Experience

$8,305,000 Certificates of Participation (Richmond Heights Local School District, Cuyahoga County, Ohio, School Facilities Project), Series 2018

$8,305,000 Certificates of Participation (Richmond Heights Local School District, Cuyahoga County, Ohio, School Facilities Project), Series 2018 (KeyBanc Capital Markets – Underwriter’s Counsel)

$9,255,000 County of Lucas, Ohio Capital Facilities Improvement Bonds, Series 2018

$9,255,000 County of Lucas, Ohio Capital Facilities Improvement Bonds, Series 2018 (Stifel, Nicolaus & Company – Underwriter’s Counsel)

$97,065,000 Kentucky Bond Development Corporation Transient Room Tax Revenue Bonds

$83,605,000 Kentucky Bond Development Corporation Transient Room Tax Revenue Bonds, Series 2018A (Lexington Center Corporation)
$13,460,000 Kentucky Bond Development Corporation Transient Room Tax Revenue Bonds, Subordinate Series 2018B (Lexington Center Corporation), (Disclosure Counsel)

Master Lease Purchase Agreement

Master Lease Purchase Agreement, dated as of July 15, 2018 by and between Banc of America Public Capital Corp and the City of Cincinnati, Ohio and Schedule of Payments Number 1 thereto, dated July 31, 2018, with respect to lease obligations in the amount of $4,607,500.00 (Bond Counsel)

Master Lease Purchase and Sublease Purchase Agreement, Licking Memorial Hospital

Master Lease Purchase and Sublease Purchase Agreement, dated as of October 1, 2018, by and among Park National Bank, the Heath-Newark-Licking County Port Authority and Licking Memorial Hospital and Schedule of Payments Number 1 thereto, dated October 11, 2018, with respect to lease obligations in the amount of $10,000,000 (Special Counsel)

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.

Successfully Defended the Kentucky Local Government General Obligation Bond Laws Adopted After an Amendment of the Kentucky Constitution, Chandler v. City of Winchester

$47,610,000 Western Kentucky University General Receipts Bonds, 2009 Series A

Higher education capital improvement bonds

$174,335,000 The Turnpike Authority of Kentucky Economic Development (Revitalization Projects) 2017 Series A

$27,415,000 The Turnpike Authority of Kentucky Economic Development Road Revenue Bonds (Revitalization Projects), 2017 Series A
$146,920,000 The Turnpike Authority of Kentucky Economic Development Road Revenue Refunding Bonds (Revitalization Projects), 2017 Series B (Bond Counsel)

$23,725,000 Cleveland-Cuyahoga County Port Authority Economic Development Facilities Revenue Improvement Bonds

$17,255,000 Economic Development Facilities Revenue Improvement Bonds, Series 2017A (Centers For Dialysis Care Project)
$6,470,000 Economic Development Facilities Revenue Improvement Bonds, Series 2017B (Federally Taxable) (Centers For Dialysis Care Project) (Bond Counsel)

$54,880,000 Lexington-Fayette Urban County Government General Obligation Bonds

$32,435,000 Lexington-Fayette Urban County Government Various Purpose General Obligation Bonds, Series 2017A
$22,445,000 Lexington-Fayette Urban County Government Taxable General Obligation Pension Funding Refunding Bonds, Series 2017B (Bond Counsel)

$75,595,000 City of Cincinnati, Ohio Water System

$75,595,000 Water System Refunding Revenue Bonds, Series 2017A (Bond and Disclosure Counsel)

$82,905,000 City of Cincinnati, Ohio General Obligation Bonds

$82,200,000 City of Cincinnati, Ohio Unlimited Tax Various Purpose General Obligation Improvement and Refunding Bonds, Series 2017A
$705,000 City of Cincinnati, Ohio Unlimited Tax Various Purpose General Obligation Refunding Bonds, Series 2017B (Federally Taxable) (Bond and Disclosure Counsel)

$85,150,000 Village of Bluffton, Ohio (Blanchard Valley Regional Health System)

$85,150,000 Village of Bluffton, Ohio Hospital Facilities Revenue Refunding Bonds, Series 2017 (Blanchard Valley Health System) (Bond and System Counsel)

$119,575,000 City of Cincinnati, Ohio Water System

$25,000,000 Water System Revenue Bonds, Series 2016A
$29,745,000 Water System Refunding Revenue Bonds, Series 2016B
$64,830,000 Water System Refunding Revenue Bonds, Series 2016C (2019 Crossover) (Bond and Disclosure Counsel)

