2029 Term 2,810,000
8/1/2039 Term 6,095,000
TOTAL $11,855,000

Pricing Schedule for the Certificates of Participation

It is anticipated that the certificates will be priced on December 7 or 8 based on market conditions. The financing is expected to close on December 23, 2009. If you wish to purchase any of the certificates, your order should be placed by no later than December 7.

For Additional Information

Piper Jaffray will be underwriting the certificates from their San Francisco Trading Desk. If you wish to obtain additional information on the certificates or are interested in purchasing some of the certificates, please contact Nick Denicke at 415 984-4669. You may purchase certificates directly from Piper Jaffray or through your broker-dealer, but coordination should take place through Nick Denicke.

* Subject to change. This is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering of these securities is made only by means of the Official Statement in such jurisdictions as they may be legally offered by Piper Jaffray.

Contacts

Nick Denicke
Piper Jaffray
San Francisco Trading Desk
E-mail | Tel: 415 984-4669