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The Ice Miller Blog

Ice Miller Co-Hosted South Suburban Economic Development Incentives Event

March 18, 2019
Ice Miller LLP, accounting firm John Kasperek Co., Inc. and public finance municipal advisor Speer Financial, Inc. hosted the inaugural South Suburban Economic Development Incentives Breakfast event in South Holland, Illinois on March 7.

Heather James and Team Win Crowd Favorite at Diversity in Law Hackathon

November 19, 2018

Heather James, a partner in Ice Miller’s Municipal Finance Group, participated in the Diversity in Law Fall Hackathon hosted by Diversity Lab, UC Hastings and Northwestern Law, Nov. 1-2. Heather competed on Team Spectra, which won “Crowd Favorite.” Each of the winning teams will each receive an investment from Diversity Lab to implement their pitches.

Municipal Finance Team Attends Bond Attorneys' Workshop in Chicago

October 5, 2017
This week, 15 Ice Miller attorneys—three of whom are workshop panelists—gathered in Chicago for the 42nd Annual Bond Attorneys’ Workshop (BAW) with the National Association of Bond Lawyers. This year’s event takes place from Oct. 4-6 at the Fairmont Chicago.

Financing Options: Relevant Laws

November 7, 2014 by Robert J. Schillerstrom, Partner
Adherence to federal and Illinois state laws is a required component of any bond issuance. Below is a sampling of current laws that govern the borrowing activities of cities and villages.

Financing Options: Types of Bond Sales

November 6, 2014 by James M. Snyder, Partner
Once the city or village makes a decision to raise capital by means of issuance of bonds, it must next consider which method of finding a “lender” or buyer of the bonds works best. Illinois cities and villages have flexibility as to the method of sale. A competitive sale is not required.

Summary of Bonds Issued by Cities and Villages under Illinois Law

November 6, 2014 by Robert J. Schillerstrom, Partner
Summary of Bonds Issued by Cities and Villages under Illinois Law

Financing Options: Types of bonds

November 5, 2014 by James M. Snyder, Partner
There are a number of different forms of bonds/debt that a city or village may issue to meet its financing needs. These include, among others, general obligation bonds, revenue bonds, alternate revenue source bonds, debt certificates/installment contracts, leases, special service area bonds, special assessment bonds, tax anticipation warrants, tax anticipation notes, revenue anticipation notes, funding bonds and tax increment bonds. Refunding bonds have been issued more frequently in recent years due to the lower interest rate environment.

Use of Bond Proceeds by a City or Village

November 4, 2014 by Robert J. Schillerstrom, Partner
Municipal bonds, or “munis” as they are commonly called, can be issued for a variety of purposes, provided that their issuance accords with Illinois law. Commonly, cities or villages issue municipal bonds for capital projects, working capital needs or refinancing of prior debt.

What is a Bond and Why Would a City or Village Want to Issue a Bond?

November 3, 2014 by James M. Snyder, Partner
Bonds are a form of debt. In the public sector, “borrowers” or “issuers” of bonds are states, cities, villages and other local government entities that need money for a variety of reasons.

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