Practice / Our Practice Areas
GilmoreBell attorneys have served as bond counsel for numerous airport financings throughout the Midwest. By developing customized transaction structures and tapping creative financing sources, our attorneys have assisted issuers large and small in accomplishing their air transportation financing and refinancing goals. Drawing on our depth of experience in the area, our attorneys have teamed with communities to complete a wide range of high-profile air transportation projects, including construction of the new “ACT 3” terminal at Wichita Dwight D. Eisenhower National Airport, renovations of Kansas City International Airport, and the development and construction of Branson Airport.
WATER, SEWER & GAS UTILITIES
Our firm works on a wide range of tax-exempt financings for the purpose of constructing and improving water filtration systems, wastewater treatment facilities, and natural gas utility systems, as well as providing the infrastructure necessary to support these systems and bring services to homes and communities. As part of our practice, GilmoreBell attorneys have worked with states and local governments, special districts, revolving loan programs, and investor-owned utility projects to achieve their utility infrastructure needs.
GilmoreBell attorneys have substantial experience serving as bond counsel for kindergarten through twelfth-grade (K-12) educational projects. These projects provide facilities and programs that support the development of educational services for children in local communities. As part of our bond counsel practice in this area, our attorneys assist public school districts and organizations, charter schools, parochial schools, and other private school entities with meeting their financing goals. GilmoreBell regularly serves as bond counsel and special tax counsel on transactions of every scope and size – from small financing leases of school computers and equipment to large-scale, multi-facility construction projects.
GilmoreBell attorneys have extensive experience working on transactions that benefit public and private colleges and universities of higher education located throughout the United States. Financings include academic, administrative, housing, recreational, stadium, and other campus buildings and improvements, as well as working capital and student loan program financings. Whether serving in the capacity of bond counsel, underwriter’s counsel, or purchaser’s counsel, our attorneys work closely with other members of the financing team to provide flexible solutions for higher education institutions.
HEALTHCARE & LONG-TERM CARE
GilmoreBell serves as bond counsel, underwriter’s counsel and purchaser’s counsel for healthcare and senior living financings throughout the United States. As bond counsel, GilmoreBell attorneys have extensive experience with traditional and customized tax-exempt and taxable financings for a wide range of healthcare and senior living providers. These providers include nonprofit and governmental health systems, hospitals, academic medical centers, ambulance providers, medical air transport providers, continuing care retirement communities, and nursing homes.
OTHER NONPROFIT FACILITIES
GilmoreBell serves as bond counsel, underwriter’s counsel, and purchaser’s counsel on financing transactions for various nonprofit facilities, such as museums, performing arts centers, research institutions, zoos, charities and other cultural and nonprofit facilities. Representative projects include construction of the Kauffman Center for the Performing Arts and the expansion of and renovation to the St. Louis Art Museum.
GilmoreBell attorneys assist borrowers that wish to utilize state and federal tax incentives available for qualifying manufacturing projects. Through the issuance of industrial development revenue bonds, eligible companies may construct and permanently finance their projects on a tax-exempt basis. Our attorneys work with local governmental entities that issue industrial development revenue bonds to ensure all state and federal demands are satisfied. We are familiar with the various requirements imposed on these borrowers and projects by the Internal Revenue Code and work with other financing parties to navigate them successfully.
Since its formation, GilmoreBell has been a leader in both multifamily housing revenue bonds and single family mortgage revenue bond transactions, issuing opinions relating to billions of dollars of housing bonds.
Our attorneys work closely with issuers, borrowers, developers, tax credit partners and others to structure low-income and market-rate multifamily housing project financings in a cost-effective manner. GilmoreBell attorneys help guide the financing team through the intricate federal tax rules applicable to multifamily housing bonds.
GilmoreBell has helped structure hundreds of single-family bond issues, including pass-through mortgage-backed tax-exempt securities and bonds secured by securities backed by GNMA, Fannie Mae and Freddie Mac. The firm has also assisted housing agencies in establishing and operating home mortgage programs financed through the sale of securities in the TBA market.
The United States and all of its cities, towns, and local communities are connected by an intricate network of highways, streets, bridges, and railways. Through the use of taxable and tax-exempt financings, communities are able to fund their desired transportation projects in the most cost-effective manner. GilmoreBell has served as bond counsel and disclosure counsel on countless transportation projects that include street repairs, toll roads and bridges, bus and light rail transit systems, street cars, and other mass transportation facilities.
GilmoreBell has served as bond counsel for numerous public power financings and refinancings. Our attorneys provide critical legal and business advice and analysis to our public utility clients to assist with achieving their financing objectives, accessing both the public markets and private capital. We have played a critical role in financings for large- and small-scale projects, and everything in between, guiding our clients throughout the financing process and beyond. Our attorneys have served traditional public utilities, joint power agencies, and others on a multitude of high-profile projects, including the development and construction of a 56 MW natural gas power plant for Coffeyville Municipal Light and Power, as well as acquisitions of ownership interests in several power plants, including the Plum Point Energy Station, a 670 MW coal-fired power plant in Osceola, Arkansas, and the Iatan Power Station – Unit 2, an 850 MW (net) coal-fired generating unit in Weston, Missouri.
Local governments recognize the important role that targeted economic incentives play in the development and revitalization of urban, suburban and rural economies. GilmoreBell regularly serves as special economic development counsel for municipalities in connection with development and redevelopment projects. To satisfy infrastructure needs, the firm’s economic development attorneys represent cities and counties in the formation and administration of special taxing districts, such as community improvement districts and transportation development districts. Our attorneys have been involved with creative tax increment financing (TIF) plans to finance large and small economic development projects and the issuance of tax-exempt and taxable bonds to create new commercial facilities and new jobs. By focusing on targeted tax abatement, new development and the expansion of existing businesses and facilities are incentivized.
INFRASTRUCTURE / MUNICIPAL FACILITIES
GilmoreBell attorneys collaborate on transactions that help finance and construct infrastructure for entities providing services to the public. These infrastructure projects include facilities for local and regional providers of services for water, cable, telecommunications, internet, sewer, electric, and gas. Other infrastructure projects include stadiums, arenas, museums/historical construction and renovation, entertainment or recreation venues or centers, fire stations, police stations, municipal buildings and halls, hospitals and nursing facilities, schools and related educational facilities. These projects have been financed with taxes, service fees or charges and pledges or contributions, and are owned and operated by cities, counties, school districts, water districts, sewer districts and other special purpose governmental entities.