|
SMITH's Infrastructure Finance Conference
June
16-17,
2010
The
Standard Club
Chicago, Illinois
Crumbling municipal balance sheets and faltering
tax revenues threaten to undermine the foundations of America's
infrastructure.
The federal government has poured hundreds of
billions of dollars into U.S. infrastructure projects over the
past few years not only to stimulate the economy but because
many of the projects are long overdue. State and local
governments play a major role in funding these projects, but
everyone’s budget is stretched thin. Pension obligations and
other mandates are rising, while the cost of unemployment keeps
climbing. Raising taxes is simply not an option. Municipal
credit ratings are under pressure like never before. How will
state and local governments pay for this?
SMITH's Infrastructure Financing Conference helps
participants find and develop actionable solutions to these
challenges, including Public-Private-Partnerships (P3)
The conference explores:
The current state of American infrastructure; Roads and
highways; Bridge and tunnel repairs; Mass Transit; Airports and
airport security; Water & sewer; Public power; Rail projects;
Revenue bonds; and the relationship to GOs, and Build America
Bonds
Since 1992, SMITH’S Research & Gradings has been
covering U.S. municipal finance and the municipal bond market.
SMITH’S Infrastructure Financing Conference covers this vital
area of the U.S. economy.
|
|
Who Should Attend?
-
Chief Investment Officers
-
Directors of Taxable & Tax-Exempt
Fixed-Income
-
Portfolio Managers
-
Credit Analysts at Investment Firms
-
Wall Street Analysts
-
Rating Agency
-
Financial Advisors
-
Bond Counsel
-
Accounting Firms
-
Bond Insurance
|
SMITH’s Research & Gradings
SMITH’s Research and Gradings was founded by Terence
Smith in 1992 to provide independent research and third-party
analysis for institutional investors. SMITH’s has become
a bellwether research, often predicting significant trends and
spotlighting controversial subjects sometimes months before they
come to light elsewhere. SMITH's. provides independent
third-party research and analysis for institutional investors.
|
Sponsors and
Exhibitors
Sponsors
|
 |
 |
|
|
|
|
Registration Information
Registration Fees
$945 per person General.
$415 Investors.
$330 State/Local Issuers.
Registration fee includes course materials, breakfast, lunch,
and breaks during the conference.
Payment by credit card, company check or personal check is
required prior to the conference.
Discounts
Groups of 3 Standard or more receive a reduced rate of $850
per person. Groups of 3 or more State/Local
issuers - $297 per person.
Groups of 3 or more Investors $375 per person.
Cancellations
Cancellations are subject to a $100 service fee. Cancellations
will be accepted up to 30 days prior to the Conference in order
to receive a refund.
Cancellations after the 30 day cut-off will receive a
registration credit toward a future SMITH’s conference program.
Credits will be issued at the original registration rate and
will be valid for 12 months. Registration credit requests must
be received by the last day of the conference.
Substitutions
Substitutions from your company will be accepted any time prior
to the conference.
As a SMITH's Conference attendee, you will receive a
complimentary edition of SMITH's Research &
Gradings — the leading independent source for credit opinions.
Program
Cancellation
In the event that SMITH's Research & Gradings cancels a scheduled
program, all registrants will be notified in writing.
Registration fees will be refunded. In the event that a
conference is cancelled, SMITH's Research & Gradings cannot be
held liable for non-refundable transportation costs. In the case
of inclement weather, or acts of God, if the seminar takes
place, the registration is not refundable.
Complaint
Resolution
Address any complaints to Pamela Kilbourn, SMITH's, 20 Poe
Court, Fairfield, CT 06825
Fax to 203-659-4773; email to pamkilbourn@smithsresearch.net or
phone 203-362-2154. Complaints will be handled in as timely a
manner as possible.
Privacy Policy &
Records Retention
SMITH's values your privacy. SMITH's retains information
submitted during the registration process with regard to your
name, company and contact information. Credit card information
is destroyed once the transaction has been processed. We will
never willfully sell, lease, or rent any of your
personally identifiable information to any third party
As a SMITH's Conference attendee, you will receive a
complimentary edition of SMITH's Research &
Gradings — the leading independent source for credit opinions.
Dress Code
Business Casual.


|
|
Hotel
The Standard Club
320
South Plymouth Court
Chicago, Illinois 60604
Phone:
312-427-9100
http://www.stclub.org
A block of rooms is being held until May 17, 2010 for SMITH’s Research &
Gradings at a rate of $165
per night. Please call Hollis at The Standard Club at
312-408-2819 for reservations and mention SMITH's for the group
rate.

