Representative Transactions

• Served as bond counsel and developer’s counsel in connection with the 2022  issuance by the Columbus-Franklin County Finance Authority of $52 million in revenue obligations and 4% tax credits to finance the Retreat at Scioto Creek, a 264-unit multifamily affordable housing project in Columbus, Ohio. The Ice Miller team worked with Columbus City Council and the City’s Department of Development to establish a new community reinvestment area tax exemption district and assisted the developer in establishing evidence of the requisite conditions (i.e. blight) within the CRA District to support its creation, resulting in a 15 year property tax abatement.  
• Served as bond counsel and developer’s counsel in connection with the issuance by the Columbus-Franklin County Finance Authority of $42 million of Multifamily Revenue Bonds to finance Darby Crossing Apartments, a 260-unit affordable multifamily housing rental project located in Columbus, Ohio, utilizing a port authority lease/leaseback structure to obtain sales tax savings on construction materials. In addition, assisted the client in securing a 15-year tax abatement for the property.
• Served as developer counsel in connection with the establishment of a County linked deposit program which enabled the developer to secure long-term bank financing for Lockbourne Green, a 60-unit multifamily affordable housing project on the south side of Columbus, Ohio.
• Served as bond and developer counsel in connection with the substantial rehabilitation of Biltmore Towers, a 230 unit senior affordable multifamily housing project located in Dayton Ohio, providing the developer with a sales tax exemption for construction materials, utilizing a cash collateral structure together with FNMA M-TEBS in order to create a blended arbitrage yield.
• Served as bond counsel in connection with the 2019  issuance of approximately $365 million of tax-exempt revenue bonds by the Arizona Industrial Development Authority to finance the acquisition by Great Lakes Senior Living, Inc. (a single member 501(c)(3) corporation) of eight senior living facilities that qualified as affordable housing from Common Sail Investment Group, Inc. and/or its affiliates.
• Served as bond counsel for six separate bond issues, four of which were included in a single obligated group under a master trust indenture structure, for developer of senior multifamily housing in Ohio and Indiana, with a total issuance of approximately $200 million.

• Served as counsel to a Township in connection with the issuance of tax increment finance revenue bonds in connection with the acquisition of property adjacent to and supporting a residential housing development.
• Drafted documents establishing the minority capital loan program for the Council of Development Finance Agencies.
• Served as counsel to the developer in connection with the $30 million rejuvenation of the Kelton Avenue Streetcar Barn and Machine Shop on the Near East Side of Columbus, into a mixed-use project. Drafted the legislation for the formation of a downtown redevelopment district and acted as counsel to the developer in assembling the capital stack for the project, which include new market tax credits, state and federal historic tax credits, a leveraged loan from OCCH, as well as state and local contributions.
• Served as bond counsel and/or disclosure counsel to the port authorities in connection with the financing of a for-profit senior living facility with tax-exempt lease revenue bonds, the financing of infrastructure related to a major logistics center in the City of Union, Ohio, and the financing of energy improvements (utilizing special assessments) for Crawford Hoying in the City of Dayton.
• Acted as counsel to Columbus Outlets, LLC (a joint venture of Simon Properties and Tanger Outlets) in connection with the financing of infrastructure for a 400,000 square foot outlet mall at the intersection of US-36/SR-37 and I-71 in Delaware County, Ohio, opening in 2016. Assisted the Developer in establishing a new community authority with the power to levy charges based on retail sales as well as a TIF District. In December 2018, the Delaware County Finance Authority issued tax-exempt bonds secured by community development charges and TIF revenues, the proceeds of which were used to reimburse the Developer for its out-of-pocket costs.