Program & Speakers...
No matter your position in the development finance industry, you play an important role in fostering economic growth. But, we all contribute in different ways, so the 2008 Annual Summit will offer three focus areas – local, state, and federal – highlighting the various approaches to development finance at each level. You can stick with one focus area or mix-and-match; either way, you’ll learn about what’s happening in development finance today. Complimenting these focus areas will be workshops, tours, extensive networking opportunities and the prestigious Practitioner’s Showcase. Finally, the general sessions will pull it all together and provide overarching strategies for catalyzing local, state & federal financing resources.
MONDAY, APRIL 28
| 6:30 pm | CDFA Board of Directors Dinner |
TUESDAY, APRIL 29
| 10:00 am – 7:00 pm | Registration Open |
| 8:00 am – 12:00 pm | CDFA Board of Directors Meeting |
| 1:00 – 5:00 pm | Pre-Summit Workshop: Introduction to Development Finance**
Development finance encompasses a variety of programs and tools. This Pre-Summit Workshop will explore financing development through a comprehensive approach starting with the bedrock of finance (bonds), moving through the tried and true programs (TIF, tax credits) and winding down with the innovative solutions of tomorrow (alternative equity, seed and venture funds). Seasoned professionals and novices alike will develop a thorough understanding of the development finance industry and receive the necessary foundation for utilizing the myriad of financing options available today.
Speakers:
Mark Brady
Assistant Vice President, Real Estate & Community Development
St. Louis County Economic Council
Arthur Cohen
Partner
Hawkins Delafield & Wood LLP
Mike Downing
Director of Promotions
Missouri Department of Economic Development
Joe Gasparich
Assistant Executive Director
Southwestern Illinois Development Authority Bond Program
Chad Howell
Engineer Project Manager
St. Louis Development Corporation
Rick Palank
Senior Vice President, Business Finance
St. Louis County IDA
Toby Rittner (moderator)
Executive Director
Council of Development Finance Agencies
Dale Ruthsatz
Director Commercial Development
St. Louis Development Corporation
Michelle Stuckey
Business Finance Manager
St. Louis Development Corporation (SLDC)
**This is a special fee event; check the registration page for pricing information. |
| 1:00 – 5:00 pm | Pre-Summit Workshop: Advanced Tax Increment Finance**
Tax increment finance (TIF) continues to grow in use and application. Using TIF can be a complex and sophisticated process and those development finance professional that are able to fully grasp the intricate aspects of this tool will garner greater long-term success. This Pre-Summit Workshop will focus on the core elements of a TIF deal by walking participants through the complicated financing and due diligence process. Participants will learn through case study examples about the process, players and the necessary documents required for executing a TIF project. Attendees should have a solid understanding of how TIF works prior to attending.
Speakers:
Joe Branca
Managing Director
Bank of America Securities LLC
Ron Browning-Smith
Senior Vice President
Backstrom McCarley Berry & Co
Price Finley
President
Argus Growth Consultants, Ltd.
Jim Grice
Partner and Chair of Real Estate Group
Spencer Fane Britt & Browne LLP
Steve Heaney
Managing Director
Stone & Youngberg
Jason I. Lake
Principle
NexGen Advisors LLC
Ken Powell
Managing Director
Stone & Youngberg
Jessica Perko
Manager, Research & Technical Assistance
Council of Development Finance Agencies
Laura Radcliff (moderator)
Senior Vice President
Stifel Nicolaus & Company, Inc.
Tony Smith
Practice Leader
S.B. Friedman & Co.
Cheryl Strickland
Managing Director, Tax Allocation Districts
Atlanta Development Authority
Louis Vitullo
Partner
Wildman, Harrold, Allen & Dixon LLP
**This is a special fee event; check the registration page for pricing information. |
| 6:00 – 8:00 pm | Annual Summit Kick-Off Celebration
The Hyatt Regency’s Grand Hall will set the stage for the kickoff of the 2008 Annual Development Finance Summit. Join CDFA for a night of food, drink and music as we celebrate with our friends in amazing St. Louis! |
WEDNESDAY, APRIL 30
| 7:00 am – 5:00 pm | Registration Open |
| 7:00 – 9:00 am | Continental Breakfast |
| 8:00 – 9:30 am | Summit Opening Session:
Market Forecast: Municipal Finance Under the Microscope
Municipal markets flux daily as investments ebb and flow based on changes in the political, social and economic landscapes. Recently, we’ve witnessed market forces at play with sub-prime lending upheaval, ongoing disclosure discussions and daily rating agency announcements. The Summit Opening Session will bring these challenges to bear and explore the elements shaping the markets for 2008 and beyond. A CDFA panel of experts will put municipal finance under the microscope to commence the 2008 Annual Development Finance Summit.
