Projects

$150 million in revenue bonds over six phases (2015-2023) funded over 3,000 structured parking spaces, roadways, water, sewer, and public parks. Bonds were secured by Tax Increment, New Community Authority, and Lodging Tax Revenues.

$100 million in bonds over three phases to fund roadways, water, sewer, and parking (phase three in process). The bonds are secured by tax increment revenues and a special tourism development district imposing new sales and admission taxes.

$40 million in revenue bonds to fund a parking garage, streetscape, and public infrastructure associated with the 6-acre mixed-use district adjacent to the University of Cincinnati. Bonds secured by Tax Increment Payments and Minimum Payments.

$50 million in note and bond proceeds over four phases to fund brownfield cleanup, roadways, water, sewer, walking trails, and riverfront. Notes and Bonds secured by Tax Increment Revenues from the District which includes student housing, apartments, senior living, and a dual-flag hotel.

$10 million in bonds over two bond funds issued to fund certain public infrastructure, parking, and park spaces associated with the redevelopment of the former United States Playing Card factory into a mixed-use destination that includes apartments, food hall, brewery, and pickleball facility.

$35 million in bond proceeds to fund structured parking and energy efficiency improvements within the Gravity District which includes office, retail, and wellness-centered apartments. Bonds secured by Parking Revenues, Tax Increment, New Community Authority, and PACE Assessments.

$10 million in bonds issued from two bond funds to finance an underground parking garage in support of a 150,000 square foot mixed-use facility that includes a ground level restaurant, Moxy hotel, Class A office, and a rooftop bar. Bonds secured by net parking revenues and special assessments as required.

$35 million in revenue bond and PACE financing to pay for an 840-space structured parking facility and energy efficiency improvements for an 12-story mixed-use project. Bonds are secured by Property and Income Tax Increment Revenues and, as a backup, City Non-Tax Revenues.

$42 million in first mortgage bonds issued across three bond funds to fund the conversion of the former Macy’s department store in downtown Cincinnati to a 200,000SF mixed-use facility including office and retail. Bonds secured by first-lien mortgage and assignment of leases and rents.

$150 million in bonds issued to recapitalize nine different parking garages encompassing over 4,000 spaces in a pooled asset program. Bonds secured by fee and leasehold 1st mortgages and net revenues from the parking garages.

$50 million in bond proceeds to pay for costs of constructing Lower.com Field. Bonds were issued by a New Community Authority established to own the Stadium and are secured by annual appropriations from Franklin County.

$50 million in note, bond, and PACE financings over multiple phases to pay for infrastructure, parking, and energy improvements. Bonds are secured by Tax Increment, Parking Revenues, and New Community Authority Charges.

Compilation of a Revenue Demand Study for the first phase of a 180-acre mixed-use development project. The Study considered incremental revenues by parcel, construction timelines, school district compensation payments, and other pertinent information that was included in a preliminary offering memorandum used by an Underwriter to market and sell ~$10 million in revenue bonds.

Detailed Tax Increment projections prepared for 107 planned housing units as part of a master plan. The projections included phasing assumptions based on lot-take down agreements and anticipated absorption rates. DiPerna was also engaged to perform annual reporting for the bondholders. TIF projections and annual reporting supported the issuance of ~$12 million in revenue bonds.

Compilation of a Revenue Demand Study which analyzed over 120 parcels to project the future Tax Increment Payments to be generated from two existing TIF districts which encompasses the Easton Town Center. The Study was included in an offering document to provide the capital markets a detailed projection of Tax Increment Payments in support of…

$8 million in bonds issued from two bond funds to pay for energy efficiency and related improvements associated with a new 167,000 square foot primary specialty surgical hospital facility. Bonds secured by PACE special assessments

$27 million in parking revenue bonds issued to pay for the acquisition and lease-back of Promedica’s 772-space parking garage in downtown Toledo. Bonds secured by an assignment of parking revenues and corporate lease payments.

