Experience
Bond Counsel for the Issuance of Chapter 100 Bonds to Provide Tax Certainty to Solar Developer
Represented a county in the negotiation and approval of the issuance of taxable industrial revenue bonds under Chapter 100. Municipalities often issue bonds under Chapter 100 to provide real and/or personal property tax abatement to private enterprise. Because of the uncertainty surrounding the assessment and taxation of solar energy farms, the county approved the issuance of Chapter 100 bonds to provide tax certainty to all of the affected parties, including the developer, the county and all of the other taxing jurisdictions within the boundaries of the solar project.
Bond Counsel for the Issuance of $30 Million in General Obligation Bonds
Represented a school district in the issuance of $30 million in general obligation bonds to fund capital improvements and refinance certain payments on various outstanding lease obligations. A significant portion of the bonds were issued on a tax-exempt basis; however, because some of the lease payments were to be paid more than 90 days after the issuance of the bonds, it was necessary to issue a small portion of the bonds on a taxable basis.
Special Counsel for Economic Development Incentives
Represented a city in the negotiation and approval of economic development incentives for an approximately $1 billion mixed-use project. Incentives include real property tax abatement, a community improvement district sales tax, a transportation district development sales tax and sales and use tax exemption on qualified building materials.
