A 31-year veteran of Urban Futures, Inc., Managing Principal Doug Anderson provides municipal advisory services on bonds issued to provide funding for new infrastructure and public improvement projects as well as bonds issued to reduce debt service payments on existing debt. Additionally, with the dissolution of redevelopment in California in 2012, he provides redevelopment wind-down services including preparation of annual Recognized Obligation Payment Schedule funding requests and ongoing consulting services.
Anderson says the most rewarding aspect of working with UFI is providing financial services to client cities that result in decisions and projects positively affecting their citizens. The types of financing projects on which he works often result in increased funding for municipal services provided to residents, or are directly related to public improvement projects that enhance the community.
One client partnership of which Anderson is particularly proud is his work last year assisting the San Bernardino Successor Agency with an issue of refunding bonds that reduced outstanding debt service obligations by more than $16 million and freed up reserve funds that were used to further reduce debt obligations.
“That refunding issue,” he says, “was a small, but important, piece of the bankruptcy recovery program with which UFI assisted the City of San Bernardino.”
Currently working on bond refunding issues for two of UFI’s client cities, Dinuba and Lancaster, with which the firm has long-term relationships, he describes the continued trust of the two cities as a privilege that reinforces his commitment to those and other client relationships.
“I strive to provide quality service in a consistent manner,” says Anderson. “When working with clients on a particular project, I try to think about how I would like to see that job performed if I were standing in their shoes. That perspective helps me to keep our service goals in mind, in order to best serve our clients.”
Anderson also recently supported the Norco Redevelopment Agency on a tax allocation bond issue secured by pass-through revenues to the Corona-Norco Unified School District that generated $10.4 million for improvements to Norco High School.
“Mr. Anderson has provided financial advisory services on more than $2 billion in tax exempt and taxable bond financings for UFI clients,” says Chief Executive Officer Michael Busch. “His 31 years of experience are helpful to many of our clients which are looking for financing options post redevelopment. To this point, Doug is an important element of an agency’s institutional memory regarding economic development projects and debt management.”
Anderson, who holds a B.S. in Business Administration (Finance) from San Diego State University, is a member of the California Society of Municipal Finance Officers and the Government Finance Officers Association. He holds a Series 50 registration as an independent Municipal Advisor.