Retired former Long Beach CFO, Burbank CFO, Lynwood Assistant City Manager/CFO, Senior VP Southwest Securities.
Currently Managing the bond financing teams (UW, MA, BC, etc.) for City of Placentia pension bonds; Public Safety lease revenue bonds; EIFD Tax Increment revenue bonds; gas tax refunding; Successor Agency/City COP refunding. Played a lead role in the City obtaining an Issuer ratings upgrade to A- from a BBB rating. In addition, created the City's new Fire Department development services user fee schedule and currently updating the Citywide fee schedule.
Oct 30, 2020 Update: City of Placentia $53 mil Pension Lease Revenue Bonds sold yesterday at All-In TIC of 4.2% and savings of $14 mil over the term of the bonds. Proceeds used to pay off City's Unfunded Liability with CalPERS. S&P upgraded the City's LRB ratings to BBB+ and assigned the City an issuer rating of A-. First time in Calif history that Pension LRBs backed by pledge of City parks and with a BBB+ bond rating have been sold. Contact me for details.
Have successfully served as Interim Finance Director and/or Financial Consultant for:
City of Placentia, CA...March 2020 to Present City of Rosemead, CA ...November 2019 to February 2020 City of Avalon (Catalina Island), CA ... April 2018 to March 2019 City of Carson, CA ... October 2018 through February 2019 City of Compton - May 2016 thru Feb 2017.
Available now for short- or long-term interim employee assignments in all areas of financial management.
Typical assignments would include Interim CFO, Finance Director, Budget Director, Controller, Assistant City Manager, Project Manager. Resume available upon request. May also view my background/experience on LinkedIn. Email: rtorrez22018@gmail.com
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