Healdsburg Redevelopment Agency

2010 Tax Allocation Bonds, Sotoyome Community Development Project

Meyers Nave provided bond counsel and disclosure counsel legal services for the issuance, sale, and delivery of $21 million of 2010 Tax Allocation Bonds to fund the Sotoyome Community Development Project.

Our team of attorneys worked with the Redevelopment Agency staff, fiscal consultant, bond underwriter, and trustee bank to complete the bond issue within a tight schedule, with a very favorable rating from Standard & Poor's and on attractive terms in a volatile bond market.   The proceeds of the sale will pay off $2.8 million principal amount of 1995 bonds and provide $13.5 million of additional funding for redevelopment activity within the Sotoyme Community Development Project area.

Status

Status: Completed
Completed Date: December 2010

Attorneys

Henry Har
Henry Har
Of-Counsel
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Henry Har has significant experience in public, nonprofit and project finance, focusing on deal structuring and management and document preparation as bond counsel, underwriter’s counsel and disclosure counsel in a broad range of tax-exempt and taxable financings. Henry's clients include public agencies and non-profit corporations.


 
Michael E. Gogna
Michael E. Gogna
Of-Counsel
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Mike Gogna practices in municipal code enforcement, land use and general municipal law.  He currently serves as the City Attorney for the cities of Healdsburg and Fort Bragg and as Assistant Town Attorney for the Town of Windsor. Mike has helped clients obtain compliance in major code enforcement cases in jurisdictions throughout Northern California and has prosecuted several significant code enforcement cases.


 
Samuel Sperry
Samuel Sperry
Of-Counsel
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Sam Sperry  has considerable experience in public finance, with an emphasis in the area of California land-secured financing and redevelopment agency tax allocation bond financing. He has a broad depth of knowledge in special assessment and Mello-Roos special tax financing in California and is the firm’s principal resource person on issues pertaining to Proposition 218.
 
Stephanie M. Downs
Stephanie M. Downs
Associate
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Stephanie Downs advises her clients on real estate, redevelopment and public finance matters. Her real estate and redevelopment practice encompasses the wide scope of transactions, including implementation and development of affordable housing; resolution of relocation issues; adoption, implementation and amendment of redevelopment plans; and compliance with the legal requirements of the Community Redevelopment Law. She has assisted cities, redevelopment agencies and special districts with preparation of affordable housing regulatory agreements, leases, disposition and development agreements, loan documents, purchase and sale agreements, implementation plans, easements and covenants, conditions, and restrictions. Stephanie’s public finance practice focuses on structure, negotiation and documentation for a broad range of tax-exempt and taxable financings as bond counsel, disclosure counsel and issuer’s counsel.