On May 21, 2019 the Buckeye City Council adopted a policy related to the use of Revitalization Districts (“RD”) to assist in the financing of ever increasing infrastructure costs. This is an important milestone for the City and proves that Buckeye is “open for business” and is willing to work collaboratively with the private sector.
For more information on how RD financing may benefit your development project, contact Carter Froelich at 480-874-4355 or email at carter@launch-dfa.com.
Lucero Assessment District No. 1
Goodyear, AZ
$6,913,000
Bond Type: Special Assessment
Closing Date: April 26, 2019
Average Coupon: 4.46%
Maximum Term: 25 years
Overall Value-to-Lien Ratio: 4.86 to 1
Average Assessment Per Unit: $13,218
Purpose: To reimburse the developer for regional roadway, water and sewer improvement costs.
For more information or how Launch Development Finance Advisors can assist in the financing of infrastructure costs associated with your project, contact Carter Froelich, CPA at 480-874-4355 or email at carter@launch-dfa.com.
We are happy to announce the inaugural issue of The Launch Report, Launch Development Finance Advisor’s Quarterly Newsletter.
In this issue you will find information on: fourth quarter 2018 market statistics; RCLCO’s and Launch’s analysis of how the Top 50 Selling Master Planned Communities are financing their infrastructure; the potential use of Revitalization Districts in Arizona; recent bond transactions in Nevada, as well development impact fee trends in Idaho.
We trust that you will enjoy the content included in this quarter’s Launch Report.
Kind regards,
Carter Froelich, CPA
Managing Principal
RCLCO Real Estate Advisors (“RCLCO”) and Launch Development Finance Advisors (“Launch”) have updated the financing mechanisms used by the RCLCO’s Top Selling Master Planned Communities for the year end 2018. See how MPC are financing their infrastructure by clicking on the link below to see the updated list.
Skye Canyon – Phase III
Las Vegas, Nevada
$12,500,000
Average Yield: 4.92 %
Maximum Term: 30 years
Value-to-Lien Ratio: 4.1 to 1
Average Assessment Per Unit: $9,750
Launch Development Finance Advisors working with our client, KAG Property, LLC (“KAG”); the City of Las Vegas, and Stifel Nicolaus closed the above transaction in late December 2018 to reimburse KAG for regional roadway, water and sewer improvement costs.
For more information or how Launch Development Finance Advisors can assist in the financing of infrastructure costs associated with your project, contact Carter Froelich, CPA at 480-874-4355 or email at carter@launch-dfa.com.
Rainbow Canyon – Phase I
Henderson, Nevada
$17,805,000
Average Yield: 5.18%
Maximum Term: 30 years
Value-to-Lien Ratio: 7.49 to 1
Average Assessment Per Unit: $12,745
Underwriter: Stifel Nicolaus
Purpose: To reimburse the developer for costs of regional roadway, water and sewer improvements related to the development of Phase I of Rainbow Canyon located on the North Shore of Lake Las Vegas.
RCLCO Real Estate Advisors (“RCLCO”) and Launch Development Finance Advisors (“Launch”) have updated RCLCO’s list of the Top Selling Master Planned Communities to include information related to those projects incorporating special purpose taxing districts to finance public infrastructure. Click on the link below to see the updated list.
The City of Buckeye, Arizona held a meeting with the development community on October 4, 2018 to discuss the possibility of establishing a water and sewer capacity fee. See the link below related to the capacity fee meeting agenda and powerpoint presentation.