March 2011

 

Paying Agents and New Deadlines  

Effective immediately, The Depository Trust Company (DTC) has changed the way they are processing principal and interest payments (P&I payments) on municipal securities.

 

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Conferences and Presentations

 

Ehlers SealBe sure to stop by and say hello to us at any of the upcoming conferences!

Click here to see the schedule.

 

 

Featured Article

How to Think Like a Developer and Act Like a Public Works Official

 

by Jessica Cook, Financial Advisor

 

There are actions cities can take to make their sites marketable - and public works staff play a key role.

 

Jessica explores how four ways to be prepared for when the market turns around on Page 8 of the American Public Works Association's Chalkline.

 

 

Have You Bookmarked DemysTIFication? 

 

Readership continues to grow for our TIF blog: DemysTIFication: How Change Happens Incrementally. Be sure to bookmark our site so you can check in on what's new with TIF.

 

Have you read this week's posts? 

 

 

 

Spring Fun Facts 

Spring by Anna MarintzAccording to the calendar, spring is here, but looking outside of the window, we are still in winter's grasp.  

Click here to test your knowledge about spring and to try and stay warm until it officially arrives in Minnesota! 

Greetings!

Welcome to the spring edition of The Advisor.

 

Spring always means it's time for renewal. In this issue we look back to our Ehlers Public Finance Seminar, and then spring forward to some current issues like new paying agent deadlines, state and federal loan programs, and bond pools.

Additionally, the entire Ehlers team is extending our congratulations to the City of Osseo, for being named CEAM's Project of the Year.

Think spring! 

 

Steve Apfelbacher 

Steve Apfelbacher

President and CEO

sapfelbacher@ehlers-inc.com

 

 

State and Federal Loan Programs: Once Authorized, Borrowing Money is Easy; Repayment is the Difficult Part

by Todd Hagen, Financial Advisor

 

Todd HagenFor over fifty years Ehlers has been assisting communities finance capital improvements.

Some things remain constant; every year projects become more expensive, the needs do not go away, and finding funds to pay back debt is always perplexing.

 

State and Federal governments have developed financing programs to assist local governments with sewer, water and transportation needs. Too often a project is delayed or canceled before the full fiscal ramifications are known; or worse yet, a project proceeds without knowing the financial impacts.  Either way, the community suffers the consequences.

 

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Downtown Osseo Central Avenue Reconstruction Project Named CEAM's

Project of the Year 

by  Rebecca Kurtz, Financial Advisor

 

Rebecca Kurtz

The City of Osseo was awarded Project of the Year for their Downtown Osseo Central Avenue Reconstruction Project from the City Engineers Association of Minnesota (CEAM) on January 26, 2011 as part of CEAM's Annual Conference.

 

Entries were judged on the public benefit and service nature of the project, innovative design characteristics, construction management and control techniques, environmental considerations in the design, community relations and involvement during construction, safety performance, and quality of the overall end product.

 

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Central Avenue, Osseo, MN   

 

 

Bond Pools: Are They The Best Choice For You? 

by Dave Callister, Financial Advisor

 

Dave Callister

There are many options for financing public improvement projects.  One of those options is to obtain financing from a tax-exempt bond or loan pool. 

 

These pools claim to offer flexibility, low issuance costs and attractive rates by issuing a large pool of bonds and then distributing smaller loan amounts to individual communities.  The pool provides smaller entities with low borrowing requirements to reduce the underwriting and interest costs inherent in a small issue.

 

One of the problems with bond or loan pools is contained in one simple statement, "One size does not fit all."  Every community has unique needs that may not be consistent with the needs of other communities in the pool.

 

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Recapping the 2011 Ehlers Public Finance Seminar

by Mark Ruff, Financial Advisor

 

jon northEvery year, Ehlers provides seminars and educational programs on topics of interest in the area of public finance.

 

The presenters at this year's seminar have worked directly on a number of projects and have a vast knowledge of how public finance works and how to help communities grow.

 

Attendees at Ehlers Public Finance Seminar experienced a wide-range of topics and presenters, covering debt issuance, economic development, and more.

 

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