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
• 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
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