McGeady Sisneros, PC | 303.592.4380

PUBLIC FINANCE

McGeady Sisneros is committed to providing our clients with innovative, personalized advice related to mechanisms available under Colorado law to implement the financing of public infrastructure. Whether your financing needs relate to entirely un-developed land in an unincorporated area of a county consisting of thousands of acres, providing improvements for the benefit of an active and growing community, or the redevelopment of an urban neighborhood consisting of just a few acres, our attorneys have the experience and ingenuity to provide sound advice to reach individual financing objectives through the use of special districts. Over the years, we have developed partnerships with municipal bond attorneys, investment bankers and underwriters with the skills and resources necessary to support a variety of public financing models—from relatively small, single-issue bond deals to complex debt structures involving multiple revenue sources.

Members of our Firm have extensive experience with:

• General Obligation Bonds – Bonds secured by the full faith and credit and general taxing power of a governmental entity. Property taxes are tax deductible as opposed to fees or assessments imposed by private entities (such as HOAs) which are not.

• Revenue Bonds - Payable from any revenue source of the district, including fees, charges or other non-tax revenues collected from district residents and customers and fees, which are not tax deductible.

• Covenant-Created Public Improvement Companies / Public Improvement Fees – Through the organization of a non-profit corporation, public improvement fees (PIFs) are imposed via covenants recorded on a designated area of real property. The PIF is imposed on all taxable retail transactions within the designated area and may be used to support the issuance of municipal bonds. The PIF structure may be utilized independently, or in concert with other financing mechanisms to supplement revenue streams available for the financing of public improvements.

• Tax Increment Financing – Through working with municipalities to establish urban renewal areas, taxes collected on all new or incremental development may be utilized to finance public infrastructure supporting development within the urban renewal area.

• Grants and Loans – Available through the Colorado Division of Local Government and other state and federal agencies and programs, a special district can be eligible for infrastructure improvement grants and/or very low interest loans under a variety of programs.