Welcome Address:
Frances A. Walton
President, CDFA Board of Directors
Chief Financial Officer
Empire State Development Corporation
Charlie A. Dooley
County Executive
St. Louis County, MO
Confirmed Keynote Speakers:
Troy L. Kilpatrick
Managing Director
The Bank of New York Mellon
Ronald J. Kruszewski
Chairman, President and Chief Executive Officer
Stifel Nicolaus & Company, Inc. |
| 9:45 – 10:45 am | Concurrent Sessions (3) |
 | A. Initiating Innovative Community Lending Programs
Community lending programs provide resources to a wide variety of users. Many successful programs exist to spur housing, business, and neighborhood reinvestment. Learn more about how your agency can initiate some of the innovative community lending programs that are reshaping cities across the country.
Confirmed Speakers:
Mary Tingerthal
President, Capital Markets Companies
Housing Partnership Network
Bill Grinker
President
Seedco Financial Services, Inc |
| B. Examining National Volume Cap Trends
Volume cap use and appropriation has continued to present challenges to states throughout the country. As bond financing has surged over the past few years, the trends in volume cap have also changed, leaving a landscape of varying outcomes. Come find out how your state compares during this informative and eye-opening session.
Confirmed Speakers:
Steven A. Chamberlin
Manager, Tax Exempt Bonds
Compliance & Program Management
Internal Revenue Service (IRS)
Joanie Jones Kelly
Executive Director
California Debt Limit Allocation Committee
David Warner
Executive Director
West Virginia Economic Development Authority
Liz Green-Taylor
Bond Cap Allocation Program/Bond Users Clearinghouse
Washington Department of Community Trade & Economic Development |
| C. Utilizing Synthetic and Operating Lease Structures
Synthetic and operating lease structures have become very popular over the past few years. These complex tools can improve the end-user’s return on equity, return on assets, and debt coverage ratios. A panel of experts will discuss how your issuing agency can incorporate these strategies into its financing portfolio.
Confirmed Speakers:
David Bovee
Senior Financial Advisor and Principal
Zenith Assets, Inc.
Tim Long
Managing Director
Robert W. Baird
David Rogers
Partner
Bricker & Eckler LLP |
| 11:00 am – 12:00 pm | Concurrent Sessions (3) |
| A. Developing a Sound Revolving Loan Fund (RLF)
Revolving loan funds (RLFs) are a valuable financing program that can serve a niche industry or attract investment and development in targeted areas. Learn how your community can develop an RLF program or improve its existing loan programs during this informative session.
Confirmed Speakers:
Patrick Bannister
Director, Business Development
St. Louis Development Corporation
Bruce Nuzum
V.P., Finance
Iowa Area Development Group
John Wahrgren
Finance Manager
Oregon Economic and Community Development Department |
| B. Utilizing State Sponsored Seed and Venture Fund Programs
Over 25 states have a state sponsored seed & venture fund program. How does your state compare? Learn more about this emerging area of development finance and how you can utilize this important 21st century financing tool.
Confirmed Speakers:
Gene Eagle
Vice President
Arkansas Development Finance Authority
Devon Sauzek
President
Oklahoma Capital Investment Board
Sue Strommer
President & CEO
National Association of Seed & Venture Funds |
| C. Justifying Incentives, Abatements & Attraction Tools
Tax incentives, abatements and other attraction tools continue to be highly utilized by state, regional and local development agencies. The competitive nature of these tools is now finally leading to a greater justification process in their use. Learn from incentive professionals about the latest advancements in these important evaluation methods.
Confirmed Speakers:
Greg LeRoy
Executive Director
Good Jobs First
John Nations
Partner
Armstrong Teasdale LLP
Mayor, City of Chesterfield, Missouri |
| 12:00 – 2:15 pm | Annual Luncheon & 2007 Practitioner’s Showcase:
Practitioner’s Showcase: Best Revolving Loan Fund (RLF) Program
The signature event of the Annual Summit will feature the 2008 Practitioner’s Showcase: Best Revolving Loan Fund (RLF) Program. The Practitioner’s Showcase is an interactive demonstration of the best financing programs in the country. Four finalists from a large field of submissions will present their program and make the case for why they have the best RLF Program in the country. A live audience vote will decide the winner! Join CDFA as we celebrate the best in development finance at the 2008 Practitioner’s Showcase: Best RLF Program.
