Dirk M. Bedarff

Experience

$64.4 million Kentucky Infrastructure Authority Wastewater and Drinking Water Revolving Fund Revenue Refunding Bonds

In 2010, the Kentucky Infrastructure Authority issued its first series of cross-collateralized wastewater and drinking water revenue bonds for its federally assisted wastewater and drinking water fund programs under a new program indenture we developed as bond counsel that secured AAA ratings from all three rating agencies. In 2015, the Authority, with our assistance as bond counsel, was able to take advantage of declining interest rates to refund certain maturities of the 2010 Bonds, thereby achieving substantial debt service savings.

$1,735,000 County of Bourbon, Kentucky General Obligation Bonds, Series 2017 (Bond Counsel)

We served as bond counsel on a $17.3 million revenue bond issue to construct improvements at Scott High School in Kenton County, Kentucky. Utilizing an annually renewable lease agreement between the school district’s finance corporation and the school district and a biennially renewable participation agreement between the school district and the Kentucky School Facilities Construction Commission the tax-exempt bonds rated AA3 by Moody’s were able to be issued to finance needed improvements and renovations at one of the school district’s high schools.

$80,000,000 Louisville and Jefferson County Metropolitan Sewer District Sewer and Drainage System Revenue Bonds, Series 2015A (Bond Counsel)

Sewer and drainage system improvements

$9,380,000 City of Owensboro, Kentucky General Obligation Bonds, Series 2016D and $6,565,000 General Obligation Bond Anticipation Notes, Series 2016 (Bond Counsel)

We served as bond counsel on three general obligation bond issues for the City of Owensboro, Kentucky, two of which were issued on a tax-exempt basis, and one of which was issued on a taxable basis. The issuance of the bonds enabled the City to complete multiple major downtown development projects, including a new convention center, performing arts center improvements and recreational facilities. Additionally the bonds funded an expansion to a major economic development project, creating additional opportunities for City residents.

$226,340,000 Louisville and Jefferson County Metropolitan Sewer District Sewer and Drainage System Subordinated Bond Anticipation Notes, Series 2013 (Bond Counsel)

$226,340,000 Louisville and Jefferson County Metropolitan Sewer District Sewer and Drainage System Subordinated Bond Anticipation Notes, Series 2013 (Bond Counsel)

$111,345,000 Kentucky Infrastructure Authority Wastewater and Drinking Water Revolving Fund Program Revenue Bonds, Series 2012A (Bond Counsel)

$111,345,000 Kentucky Infrastructure Authority Wastewater and Drinking Water Revolving Fund Program Revenue Bonds, Series 2012A (Bond Counsel)

$150,000,000 Louisville and Jefferson County Metropolitan Sewer District Sewer and Drainage System Revenue Bonds, Series 2016A; $28,315,000 Sewer and Drainage System Revenue Refunding Bonds, Series 2016B and $67,685,000 Sewer and Drainage System

Sewer and drainage system improvements; refundings of prior bonds

$19,400,000 Kenton County School District Finance Corporation School Building Revenue Bonds, Series 2016B (Bond Counsel)

School building improvements

$2,650,000 City of Covington, Kentucky Taxable General Obligation Recovery Zone Economic Development Bonds, Series 2010 (Bond Counsel)

Multiple

$20,942,000 University of Louisville General Receipts Bonds, Taxable Qualified Energy Conservation Bonds, 2010 Series B (Bond Counsel)

Energy savings improvements in educational buildings

$21,660,000 County of Daviess, Kentucky Taxable General Obligation Build America Bonds, Series 2010 (Bond Counsel)

Convention center construction

$29,235,000 County of Floyd, Kentucky Adjustable Rate Demand Hospital Facilities Revenue Refunding and Improvement Bonds, Series 2007 (Highlands Regional Medical Center Project) (Bond Counsel)

Health Care facilities

$3,620,000 Ohio County Public Facilities Corporation Health Care Facilities Revenue Bonds, Series 2010 (Ohio County Hospital Project) (Bond Counsel)

$3,835,000 Logan County, Kentucky Public Properties Corporation First Mortgage Revenue Refunding Bonds, Series 2010 (Detention Facilities Project) (Bond Counsel)

Detention facilities refunding

$4,225,000 City of Paducah, Kentucky Taxable General Obligation Refunding Bonds, Series 2014B (Police and Firefighters Pension Plan) (Bond Counsel)

Refunding of pension fund liabilities

$45,295,000 University of Louisville General Receipts Bonds, 2016 Series D; $5,290,000 Taxable General Receipts Bonds, 2016 Series E; and $27,625,000 General Receipt Refunding Bonds, 2016 Series F (Bond Counsel)

Athletic facility improvements and refunding

$50,000,000 Alabama Municipal Funding Corporation Variable Rate Municipal Funding Notes, Series 2008A (Bank Counsel)

Pooled project financing for Alabama local governments

$50,000,000 Missouri Development Finance Board Commercial Paper Lease Revenue Notes (Missouri Association of Municipal Utilities Program), Series 2006A (Letter of Credit Bank Counsel)

Pooled project financing for Missouri local government utilities

$68,575,000 Certificates of Participation (Commonwealth of Kentucky State Office Building Project) (Bond Counsel)

We served as special counsel (bond counsel) on a $68.5 million Certificates of Participation financing structure to construct a new 371,160 square foot office building for use by the Commonwealth of Kentucky in Frankfort, Kentucky. The complicated Public-Private Partnership structure (P3), developed in response to a request for proposals issued by the Commonwealth in 2014, provides for the design build construction of an office building to be occupied by the Commonwealth of Kentucky upon completion. Utilizing a biennially renewable lease financing agreement and a management agreement satisfying specific requirements of the Internal Revenue Code for post completion operation and maintenance, a tax-exempt structure secured by the Commonwealth’s biennially renewable lease payment obligation (rated Aa3 by Moody’s Investors Service) was developed that addressed both pre-occupancy construction risk factors as well as the ongoing debt service and operational aspects of the project.

$85,000,000 Kentucky Bond Development Corporation Hospital Facilities Revenue Refunding Bonds, Series 2016 (Saint Elizabeth Medical Center Inc.) (Bond Counsel)

Refunding of bonds for health care facilities