Public and Project Finance
For more than 20 years, Neal & Leroy has been involved in all aspects of public finance. We have acted as bond counsel, issuer’s counsel, or underwriter’s counsel in many kinds of municipal financing, including general obligation bonds, revenue bonds, certificates of participation, industrial development bonds and equipment leasing. We have also represented bond trustees in such transactions. We work well with and coordinate the efforts of financial advisors, underwriters and rating agencies. Three of our attorneys, Langdon D. Neal, Anne L. Fredd and Richard F. Friedman are listed as bond counsel in the Bond Buyer’s Municipal Marketplace Directory.
Our attorneys represent public agencies or private firms in development projects of any size. In this capacity, we have worked with such financing entities as the Illinois Development Finance Authority, the Illinois Educational Facilities Authority, United States Department of Housing and Urban Development, the Illinois State Toll Highway Authority, Chicago School Finance Authority, the Illinois Capital Development Board, the Board of Trustees of the University of Illinois, the Chicago Board of Education and the Public Building Commission of Chicago.
We counsel our clients in the legalities of their financial obligations and the structure of the transactions consistent with tax laws, municipal authority and constitutional parameters.
We successfully represented participants in such publicly financed and well-known projects as the University of Illinois South Campus expansion project, the Medinah Temple redevelopment, Illinois State Toll Highway reconstruction, numerous projects for McCormick Place expansions, White Sox Park and the United Center.
Our public finance experience also includes smaller projects, involving public financial assistance, such as tax increment financing and other municipal grant assistance.
Key Representative Matters
- Representation of Cook County in defense of Disadvantaged Business Program Representation of issuers, indemnities, credit providers and trustees in over thirty issues of municipal bonds.
- Participated in various public finance offerings as Issuer’s Counsel, Bond Counsel and Underwriters’ Counsel.
- Represent municipal corporation engaged in acquiring, funding, constructing and renovating public improvements.