Annual Business Meeting Address:
Frances A. Walton
President, CDFA Board of Directors
Chief Financial Officer
Empire State Development Corporation
Showcase Emcee:
Darnell Moses
Authorities Manager
Allegheny County Department of Economic Development
Showcase Finalists:
To be announced soon |
| 2:30 – 3:45 pm | Concurrent Sessions (3) |
| A. Generating Unique Urban Redevelopment Opportunities
Urban redevelopment is a particular focus of hundreds of communities throughout the country. Finding new ways to generate ideas for revitalization and reinvestment can be challenging, and there are often multiple barriers to financing these projects. But don’t despair! Unique opportunities require unique financing solutions, and this session will highlight successful programs that can be easily duplicated in your community.
Confirmed Speakers:
Diane Burnette
Executive Director
Main Street Corridor Development Corporation - MainCor
Richard Frampton
Vice President
Illinois Finance Authority
Ann Perry
Manager of Development Finance
Missouri Department of Economic Development |
| B. Going Green with Financing
Today it is all about going green, and this holds true for the development finance industry. Across the country, green development is taking shape using some of the most traditional financing solutions for non-traditional projects. Learn more about how your community can use new green financing tools to support development and encourage new investment.
Confirmed Speakers:
Douglas E. Lamb
Associate Attorney
Hunton & Williams LLP
Charles Forrest
Senior Vice President
Stern Brothers & Co.
Gary W. Smith
President/CEO
Chester County Industrial Development Authority |
| C. Exploring Federal Reserve, Federal Home Loan Bank & Fannie Mae Financing Programs
The Federal Reserve, FHLB and Fannie Mae offer a variety of services and programs to the community and economic development finance industry. These offerings have evolved over the past several years and now provide options for financing that did not previously exist. Join the Federal Reserve, FHLB and Fannie Mae to learn how your community can benefit from these services and programs.
Confirmed Speakers:
Matthew Ashby
Senior Specialist
Federal Reserve Bank of St. Louis
Maria Day-Marshall
Senior Business Manager
Fannie Mae
Curt Heidt
Vice President - Community Investment
FHLB Des Moines |
| 4:00 – 5:00 pm | Concurrent Sessions (3) |
| A. Marketing a Successful Industrial Development Bond (IDB) Program
IDB programs continue to flourish throughout the country as a source for low-cost pubic financing for small to medium sized manufacturers. Truly successful IDB programs rest on a single strength: good marketing. Join your fellow issuers as CDFA explores the best practices in marketing a successful IDB program.
Confirmed Speakers:
Bob Lind
Director, Business Finance
City of Minneapolis, Department of Community Planning & Economic Development
William H. Reisner
Vice President
Stern Brothers & Co.
May M. Smith
Manager, Industrial Development Authority
City of Los Angeles |
| B. Financing Solutions for First Ring Suburbs
Encouraging new development, redevelopment and investment in first ring suburbs can be challenging. However, some first ring suburbs are tackling these obstacles head-on with financing strategies that promote change and community advancement. These strategies and more will be highlighted in this important and informative session.
Confirmed Speakers:
Dean Katerndahl
Director, Government Innovations Forum
Mid-America Regional Council
Charles Bartsch
Vice President
ICF International
John Finke
Director
National Development Council |
| C. Engaging New Markets Tax Credits (NMTC)
The NMTC program continues to provide resources for communities throughout the country. What is your community doing to attract new markets investment? Learn from the tax credit industry’s leading professionals as we explore ways to engage New Markets Tax Credits in your community.
Confirmed Speakers:
Marc Hirshman
Regional Director of Business Development:
Historic and New Markets Tax Credit Investments
US Bancorp Community Development Corporation
Jeff Arnold
Associate
Kutak Rock LLP |
| 6:30 pm | Network Dining Adventures
Amazing St. Louis has so much to offer, including great restaurants. Join your colleagues from around the country for a night on the town. Network dining adventures are an opportunity for groups of Annual Summit attendees to join together for dinner and good times. Dinner is Dutch treat and CDFA will provide a number of dining options for you to choose. Sign up at registration and join a group of attendees to enjoy all that St. Louis has to offer. |
THURSDAY, MAY 1
| 7:00 am – 12:00 pm | Registration Open |
| 7:00 – 9:00 am | Continental Breakfast |
| 8:30 – 10:00 am | Concurrent Sessions (3) |
| A. Exploring Missouri’s Tax Increment Finance (TIF) Success
Missouri has been a leader in the use, advocacy and evolution of tax increment financing. The Missouri Economic Development Financing Association (MEDFA) has been at the forefront of this leadership by helping to encourage legislative reform, program development and best practices. Join MEDFA as they share the Missouri TIF story.
