Ridgeline Municipal Strategies, LLC served as a municipal advisor to the Alpine Fire Protection District on recent issuance of the District's $5,278,000 Taxable Pension Obligation Bonds (2022), privately placed as a bank loan.
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 pension obligation bonds to achieve cash flow savings. The pension obligation bonds were 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.
Ridgeline's assessment of CalPERS' FY2024 investment performance and its impact on the CalPERS member agencies.
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Fire station and apparatus financing is complex. Here we explore the 8 most common financing mistakes made by fire departments.
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Fire mitigation fees help fire departments get funding for new facilities and apparatus. Ridgeline’s best practices guide shows how to plan, implement, and manage fire mitigation fees for maximum impact.
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Ridgeline served as a municipal advisor on the issuance of the $10,925,000 Water Revenue Certificates of Participation with $12,000,000 in proceeds for the Tehachapi-Cummings County Water District.
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