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 an ~$30 million revenue bond offering.
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 new hotel. The annual certification reports and semiannual verification reports help to ensure the TIF revenues are sufficient to pay required debt service.
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