$4,000,000 The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds(Pershing Park Apartments Project) Series 2008. The proceeds of the bonds will be used to rehabilitate and equip the Pershing Park Apartments, a 160 unit development located in Memphis, Tennessee. The Firm served as Issuer's Counsel on this transaction, which closed on August 28, 2008.
$17,000,000 The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee Variable Rate Demand Revenue Bonds (Lane College Project), Series 2008. The proceeds of the bonds will be used to finance or refinance the construction of a 120 bed men's dormitory and a science building and the cost of acquiring real property adjacent to the Lane College campus. The Firm served as Sole Bond Counsel and Issuer's Counsel on the transaction. This transaction closed on August 19, 2008.
The City of Memphis, Tennessee $96,930,000 Electric System Subordinate Revenue Refunding Bonds, Series 2008. The proceeds of the bonds were used to refund all of the outstanding Electric System Subordinate Revenue Bonds of the Memphis, Light Gas and Water Division, Series 2003B, which were issued along with the Series 2003A Bonds to prepay for capacity costs of electricity that Memphis, Light, Gas and Water will acquire from the Tennessee Valley Authority for a period of 15 years. The Firm served as Underwriter's Counsel on this transaction, which closed on July 2, 2008.
$6,220,000 The Health, Educational, and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Ridgecrest Apartments Project) Series 2008. The proceeds of the bonds will be used to rehabilitate and equip the Ridgecrest Apartments, located in Memphis, Tennessee. The Firm served in the role of Issuer's Counsel. This transaction closed on May 30, 2008.
$11,500,000 The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee Variable Rate Demand Multifamily Housing Revenue Bonds (Ashland Lakes II Apartments Project), Series 2008A and $3,000,000 The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee Taxable Variable Rate Demand Multifamily Housing Revenue Bonds (Ashland Lakes II Apartments Project), Series 2008B. The proceeds of the bonds will be used to construct and equip the Ashland Lakes Apartments Phase II, located in Shelby County, Tennessee. The Firm served in the role of Issuer's Counsel. This transaction closed on May 15, 2008.
The City of Memphis, Tennessee $99,735,000 General Improvement Bonds, Series 2008. The proceeds of the Bonds will be used to finance the cost of public works projects in the City of Memphis and also to retire certain of the City's outstanding bond anticipation notes. The Firm served as Co-Bond Counsel. This transaction closed on May 1, 2008.
The Memphis-Shelby County Airport Authority $90,375,000 Airport Refunding Revenue Bonds, Series 2008A. The proceeds of the Bonds were issued to restructure and reduce the Authority's interest rate exposure by refunding its auction rate securities which had spiked due to material disruptions in the capital markets. The Bonds priced the refunded securities as fixed rate obligations. The Firm served as Sole Underwriters' Counsel. The transaction closed on April 1, 2008.
