Grant Street Completes Third Year of Tax Lien Auctions
June 13, 2006Last week, Grant Street Group completed its third year of hosting internet auctions of tax lien certificates. In 2004, Grant Street’s LienAuction was the first-ever website to host tax lien auctions over the internet when four Florida counties Miami-Dade, Okaloosa, Orange and Volusia — conducted sales. Since then, Grant Street has hosted internet auctions for… Read more »
West Virginia Treasurer Conducts Internet Auction for CDs
May 16, 2006West Virginia State Treasurer John Perdue and the affiliated Board of Treasury Investments conducted an on-line auction today, investing nearly $25 million in certificates of deposit with West Virginia banks. The auction was held on West Virginia’s private-label website (www.BidWVauction.com) created by Grant Street Group. West Virginia joins 9 other states that utilize Grant Street’s… Read more »
Banner Health Conducts Its First Swap Auction
March 23, 2006Banner Health, one of the largest, non-profit healthcare systems in the U.S., utilized Grant Street Group’s Internet auction platform to take competitive bids for the fixed rate component of an interest rate swap. Three financial institutions participated in the open auction in which 61 bids were submitted. At the conclusion of the auction, Merrill Lynch… Read more »
Grant Street Group’s LienAuction Helps Maricopa County’s “Hopes and Dreams” Come True
February 16, 2006The winners have been selected and the funds collected. The verdict: “It looks like it met all our hopes and dreams,” Maricopa County Treasurer David Schweikert said of the county’s first-ever Internet-based tax certificate sale. Grant Street Group, a Pittsburgh-based software company that specializes in customized software applications for financial institutions and government entities, was… Read more »
Nassau County and PFM Conduct First-Ever Open Note Auction in New York State
December 7, 2005This week Nassau County, NY utilized their financial advisor’s PFMauction website – a competitive auction platform created by Grant Street Group to issue $120 Million in Tax Anticipation Notes. In separate auctions for two series of notes — Series A and B — bids were received during 30 minute open auctions. During the auctions, bidders… Read more »
Lexington-Fayette Urban County Government, Kentucky, uses GFOA YieldAdvantage
September 15, 2005Lexington-Fayette Urban County Government, Kentucky placed a $4 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids and exchange settlement information easily and efficiently via the Internet. The four – $1 million transactions –… Read more »
Cook County Forest Preserve District, Illinois, Uses GFOA YieldAdvantage
September 14, 2005Cook County Forest Preserve District, Illinois placed a $3.2 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids and exchange settlement information easily and efficiently via the Internet. The $3.2 million, 91-day, transaction was… Read more »
Washtenaw County, Michigan, Uses GFOA YieldAdvantage
July 26, 2005Washtenaw County, Michigan placed a $5 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids easily and efficiently via the… Read more »
Cook County Treasurer’s Office, Initiates Use of GFOA YieldAdvantage for Weekly Certificate of Deposit Auctions
June 7, 2005Advancing a commitment of harnessing technology to enhance efficiencies, the Cook County Treasurer’s Office, Illinois, commenced use of GFOA YieldAdvantage to invest in certificates of deposit on June 7, 2005. Using GFOA YieldAdvantage , an Internet auction offered by the Government Finance Officers Association, the Treasurer’s Office invested $88.3 million in certificates of deposit, earning… Read more »
St. Clair County, Michigan, Uses GFOA YieldAdvantage
May 31, 2005The County of St. Clair, Michigan placed a $5.7 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association.