Confirmed Speakers:
John Brancaglione
Vice President
Peckham Guyton Albers & Viets, Inc.
Speakers:
Sarah Gallagher
Economic Development Director
City of Boonville
Jeff Kaczmarek
President & Chief Executive Officer
Economic Development Corporation of Kansas City, MO
Mike MacPherson
Senior Planner
City of Springfield |
| B. Evaluating Public Private Partnership (P3) Deals
The toll road privatization debate continues to sizzle throughout the country. What is the long-term impact of handing public assets over to private entities for management and upkeep, and how should communities, states and infrastructure authorities evaluate the effectiveness of these partnerships? CDFA will open up the P3 debate during this eye-opening session.
Confirmed Speakers:
Dana R. Levenson
Managing Director/Head of North American Infrastructure
RBS Global Banking & Markets
Lloyd Richardson
Of Counsel
McGuire Woods LLP
John R. Schmidt
Partner
Mayer Brown LLP
John Stainback
President
Stainback Public/Private Real Estate, LLC |
| C. Maximizing Federal Financing Options
A colorful palette of federal financing options is available to communities of every size. From HUD and EDA to the USDA, the federal government has developed a significant number of programs and resources to address many of the financing challenges that your community faces. Learn from the source of these programs as representatives from the various federal agencies discuss how to maximize federal financing options.
Confirmed Speakers:
Dee Ann Ducote
Director, Community Planning and Development
U.S. Department of Housing & Urban Development – St. Louis Office
Dennis S. Melton
Director, St. Louis District Office
U.S. Small Business Administration
Robert E. Olson
Denver Regional Director
Economic Development Administration, U.S. Department of Commerce
Morris Westfall
State Director
USDA-Rural Development |
| 10:15 am – 12:00 pm | Town Hall Session:
Stump the Finance Experts
Think you have a finance question that even the experts can’t answer? Come prepared as we close out the 2008 Annual Development Finance Summit by “stumping the finance experts.” This interactive town hall discussion will feature some of the industry’s top finance minds who will be prepared to answer your toughest questions relating to bonds, tax credits, TIF and all sorts of financing topics. Can you stump the finance experts?
Confirmed Speakers:
Patrick S. Early
Director, Credit Department
Assured Guaranty
Caren Franzini
Chief Executive Officer
New Jersey Economic Development Authority
Marlin L. Mosby, Jr.
Managing Director
Public Financial Management
Rick Palank
Senior Vice President, Business Finance
St. Louis County Economic Council
Gregory Prestemon
President
St. Charles County Economic Development Center
Deborah K. Rush
Partner
Thompson Coburn LLP
Matthew Stuczynski
Senior Vice President
NatCity Investments, Inc. |
| 1:00 – 4:00 pm | St. Louis Economic Development Tours (Lunch Included) |
| Tour # 1: Tour 1: Downtown St. Louis Development Tour
Downtown St. Louis is booming with new development, new investment and a renewed spirit that is helping to advance the city’s urban center. Sound financing and creative partnerships have helped support this resurgence. Join representatives from St. Louis as CDFA explores the upcoming and rejuvenated areas of downtown. The three-hour tour will include a boxed lunch/beverage, bus transportation, handouts, site admissions and speakers along the route. |
| Tour # 2: Greater St. Louis Commerce & Industry Tour
St. Louis County successfully relies on a comprehensive approach to redevelopment, placing individual development projects within a larger context that addresses infrastructure, land use, community assets and sustainability. The County forges public private relationships to ensure successful collaboration and coordinated results. Innovative combinations of financing options at the state, county, and local level support these efforts. Take part in an exciting tour with leaders from St. Louis County as we explore redevelopment projects shaping the economy of the region. Projects will include: NorthPark, a 550 acre mixed use development; Buzz Westfall Plaza on the Boulevard, a retail and office development; Express Scripts corporate campus; and River City, a gaming and mixed use entertainment complex. The three-hour tour will include a boxed lunch/beverage, bus transportation, handouts, site admissions and speakers along the route. |
**Extra fee workshop - see registration page for prices and details
Note: This agenda is subject to change without notice
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