2009 Northeast Regional Winners for Bond Buyer Deals

Hawkins acted as counsel for the Bond Buyer’s 2009 Northeast Regional award recipients


Hawkins acted as counsel to the two winners of The Bond Buyer’s 2009 Regional Deal of the Year awards. In the first transaction, Hawkins was instrumental in developing the financing structure for the District of Columbia's $801 million income tax secured revenue bonds as Disclosure Counsel. Hawkins assisted the District over a two-year period in structuring the program, meeting with the rating agencies and drafting the authorizing legislation. The resulting structure, which gives the bondholders a first lien on and pledge of personal income taxes and business franchise taxes superior to that of the District's general obligation bondholders and any other claimant, yielded significantly higher ratings for these bonds than the rating assigned to the District's general obligation bonds. The Partners on this transaction were Mr. McNally and Mr. Sigal.

In the second transaction, Hawkins was also recognized for its role as Bond Counsel to the Finance Authority of Maine. The $14.5 million taxable waste motor-oil revenue bonds issue will help finance important environmental clean-up at various Maine waste-oil disposal sites. Premiums set by the state legislature and imposed on certain motor vehicle oil sales fund the cost of debt service on the bonds. The Partners that counseled on this transaction included Mr. Roberts and Mr. Turner.

Also of Interest

  • Average Area and Nationwide Purchase Price Safe Harbor Limits
    This issue of the Hawkins Advisory contains information of specific interest to single-family housing bond issuers regarding Average Area and Nationwide Purchase Price Safe Harbor Limits.
  • Annual Qualified Mortgage Information
    This edition of the Hawkins Advisory deals with qualified mortgage bond information report and the qualified veterans’ mortgage bond information report.
  • Municipal Market Regulatory Update
    This Hawkins Advisory describes the proposed amendments to Rule 15c2-12 and provides a summary and analysis of SEC municipal enforcement actions over the last year.
  • Hawkins Assists City and County of San Francisco with Financing of 55-Story Residential Building
    In December 2016, Hawkins served as disclosure counsel to the City and County of San Francisco in connection with its issuance of $240 million Variable Rate Multifamily Housing Revenue Bonds (Transbay Block 8 Tower) issued on behalf of an affiliate of the developer, Related Companies. The bonds will finance a portion of the cost of a new $600 million 55-story tower and surrounding buildings in downtown San Francisco.