$15,410,000 Greater Cleveland Regional Transit Authority

$15,410,000 Greater Cleveland Regional Transit Authority Sales Tax Supported Capital Improvement Refunding Bonds, Series 2016 (Bond Counsel)

$35,920,000 County of Franklin, Ohio, Series 2016 Bonds

$22,430,000 County of Franklin, Ohio Various Purpose Improvement and Refunding General Obligation Bonds, Series 2016 (Limited Tax) (Tax-Exempt)
$6,990,000 County of Franklin, Ohio Taxable Special Obligation Refunding Bonds, Series 2016 (Stadium Facility Project)
$6,500,000.00 County of Franklin, Ohio Sewer Improvement Notes, Series 2016 (General Obligation – Limited Tax) (Tax-Exempt) (Loop Capital Markets LLC – Underwriter’s Counsel)

$42,590,000 Lexington-Fayette Urban County Government Public Facilities Corporation Mortgage Revenue Refunding Bonds

$42,590,000 Lexington-Fayette Urban County Government Public Facilities Corporation Mortgage Revenue Refunding Bonds (Court Facilities Project) Series 2016 (Disclosure Counsel)

$58,410,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Bonds

$4,840,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Bonds, 2016 Series A (Lexington-Fayette Urban County Government General Obligation) (Non-AMT)
$4,880,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Bonds, 2016 Series B (Lexington-Fayette Urban County Government General Obligation) (AMT)
$39,095,000 Lexington-Fayette Urban County Airport Board General Airport Revenue and Revenue Refunding Bonds, 2016 Series C (Lexington-Fayette Urban County Government General Obligation) (Federally Taxable)
$5,345,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Bonds, 2016 Series D (Lexington-Fayette Urban County Government General Obligation) (Non-AMT)
$4,250,000 Lexington-Fayette Urban County Airport Board General Airport Revenue Refunding Bonds, 2016 Series E (Lexington-Fayette Urban County Government General Obligation) (Non-AMT)) (Bond and Disclosure Counsel)

Our Smaller Municipal Clients Highly Valued – Bond Counsel and Construction Counsel

A small, rural school district unfortunately experienced a failing HVAC system in the middle of a cold, Ohio winter. With our assistance, they developed a project delivery method for a new system complying with the myriad of Ohio construction laws applying to political subdivisions and the project was financed, delivered and completed all within a budget acceptable to our client.

IRS Letter Ruling gives school district extra time to spend bond proceeds

We obtained an IRS Private Letter Ruling to allow a public school district an extension to spend qualified school construction bond proceeds. The school would have had to spend the tax advantaged bond proceeds within three years, but the Letter Ruling allowed the district additional time to spend the bond proceeds due to unforeseen circumstances outside of the school district’s control.

$8,815,000 Various Purpose Limited Tax General Obligation Refunding Bonds, dated 10/14/15

$40,284,966 School Improvement Bonds, dated 10/11/05

$8,580,000 School Improvement Refunding Bonds, dated 9/3/15

Issuer’s Counsel for $23 million bond used for continuing care retirement community

We were Issuer’s Counsel on a $23 million bond issuance. The money was used to refinance $18 million of previous bonds and $5 million to upgrade the facilities at a non-profit continuing care retirement community.

$30.4 million bond used to renovate building at state university

We acted as bond counsel for a public university for the first issue of Green Bonds by a public university in the nation. The proceeds were used to fund a portion of the renovation of a building.

$91.4 million two series of bonds used to renovate public university’s football stadium

We acted as bond counsel for a public university for two issues, the proceeds of which were used to renovate the university’s football stadium. We worked with the University Architect’s office, internal tax counsellors, Athletic Department and Foundation to determine which parts of the project could be financed on a tax-exempt basis and which had to be financed on a taxable basis.

Borrower’s Counsel to private university for refunding issues

We acted as Borrower’s counsel to a private university for three refunding issues of the State of Ohio, two of which were privately placed and one of which was sold publicly. We assisted the university with matters concerning existing swap agreements, financial covenants, continuing disclosure issues and real estate matters.

$324 million bond used to acquire and construct Orthopedic and Spine Center project

We acted as bond counsel for a county in Ohio for the $324 million Healthcare Facilities Revenue Bonds, Series 2012, the proceeds of which were used to acquire and construct the Orthopedic and Spine Center Project at a hospital campus.

Falling interest rates lead to Arbitrage Rebate recovery overpayment for city

We were able to request and obtain from the IRS recovery of an arbitrage rebate overpayment for a city. Due to interest rates falling, we were able to request and recover approximately $100,000 of a rebate overpayment from the IRS.

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