Tax Increment Financing (TIF) Revenue Projection Consultant Services for the Valor Acres Mixed-Use Development

In addition to serving as a financial advisor to municipal issuers and private developers on a multitude of tax increment financing transactions (TIF), the professionals at DiPerna Advisors can leverage their knowledge of TIF laws, TIF collection processes and projected TIF cash flows to negotiate recorded service payments/charges on behalf of master developers to finance site infrastructure needs. DiPerna can produce TIF revenue reports to provide bond issuers a reliable, third-party, verification – aiding the credibility of the project’s TIF revenue projections for sale into the national capital markets.

For the Valor Acres Project, DiPerna Advisors utilized two methodologies for producing comprehensive TIF revenue projections including total obligations by parcel, buildout assumptions, school district compensation, comparative values, among other relevant details (the “Report”). DiPerna can also serve as District Administrator and Reporting Agent to the Project. The Report was used by KeyBanc Capital Markets in their successful placement efforts to solicit and educate potential investors.

• Project – The Valor Acres Mixed-Use Development Project is located off of I-77 along Parkview Drive in the City of Brecksville. The Development is a multi-phased project situated on approximately 180 acres and consists of four major components: the Residential Phase, the Office/Commercial Phase, the Mixed-Use Phase, and the Sherwin-Williams Research & Development Facility. Proceeds of the bonds are being used to finance the public improvements in connection with the for-rent portion of the Residential Phase (the “For-Rent Phase”), which will include 168 multi-family units. The For-Rent Phase will consist of a five-story, 157-unit luxury apartment building and a townhome building with 11 three-bedroom units.  
• Security – First and Senior lien position of Net TIF Revenues & Minimum Service Payments on the For-Rent Phase of the project.
• Financing Term – 31.50 Years
• Tax Status – Tax-Exempt
• Rating Status – Non-Rated
• Interest Rate – 5.625% 
• Closing Date – May 24, 2022