The City finances many capital projects though the issuance of bonds and Bond Anticipation Notes. Capital projects include the construction and reconstruction of schools, municipal facilities, roads, bridges, water mains, and sewers. Such debt offerings must be authorized by City Council and comply with Section 11 of the New York State Local Finance Law.
The City usually issues Bond Anticipation Notes, which must have a term of less than one year, during the construction phase of projects. Notes can be refinanced but must be converted to bonds within five years.
When the City of Rochester is conducting a Bond sale or a Bond Anticipation Note sale, the Notices of Sale and Official Statements will be posted on the following site: Capital Markets Advisors. LLC.