John C. Merchant

Experience

Bond Counsel to Kentucky's Gateway

Client: Blue Grass Airport

As gateway to the Horse Capital of the World, Lexington’s Blue Grass Airport is the primary air transportation provider for central Kentucky. The facility supports commercial flights, private aviation, cargo and, of course, horse transportation. Committed to a quality traveler experience, the airport continually updates amenities and facilities to provide passengers with the most modern and convenient services possible.

For nearly a decade, Dinsmore has served as the airport’s bond counsel, helping them secure low interest financing for growth and improvements such as runways, hangars, parking facilities, baggage belt system, car rental maintenance facility and more. 

“Dinsmore works extremely well with our financial analyst and underwriter and is now helping us with compliance/reporting issues,” said Don Sever, Director of Finance and Administration for the airport. “I really have nothing but good things to say about Dinsmore.”

The airport, which is a catalyst for economic growth in the region, is owned and operated by the Lexington-Fayette Urban County Airport Board and celebrated its 70 year anniversary in 2016.  Since 1946, the airport has grown to serving over 1.2 million passengers annually.

“I have full confidence in the firm,” Sever said.  “They are technically sound and provide great customer service.”

United by a passion for customer service, Dinsmore looks forward to the opportunity for a continued relationship with Blue Grass Airport as they grow and service passengers from all over the world.

$84,310,000 City of Cincinnati, Ohio Water System

$84,310,000 City of Cincinnati, Ohio Water System Revenue and Refunding Revenue Bonds, Series 2011A (Bond Counsel)

$307,410,000 City of Dallas, Texas Waterworks and Sewer System

$307,410,000 City of Dallas, Texas Waterworks and Sewer System Revenue Refunding and Improvement Bonds Series 2003 (underwriter's counsel)

$108,675,000 County of Hancock, Ohio (Blanchard Valley Regional Health Center)

$108,675,000 County of Hancock, Ohio Hospital Facilities Revenue Bonds, Series 2011A (Blanchard Valley Regional Health Center) (Bond Counsel)

$11,260,000 Princeton City School District School Improvement Bonds

$11,260,000 Princeton City School District School Improvement Bonds, Series 2010A (Federally Taxable - Qualified School Construction Bonds – Direct Payment to the District); $3,499,930.45 Princeton City School District School Improvement General Obligation Bonds, Series 2010B (Tax-Exempt) (Unlimited Tax); and $105,240,000 Princeton City School District School Improvement General Obligation Bonds, Series 2010C (Build America Bonds – Direct Payment to the District) (Unlimited Tax) (Bond Counsel)

$115,175,000 The Turnpike Authority of Kentucky Economic Development (Revitalization Projects) 2011 Series A

$115,175,000 The Turnpike Authority of Kentucky Economic Development Road Revenue and Revenue Refunding Bonds (Revitalization Projects), 2011 Series A (Bond Counsel)

$12,000,000 County of Henderson, Kentucky (Community United Methodist Hospital, Inc. Project)

$12,000,000 County of Henderson, Kentucky Hospital Facilities Refunding Revenue Bonds, Series 2009A (Community United Methodist Hospital, Inc. Project) and $18,000,000 County of Henderson, Kentucky Hospital Facilities Refunding Revenue Bonds, Series 2009B (Community United Methodist Hospital, Inc. Project) (Bond Counsel)

$138,635,000 Lexington-Fayette Urban County Government (Eastern State Hospital Project)

$138,635,000 Lexington-Fayette Urban County Government Public Facilities Corporation Lease Revenue Bonds, Series 2011A (Eastern State Hospital Project) (Bond Counsel)

$14,210,000 County of Henderson, Kentucky (Community United Methodist Hospital, Inc. Project)

$14,210,000 County of Henderson, Kentucky Hospital Facilities Refunding Revenue Bonds, Series 2010A (Community United Methodist Hospital, Inc. Project) (Bond Counsel)

$17,223,844.09 County of Butler, Ohio (The McCullough-Hyde Memorial Hospital Incorporated Project)

$17,223,844.09 County of Butler, Ohio Health Care Facilities Revenue and Refunding Revenue Bonds, Series 2009A (The McCullough-Hyde Memorial Hospital Incorporated Project) and $4,776,155.91 County of Butler, Ohio Health Care Facilities Refunding Revenue Bonds, Series 2009B (The McCullough-Hyde Memorial Hospital Incorporated Project) (Bond Counsel)

$2,880,000 City of Cincinnati, Ohio (Columbia Square Project)

$2,880,000 City of Cincinnati, Ohio Economic Development Revenue Bonds, Series 2009B (Columbia Square Project) (Bond Counsel)

$20,370,000 Lexington Center Corporation Mortgage Revenue Refunding Bonds

$20,370,000 Lexington Center Corporation Mortgage Revenue Refunding Bonds, Series 2008A (Disclosure Counsel)

