On October 23, 2012, WSH lawyers Mitchell J. Burnstein, Jeffrey DeCarlo, and Chad S. Friedman were successful in validating $500,000,000 in bonds on the behalf of the Green Corridor Property Assessment Clean Energy (PACE) District (the “District”), which is located within Miami-Dade County and currently includes the geographic boundaries of the City of Miami, City of Coral Gables, City of South Miami, Village of Pinecrest, Village of Palmetto Bay, Town of Cutler Bay, and Miami Shores Village. The District intends to use the bond proceeds to finance energy efficient (i.e. Energy star rated HVAC units), renewable energy (i.e. solar panels), and wind hardening improvements (i.e. impact resistant windows) on private properties within the District. These bonds will be paid for by voluntary special assessments to be placed on properties that chose to participate in the program.
Led by Partner Jeffrey DeCarlo, WSH’s Public Finance Practice Group provides high-quality legal services to every player in the public finance arena, from governmental and quasi-governmental entities that need access to capital markets, to underwriters and issuers. The Group complements our Local Government Law Division, which employs more than 30 attorneys practicing day-to-day municipal law. Our Environmental Law Group, chaired by Clifford A. Schulman, provides a comprehensive, holistic approach to assess and advise our clients concerning the environmental rules applicable to them; the Group represents business owners, developers, municipalities, water management districts, individuals, engineers and contractors in handling the latest and most complex environmental law issues.
Author(s): Chad S. Friedman & Brooke P. Dolara
