Making a Vision a Reality
Total Page:16
File Type:pdf, Size:1020Kb
MuniCap, Inc. is a public finance consulting firm that specializes in developing and implementing creative approaches to funding public infrastructure, facilities, and services for real estate development. Making a vision a reality. Cover photo: The Wharf, Washington DC Contact: Keenan Rice President [email protected] P. 443-539-4102 M. 443-286-0795 Abdi Yassin Senior Vice President [email protected] P. 469-490-2801 M. 417-569-6905 *Harbor Point, Stamford, CT ($145,805,000) Locations: Headquarters: Texas: Pittsburgh: South Carolina: 8965 Guilford Road 3730 Kirby Drive 8135 Perry Highway 106 Pitt Street Suite 210 Suite 1200 Suite 2 Columbia, MD 21046 Houston, TX 15237 Pittsburgh, PA 15237 Mt. Pleasant, SC 29464 P. 443-539-4101 P. 469-490-2800 P. 412-536-1873 P. 704-837-4330 Check out our website for services, a representative list of clients, and additional case studies: www.municap.com Cover photo: The Wharf, Washington DC Qualities That Distinguish MuniCap *Harbor Point, Baltimore, MD ($36,000,000) Experience MuniCap has helped our clients successfully execute in over 250 public funding programs, which have provided nearly $6.6 billion of public investment in development projects. Expertise MuniCap offers a high degree of specialization in our field, concentrating only on public finance. This dedication and focus allow us to offer our clients the highest degree of expertise in our chosen field. Pragmatic MuniCap appreciates that a plan has no value if it cannot be implemented. We understand the constraints and obstacles facing development programs. As a result of our extensive experience, we can offer practical solutions that work. *Village on the Waterfront, East Providence, RI ($17,694,000) MuniCap is a public finance consulting firm that specializes in public-private partnerships for real estate development. MuniCap has a high degree of expertise with creative funding solutions for public infrastructure and improvements necessary for development efforts to be successful. MuniCap's expertise can help plans for catalytic changes in land use become a reality. MuniCap offers a breadth of experience. We have assisted clients in excess of over 250 public funding *Mosaic, Fairfax, VA ($65,650,000) programs in over 30 states and the District of Columbia, keeping us at the forefront of the best practices employed by public-private partnerships across the country. MuniCap represents both the public and private sector. We understand the critical issues and constraints from both sides of the table. MuniCap provides a customized approach based on the needs and constraints of the development program. We have understands the unique public policy issues and been involved in some of the most high-profile public-private MuniCap heightened scrutiny that accompany public funding partnerships in the country, and we have assisted with programs. MuniCap has been a leader in researching and programs on a much smaller scale that nonetheless served developing best practices in public policy. to invigorate the local development market. MuniCap is one of the most experienced firms in the country in providing the services we offer. MuniCap has made the commitment to meet the highest standards of best practices and is registered with the Municipal Securities Rulemaking Board (“MSRB”). As registered municipal advisors, MuniCap and its employees are subject to a strict set of rules and professional guidelines covering standards of service, conflict of interest disclosures, *Mosaic, Fairfax, VA ($65,650,000) and client relationships. These rules ensure a fiduciary responsibility to our client. Services A successful public financing generally consists of five phases: 1.Recognizing an opportunity and developing a vision. Recognizing an opportunity and developing a vision is what our clients do best. MuniCap can provide assistance by helping our clients understand the realistic public incentives and financing options available to make the vision a reality. *Downtown Columbia, Howard County, MD ($48,225,000) 2. Preparing a plan of finance. MuniCap assists in structuring financial plans that are both practical and realistic, while considering the four primary sets of constraints that must be addressed in developing a successful plan of finance: • Development project issues • Legal issues • Financial market issues • Public policy issues 3. Obtaining governmental approval. MuniCap is not a lobbying firm. MuniCap instead focuses on providing a plan of finance that makes sense for the local government agency, and then explaining the plan of finance thoughtfully, thoroughly, and carefully. MuniCap: • Provides our clients with well researched answers based on over 25 years of experience • Effectively communicates