Working with DR Horton, Forestar and Lennar, Launch established a special improvement district on 425 net developable acres of this residential master planned community located in North Las Vegas, Nevada and assisted in the issuance of $33.9 million in special assessment bonds to finance water, sewer, storm drainage and roadway improvements. Valley Vista is one of the top selling master planned communities in the United States.
Novus Innovation Corridor
We are assisting Catellus and Arizona State University(“ASU”) with the University Athletic Facilities District and the imposition and collection of “in lieu” property tax payments to support ASU’s athletic facilities.
Prepared and passed legislation allowing for Community Infrastructure Districts (“CID”) and established the CID for Avimor, a 23,000 acre master planned community located in Ada County, Idaho. To date we have been issuing special assessment and general obligations bonds every year as build out of the project continues.
Established the first Community Infrastructure District in the state of Idaho for Harris Ranch, a 1,300 acre new urbanist community located minutes from downtown Boise, Idaho along the Boise River. To date we have issued all of the special assessment bonds utilized for funding roadway improvements.
Verrado is an approximate 7,300 acre walkable master planned community located in Buckeye, Arizona. We assisted the developer prepare the pre-annexation and development agreement by inserting favorable special district financing language. We also created two Community Facilities Districts for the project and assisted in various bond issuances.
Lake Las Vegas
For our initial involvement in Lake Las Vegas, we were asked to restructure existing local improvement district bonds issued prior to the Great Recession. We are now in the process of issuing additional local improvement district bonds to finance the construction of infrastructure serving Phase I of Rainbow Canyon.
We assisted in the revision to the public improvement district statute and were instrumental in issuing the first public improvement district bond in Austin in which our client was able to fund engineering and construction costs out of bond proceeds.
Assisted the developer in preparing the market driven land use plan, formulating a design competition; assembling the development team and entitling the project. Camana Bay is located in Georgetown, Grand Cayman, BWI.
We established the community facilities district at Cadence and assisted our client in the issuance of both general obligation and special assessment bonds.
To date we’ve created two special improvement districts on Phase II and III of Skye Canyon and issued approximately $25 million in bonds to finance regional improvements. We’re now working with 3 national home builders to establish a third special improvement district to finance the improvements related to 640 acres of the project.
Over the years we’ve established multiple special improvement districts at Summerlin issuing in excess of $75 million in special assessment bonds. We are now working to issue bonds to fund regional improvements related to Summerlin’s Town Center.