SP&F Clients Benefit from Tax Exempt Financing

On Wednesday, August 2, the Vermont Municipal Bond Bank issued $29.9 million tax exempt “new money” bonds. The bond proceeds were used to purchase municipal bonds issued by Vermont communities, including a $625,000 bond for the Town of Charlotte to finance the acquisition of capital equipment, and $5 million in City Center TIF District capital improvement bonds for the City of South Burlington.

The Firm served as local bond counsel to both of these communities, providing advice and legal counsel on the warning and approval of the debt, as well as the content and structure of the related documents.

Feel free to call Bob Fletcher if your community or exempt organization is considering tax-exempt financing for eligible projects