Municipal and School District Financing. We are bond counsel to numerous cities, counties, towns, villages, school districts and Boards of Cooperative Educational Services (BOCES) throughout New York State.
We handle traditional general obligation bond and note issues, as well as less traditional financing vehicles such as tax-exempt equipment leases, including energy performance contracts. We also have extensive experience representing municipalities in financings through the New York State Environmental Facilities Corporation (EFC) and the United States Department of Agricultural, Rural Development.
Our bond counsel services for school districts include preparation of propositions and other authorizing proceedings, review of disclosure materials, preparation of financing documents and issuance of our approving legal opinion on the financing. We also represent our school district clients in pooled financings through the Dormitory Authority of the State of New York (DASNY).
College and University Financing. We regularly represent higher education institutions as “borrower’s counsel” in financing transactions. These financing transactions include tax-exempt and taxable bond issuance through DASNY and many different local development corporations and other conduit issuers. We frequently assist our higher education clients with post-issuance compliance questions under the federal tax law (e.g., private business use), federal securities law (e.g., continuing disclosure) and financial covenants. We also serve as bond counsel and underwriter’s counsel on financings involving colleges and universities.
Health Care Financing. We handle tax-exempt bond financings for health care facilities involving a variety of credit structures, including obligated group financings using master trust indentures and financings secured by FHA mortgage insurance, letters of credit and municipal bond insurance.
Manufacturing and Other Exempt Facility Financing. We have served as bond counsel for a variety of bond issues on behalf of for-profit enterprises, including manufacturing facilities, solid waste disposal facilities and airport facilities.
Public Authority Financing. We represent water authorities, solid waste management authorities and other public authorities issuing revenue bonds to finance public facilities. We were bond counsel to Upper Mohawk Valley Memorial Auditorium Authority in connection with the financing of the Nexus Center, an indoor sports and recreation facility in the City of Utica.
Housing Finance. We have served as bond counsel to several local housing authorities, including the Syracuse Housing Authority and the Village of Ilion Housing Authority, in connection with the financing of low- and moderate-income residential facilities. We also represent real estate developers in connection with housing projects financed with tax-exempt bonds, providing tax and business law services to developers.
Library Financing. Bond has substantial experience with tax-exempt bond financings for public library facilities. We have served as bond counsel, underwriter counsel and/or library counsel in connection with these financings.