Other Public Finance Services

Bond's public finance practice provides a variety of services in addition to bond counsel, borrower’s counsel and underwriter’s counsel services in tax-exempt financing transactions. For example:

Sewer, Water and Other Special Improvement Districts. We have substantial experience representing our municipal clients in the formation of sewer districts, water districts and other special improvement districts. 

IDA Sale/Leaseback Transactions and PILOT Agreements. We have extensive experience in Industrial Development Agency (IDA) sale/leaseback or "straight lease" transactions. In these transactions, IDAs provide sales tax, real property tax and mortgage recording tax exemptions for commercial projects. We regularly represent businesses entering into IDA sale/leaseback transactions and have substantial experience negotiating and structuring payment in lieu of tax (PILOT) agreements for a wide variety of projects, including large-scale wind farms, pipelines, distribution centers, hotels and other commercial and industrial facilities. We are also transaction counsel to the Oneida County, City of Utica and Chenango County industrial development agencies, representing these entities in all of their sale/leaseback transactions. We were also transaction counsel to the Oneida County Industrial Development Agency in connection with the redevelopment of the former Griffiss Air Force Base into a business and technology park.

Distressed Bond Restructuring. Attorneys from our public finance practice work with our business restructuring, creditors’ rights and bankruptcy practice in restructuring distressed bond financings. Our work in this area has included advising clients regarding tax and securities law questions, document review and interpretation and drafting amendments to bond documents.