answers to local government officials, as well as the public and community at large *Atlantic Station, Atlanta, GA ($85,380,000) Services, continued 4. Arranging the financing. MuniCap works as an integral part of the team that takes the bonds to market or arranges private financing. MuniCap knows the: • Options for structuring financing • Tradeoffs associated with different financial structures • Discipline required in presenting information to the financial markets • Research and analysis required to project revenues available to repay the debt *Beltline, Atlanta, GA ($144,855,000) 5. Implementing the plan. MuniCap helps with the regulatory and reporting during plan implementation, allowing our clients to focus on making their vision a reality. Public financing requires a significant amount of transparency and reporting, in which MuniCap can help. Available services include: • SEC compliance reporting • Special tax and special assessment calculations and budgeting • Tax increment revenue calculation and verification • Project monitoring and reporting • Annual budget preparation for special districts • Financial accounting for special districts • Requisition review • Audit file maintenance • IRS compliance monitoring MuniCap currently provides these services for over 180 bond issues across the country. MuniCap, Inc. Bond Issuance List MuniCap's TIF and Special Tax/Special Assessment Bond Issues Date of State Par Value Issuance Berkeley County, South Carolina, Assessment Revenue Bonds, (Nexton Improvement District), Series 2019 SC $33,535,000 11/26/2019 Mayor and Council of Brunswick (City of Brunswick, Maryland) Special Obligation Refunding Bonds, (Brunswick Crossing Special Taxing District), Series 2019 MD $30,890,000 11/13/2019 Hickory Chase Community Authority Infrastructure Improvement Revenue Bonds, Senior Series (Hickory Chase Project), Series 2019A OH $24,820,000 10/30/2019 Hickory Chase Community Authority Infrastructure Improvement Revenue Bonds, Subordinate Series 2019B-1 (Hickory Chase Project), Series 2019B-1 OH $3,925,000 10/30/2019 Hickory Chase Community Authority Infrastructure Improvement Revenue Bonds (Federally Taxable), Subordinate Series 2019B-2 (Hickory Chase Project), Series 2019B-2 OH $2,015,000 10/30/2019 Public Finance Authority (Wisconsin), Tax Increment Finance Grant Revenue Bonds, (Statler Hilton & Dallas Central Library), Series 2019 WI $38,656,616 10/16/2019 Mayor and City Council of Baltimore (City of Baltimore, Maryland), Subordinate Special Obligation Revenue Bonds, (Harbor Point Project), Series 2019B MD $7,640,000 10/16/2019 Mayor and City Council of Baltimore (City of Baltimore, Maryland), Senior Special Obligation Refunding Revenue Bonds, (Harbor Point Project), Series 2019A MD $39,485,000 10/16/2019 City of Celina, Texas, Special Assessment Revenue Bonds, (Sutton Fields II Public Improvement District Neighborhood Areas #2-3 Project), Series 2019 TX $6,355,000 10/3/2019 City of Hyattsville, Maryland, General Obligation Public Improvement Bonds of 2019 MD $12,675,000 10/2/2019 City of Rock Hill, South Carolina, Riverwalk Municipal Improvement District Assessment Revenue Bond, (Assessment Part A), Series 2019 SC $5,215,000 9/27/2019 The County Commission of Harrison County, West Virginia Special District Excise Tax Revenue and Improvement Bonds, (Charles Point Economic Opportunity Development District), Series WV $36,500,000 8/16/2019 City of Mesquite, Texas (A Municipal Corporation of the State of Texas located in Dallas and Kaufman Counties), Special Assessment Revenue Bonds, (Polo Ridge Public Improvement Distric TX $7,040,000 7/17/2019 City of McClendon - Chisolm, Texas Special Assessment Revenue Bonds, (Sonoma Public Improvement District Phase 2 Project), Series 2019 TX $6,225,000 7/11/2019 Great Pond Improvement District, Connecticut Special Obligation Bonds, (Great Pond Phase 1 Project), Series 2019 CT $8,575,000 7/9/2019 Prince George's County, Maryland, Subordinate Special Obligation Bonds, (Hampton Park Project), Series 2019B MD $3,115,000 6/6/2019 Prince George's County, Maryland, MD Special Obligation Bonds, (Hampton Park Project), Series 2019A MD $11,100,000 6/6/2019 Prince George's County, Maryland, Special Obligation Bonds, (South Lake Project), Series 2019 MD $33,000,000 5/30/2019 City of Greenbelt, Maryland, Special Obligation Bonds, (Greenbelt Station Project), Series 2019 MD $6,367,159 4/11/2019 City of Anna, Texas (A Municipal Corporation of the State of Texas located in Collin County), Special Assessment Revenue Bonds, (Hurricane Creek Public Improvement District Major ImprovTX $3,535,000 3/28/2019 City of Anna, Texas (A Municipal Corporation of the State of Texas located in Collin County), Special Assessment Revenue Bonds, (Hurricane Creek Public Improvement District Improvement