Meet the Law Firm of Gilman Bell
Gilman Bell is a Bond Counsel Law Firm that Specializes is Inventing New Ways to Acquire Bond Debt .
On September 19, 2017, Beaumont Staff and Council will use the S.E.C. Cease & Desist Order as an excuse to hire another Bond Lawyer: https://beaumont.civicweb.net/document/8667/Item%201.pdf?handle=FBA3AE1DEE0248268C7F54DC59AED988
Gilman Bell is a Law Firm from the Midwest that has invented a new name for the same old bond scam; Tax increment financing (TIF).
From the Gilman Bell Website: https://www.gilmorebell.com/practice/
INFRASTRUCTURE / MUNICIPAL FACILITIES
Gilmore Bell attorneys collaborate on transactions that help finance and construct infrastructure for entities providing services to the public. These infrastructure projects include facilities for local and regional providers of services for water, cable, telecommunications, internet, sewer, electric, and gas. Other infrastructure projects include stadiums, arenas, museums/historical construction and renovation, entertainment or recreation venues or centers, fire stations, police stations, municipal buildings and halls, hospitals and nursing facilities, schools and related educational facilities. These projects have been financed with taxes, service fees or charges and pledges or contributions, and are owned and operated by cities, counties, school districts, water districts, sewer districts and other special purpose governmental entities.
WATER, SEWER & GAS UTILITIES
Our firm works on a wide range of tax-exempt financings for the purpose of constructing and improving water filtration systems, wastewater treatment facilities, and natural gas utility systems, as well as providing the infrastructure necessary to support these systems and bring services to homes and communities. As part of our practice, GilmoreBell attorneys have worked with states and local governments, special districts, revolving loan programs, and investor-owned utility projects to achieve their utility infrastructure needs.
City to create TIF districts: http://dailyjournalonline.com/news/local/city-to-create-tif-districts/article_ad631f46-ec33-596f-872f-c3bf7e73a195.html
The Leadington Board of Aldermen took the first step in developing three Tax Increment Financing districts to encourage economic development in the city when it met in regular session Tuesday night at the municipal building.
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community improvement projects.
“One will be a large portion of the [St. Francois] Plaza and the property behind it,” said City Clerk Debbie Eggers. “Then the second district will be on city hall’s side of Highway 32 up to Maple Street, excluding the storage units. A majority of the third district is made up of fields and undeveloped property by Auto Plaza Chrysler Dodge Jeep Ram.”
Mark Spykerman of Gilmore & Bell, a public finance law firm that represents states, counties, school districts and other governmental and quasi-governmental entities as bond counsel in public finance transactions, spoke to board members about the process of developing a TIF District. He recommended that a TIF meeting be held in October and a public hearing in early December with another meeting at the end of December.
The board approved a motion entering into a “letter of engagement” with Gilmore & Bell who will guide the city through the process.
Leslie Seabaugh, of the Southeast Missouri Regional Planning and Economic Development Commission, spoke to the aldermen about the process of the city signing a “letter of agreement” with the Economic Development District that offers planning and economic development services to the counties of St. Francois, Ste. Genevieve, Bollinger, Cape Girardeau, Iron, Madison and Perry, along with the municipalities within the seven counties. He also explained to the aldermen what the commission does on behalf of a city in the development of a TIF District.
The board approved a motion for the letter of agreement with the commission, as well as an ordinance establishing a TIF commission.
OSAGE BEACH, Mo. Population: 4,456
Osage Beach Approves $4.5M TIF For New Development; Project Set For Completion In Spring 2019 . TIF will cover 15% of project cost for 131,000 square foot retail center
by Jay Eastlick Sep 9, 2017 Updated Sep 12, 2017 http://www.lakeexpo.com/real_estate/osage-beach-approves-m-tif-for-new-development-project-set/article_03c01254-95de-11e7-bfe2-ab9e6d76b731.html
— A developer’s proposal to transform almost 14 acres of land at and around the Golden Door Motel and the vacant Jake’s Steak & Fish restaurant into a $30.5 million retail development cleared a final hurdle Thursday.
The Osage Beach Board of Aldermen voted unanimously to approve a Tax Increment Financing (TIF) agreement between the city the project’s developer, TSG Osage Beach, LLC. The board will consider final approval of the ordinance at its next board meeting in two weeks.
David Bushek, an attorney with Gilmore & Bell in Kansas City, helped to craft the contract, which filled 83 pages with various attachments and exhibits. The total amount of the TIF reimbursement requested by the developer is $4.55 million, or about 15 percent of the total project costs.
The project also includes the establishment of a Community Improvement District, which lets the developer impose a 1 percent sales tax, which is expected to generate another $2 million.
In return, the plan calls for a 131,000-square-foot retail center, expected to contain a mix of retail tenants and restaurants. City officials have said construction should begin this year, with completion expected by the spring of 2019.
Deadline extended for Swafford’s Ford bond closures: https://www.richmond-dailynews…
By Leah Wankum, Editor
Tax rates are set for Richmond residents for the 2017 calendar year.
The Richmond City Council also set in a 7-0 vote the tax rates for Richmond after a public hearing during the council meeting Aug. 22. The tax levy for general revenue was set at $0.6499 per $100 assessed valuation; the park levy was set at $0.1622 per $100 assessed valuation; and the debt service, or general obligation bonds approved by voters to fund the waterworks and sewer systems, was set at $0.3830 per $100 assessed valuation.
Tonya Willim, city clerk, said this ordinance sets the tax rates for the 2017 calendar year. Rebecca Hoeflicker, Richmond finance director, said the debt service rate is the only different rate compared to last year’s tax levies.
In other business, the council also approved 7-0 amending its economic development agreement with Swafford’s Ford Sales.
Toni Stegeman with Gilmore & Bell in Kansas City said the company experienced unavoidable delays with its third-party financing, which meant the closing of the bonds did not occur June 30, the original closing date.