$24,830,000 Lexington-Fayette Urban County Government General Obligation Various Purpose Bonds

$24,830,000 Lexington-Fayette Urban County Government General Obligation Various Purpose Bonds, Series 2009A (Bond Counsel)

$27,390,000 Greater Cleveland Regional Transit Authority

$27,390,000 Greater Cleveland Regional Transit Authority Capital Improvement Refunding Bonds, Series 2008B (Bond Counsel)

$31,880,000 Lexington-Fayette Urban County Airport

$31,880,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Refunding Bonds, 2009 Series A (Lexington-Fayette Urban County Government General Obligation) (non-AMT); and $16,420,000 Lexington-Fayette Urban County Airport Board Variable Rate General Airport Revenue Refunding Bonds, 2009 Series B (Lexington-Fayette Urban County Government General Obligation) (non-AMT) (Bond Counsel)

$5,000,000 Lexington-Fayette Urban County Government (First Bracktown, Inc. Project)

$5,000,000 Lexington-Fayette Urban County Government Adjustable Rate Demand Industrial Building Revenue Bonds, Series 2006 (First Bracktown, Inc. Project) and $800,000 First Bracktown, Inc. Adjustable Rate Taxable Securities, Series 2006 (Bond Counsel)

$6,500,000 Lexington-Fayette Urban County Government (Transylvania University Project)

$6,500,000 Lexington-Fayette Urban County Government Industrial Building Revenue Bonds, Series 2009 (Transylvania University Project) (Underwriter's Counsel)

$70,610,000 Lexington-Fayette Urban County Government Taxable General Obligation Pension Funding Bonds

$70,610,000 Lexington-Fayette Urban County Government Taxable General Obligation Pension Funding Bonds, Series 2009B (Bond Counsel)

$77,075,000 aggregate principal amount of Lexington-Fayette Urban County Airport Board

$77,075,000 aggregate principal amount of Lexington-Fayette Urban County Airport Board Variable Rate General Airport Revenue and Revenue Refunding Bonds, 2008 Series A (AMT); Variable Rate General Airport Revenue and Revenue Refunding Bonds, 2008 Series B (non-AMT); and Variable Rate General Airport Taxable Revenue Refunding Bonds, 2008 Series C (Lexington-Fayette Urban County Government General Obligation) (Bond Counsel)

$9,890,000 City of Cincinnati, Ohio (Graeter's Manufacturing Co. Project)

$9,890,000 City of Cincinnati, Ohio Recovery Zone Facility Revenue Bonds, Series 2009A (Graeter's Manufacturing Co. Project) (Bond Counsel)

City of Cincinnati, Ohio Unlimited Tax Various Purpose General Obligation Bonds 2010

City of Cincinnati, Ohio (i) $23,455,000 Unlimited Tax Various Purpose General Obligation Bonds, Series 2010A; (ii) $3,570,000 Unlimited Tax Various Purpose General Obligation Bonds, Series 2010B (Additional Municipal Income Tax Pledge) (the "Series 2010B Bonds"); (iii) $8,300,000 Unlimited Tax Various Purpose General Obligation Bonds, Series 2010C (Federally Taxable – Recovery Zone Economic Development Bonds – Direct Payment to the City); (iv) $9,500,000 Unlimited Tax Various Purpose General Obligation Bonds, Series 2010D (Federally Taxable – Build America Bonds – Direct Payment to the City); (v) $6,430,000 Unlimited Tax Various Purpose General Obligation Bonds, Series 2010E (Additional Municipal Income Tax Pledge) (Federally Taxable – Build America Bonds – Direct Payment to the City); (vi) $5,000,000 Unlimited Tax Economic Development General Obligation Bonds, Series 2010F (Seventh and Broadway Garage Expansion Project) (Federally Taxable); and (vii) $10,305,000 Unlimited Tax Various Purpose General Obligation Refunding Bonds, Series 2010G

Master Lease Purchase and Sublease Purchase Agreement, Licking Memorial Hospital

Master Lease Purchase and Sublease Purchase Agreement, dated as of November 1, 2009, by and among Park National Bank, the County of Licking, Ohio and Licking Memorial Hospital and Schedule of Payments Number 1 thereto, dated November 25, 2009, with respect to lease obligations in the amount of $8,000,000 (Special Counsel)

Master Lease-Purchase and Sublease-Purchase Agreement, among Fifth Third Bank, Sandusky County-Seneca County-City of Tiffin Port Authority and Heidelberg University

Master Lease-Purchase and Sublease-Purchase Agreement, dated as of March 1, 2009, among Fifth Third Bank, Sandusky County-Seneca County-City of Tiffin Port Authority and Heidelberg University and Schedule of Payments No. 1 with respect to Lease Obligations in the amount of $16,675,000 (Special Counsel)