 |

Nationally recognized as
one of the most prestigious private city clubs in the country,
The Standard Club has been an integral part of Chicago's
business elite and fashionable society since its founding in
1869. The Club is revered as one of Chicago's civic treasures,
an organization whose incomparable prestige and principles have
attracted the city's business, cultural and charitable leaders
for generations. |
Contact Information
Phone:
(203) 362-2149
Fax: (203) 659-4773
Email: smiths@smithsresearch.net
Web: www.smithsresearch.net
Mail: TMS Holdings, Inc.,
20 Poe Court, Fairfield, CT 06825
 |
Conference Agenda
INFRASTRUCTURE FINANCE CONFERENCE
June 16-17, 2010
|
|
Wednesday, June 16
Agenda |
|
12:00pm |
CONFERENCE REGISTRATION
|
|
1:00pm |
WELCOME
REMARKS
SMITH'S
OUTLOOK FOR INFRASTRUCTURE FINANCE
SMITH’S has
been out in front of public infrastructure financing
issues since 1992. The editor & publisher of SMITH’S
Research & Gradings presents an overview of the sector.
Terence Smith
Editor & Publisher
SMITH's Research & Gradings
|
|
1:45pm
|
AMERICA’S
INFRASTRUCTURE PROBLEM
This panel
discusses the latest environmentally conscious programs
and systems and how they can benefit state and local
governments. We'll hear how the State of Illinois'
programs can help entities reduce the cost of capital
for energy efficiency projects - including the the moral
obligation support of the State of Illinois credit
enhancement.
John
Hallacy
Managing
Director
Bank of
America Merrill Lynch
|
|
2:30pm |
COFFEE
BREAK
|
|
3:00pm
|
GREEN
DESIGNS: OPPORTUNITIES IN ENERGY EFFICIENCY
This panel
discusses the latest environmentally conscious programs
and systems and how they can benefit state and local
governments. We'll hear how the State of Illinois'
programs can help entities reduce the cost of capital
for energy efficiency projects - including the credit
enhancement of the moral obligation support of the State
of Illinois credit enhancement.
Marnin
Lebovits
Senior
Funding Manager
Illinois
Finance Authority
|
|
3:30pm |
P3’S IN
2010 – IS THERE LIFE AFTER THE CHICAGO METERS
TRANSACTION?
Chicago's
$1.6 billion parking meter privatization of 2009 could
provide a roadmap for other municipalities seeking to
raise funds in tough economic times. We'll take a look
at the Chicago transaction and how other municipalities
can learn from the project.
Phoebe Seldon
Senior Vice President
Scott Balice Strategies
Additional Panelists to
be Announced
|
|
4:30pm |
DAY ONE RECAP |
|
5:00pm |
DAY ONE
ADJOURNS |
|
Thursday,
June 17, 2010 |
|
7:30am |
REGISTRATION
Continental Breakfast
Sponsored by:
National Public
Finance Guarantee
|
|
8:45am |
DAY TWO
WELCOME
Terence Smith
Editor &
Publisher
SMITH's Research & Gradings
|
|
9:00am |
PUBLIC
POWER
A discussion
about the U.S. Public Power outlook — its challenges and
opportunities.
James Fuller
Senior Vice President
Chief Financial Officer
MEAG Power
Robert
Trippe
Senior Vice President
Chief Financial
Officer
American Municipal Power
|
|
10:00am |
MORNING
BREAK
|
|
10:15am |
WATER
UTILITIES
We'll focus
on America's water systems, including water supply,
wastewater and stormwater and the funding of this
essential public purpose.
Brian
Tournier
Vice
President, Director of Credit Analysis
Stern
Brothers & Co.
Lori Beary
Community
Development Director
Iowa Finance
Authority
Steve
Grossman
Executive
Director
Ohio Water
Development Authority
|
|
11:15am |
SURFACE
TRANSPORTATION
This panel
will review trends, challenges and outlook for the
Transportation sector. We'll also look at how the
funding problems at the federal level will translate
into more leverage for state DOTs and regional toll
assets and what this means for investors. This will also
likely result in a continuation of greenfield P3
projects as well and what should bondholders think about
as they look at PAB deals that in the past were bank
financed. We'll here about the regional transportation
system segment and the hot debate — light rail or bus
rapid transit for new service?
Ted Galgano
Managing Director
National
Public Finance Guarantee
Michael McDermott
Managing Director
Fitch Ratings
Joseph
Costello
Chief
Financial Officer
The Regional
Transportation Authority
Bryan Grote (Invited)
Co-Founder
Mercator Advisors LLC
|
|
12:30pm |
LUNCHEON
DEAL OF THE
YEAR
SMITH’S
Research & Gradings presents its Deal of the Year award
to the most significant financing in the infrastructure
financing sector in the past year. The issuer,
investment banker, financial adviser, and credit rating
agency involved in the deal discuss the mechanics of the
issue.
|
|
1:30pm |
AIR
TRANSPORTATION
Talks of
mergers and consolidation in the air transportation
sector may present a new set of challenges for airports
and investors. We'll take a look at some of the latest
trends and the outlook for the sector
Michael
Boland
First Deputy
Commissioner
City of
Chicago
Department of
Aviation
Peter
Stettler
Director
Ricondo &
Associates
Seth
Lehman
Senior Director
Fitch Ratings
|
|
2:30pm
|
DAY TWO RECAP
|
|
3:00pm |
CONFERENCE
ADJOURNS |
|

|
|