$20 million in bonds issued from two bond funds to finance public improvements and a parking garage which supports over 1,300 residential units and office buildings. Bonds secured by Tax Increment Payments and New Community Authority Charges.

$30 million in bonds issued from three bond funds and subordinate developer-purchased bonds to finance public improvements in support of office, single family homes, multifamily apartments, community center, and public amenities in partnership with the Columbus Metro Parks. Bonds secured by Tax Increment Payments and New Community Authority Charges.

$24 million in bonds issued from three bond funds to finance public infrastructure improvements and a 677-space parking garage to support a mixed-use, master plan redevelopment of a former landfill which now includes retail, office, hospitality, and multifamily apartments. Bonds secured by Tax Increment Payments and New Community Authority Charges.

$27 million in bonds issued in multiple phases were used to fund public infrastructure in support of the redevelopment of a former racehorse track into a mixed-use development, including single family homes, multifamily apartments, senior living, retail, and public parks. Bonds secured by Tax Increment Payments and New Community Authority Charges.

$23 million in bond fund bonds issued to fund new machinery, equipment, and facility renovations an automotive supplier to GM and Jeep. Bonds secured by 1st mortgage and general receipts of company.

$20 million in first mortgage bonds issued across two bond funds to fund a 100,000 SF production facility expansion. Bonds secured by Lease Payments, 1st Mortgage, and Corporate Guaranty.

$10 million in bonds issued from a bond fund to finance the construction of a 78,000 SF laundry production facility. Bonds secured by General Receipts from Company and 1st Mortgage of facility.

Currently in process, DiPerna aims to raise approx. $60 million in note and bond proceeds to pay for costs of public infrastructure and structured parking to support the TruePointe master-planned development. Notes and Bonds will be secured by Tax Increment and New Community Authority Revenues.

$19 million in revenue bonds issued to fund public infrastructure and parking in connection with the redevelopment of a former shopping center into a mixed-use development including senior living, apartments, and community center. Bonds secured by Tax Increment Payments and City Non-Tax Revenues.

$28 million in bond and state loan financing for the strategic purchase and improvement of two multi-use parking garages totaling over 1,500 spaces in support of the redevelopment of the Downtown Cincinnati Convention Center District. Bonds secured by Net Parking Revenues and Port Non-Tax Revenues.

Comprehensive Tax Increment projections and calculation of “Minimum Service Payments” in connection with a revenue bond issue to pay for public infrastructure in support of the redevelopment of a former golf course into 125+ single-family homes and multifamily apartments. DiPerna performs semiannual calculations and prepares annual reports in connection with the revenue bonds.

Calculation of Tax Increment revenue projections and certification for “Minimum Service Payments” for a 120,000 square foot independent living facility and a Meijer grocery store and gas station which comprised the redevelopment of the Tam O’Shanter Golf Course. DiPerna prepares annual certification reports and semiannual verification reports to ensure timely debt service payments.

Production of monthly property tax escrow schedules, including ad valorem, special assessment, Tax Increment revenues, and, if necessary “Minimum Service Payments” for bonds issued to support the redevelopment of the former Goodyear Tire & Rubber Co. corporate headquarters and adjacent Goodyear Hall into offices, retail, and residential uses, as well as the construction of a…

Calculation of Tax Increment revenue projections and certification for “Minimum Service Payments” for the redevelopment of a former Sheraton Hotel into a 216-unit multi-family apartment complex. DiPerna prepares annual certification reports and semiannual verification reports to ensure timely debt service payments.

Electronic Municipal Market Access (EMMA) posting of quarterly and annual reports containing the construction status, leasing activity, operating, tax parcel, and payment status information related to the redevelopment of an industrial property into a marina neighborhood that includes residential, office, retail and a 202-slip marina.

Preparation of Tax Increment revenue projections and certification for “Minimum Service Payments” for an electrical substation located on the Cleveland Cliffs Toledo Direct Reduction Plant. DiPerna prepares annual certification reports and semiannual verification reports to ensure timely debt service pay