Lindsay Banner Cigole

TIF Deal Structure: Underwriting, Negotiating and Bond Financing
Thursday, August 7, 1:30 - 3:25 PM

Director
ORIX

In her role as Director at ORIX Municipal Finance, Lindsay Cigole is responsible for municipal portfolio debt originations and real estate debt originations, along with assisting in the evaluation, review, and monitoring of ORIX Municipal Finance’s investment and trading portfolio. Prior to joining ORIX, Ms. Cigole served as a Vice President for MuniCap, certified as a Series 50 Municipal Advisor. During the eleven-year term at MuniCap, Ms. Cigole assisted in providing a multitude of developers and municipalities, in over fifteen states, access to nearly $1 billion in capital for construction of public infrastructure through the issuance, refunding, or restructuring of special district bonds, secured by tax increment and special assessment/special tax revenues.

Ms. Cigole is a graduate of Clarion University where, as a member of the women’s volleyball team, she graduated summa cum laude from the Honor’s Program with a Bachelor of Science in Business Administration in International Business, Personal Finance, and Economics and a minor in French. Ms. Cigole also holds a Master of Science in Real Estate from Johns Hopkins University. She served on inaugural committee for the Urban Land Institute – Baltimore, Women’s Leadership Initiative. Ms. Cigole currently serves on the Clarion University College of Business and Information Sciences Advisory Council and the Clarion University Center for Career and Professional Development Advisory Council. In addition, she is active in the Urban Land Institute, the Women in Public Finance, the Council of Development Finance Agencies, the Lambda Alpha International Land Economics Society, and is a guest speaker for several industry related organizations. In 2018 Ms. Cigole began instructing at Clarion University as a temporary professor in the Finance Department.

Elena Caminer

Understanding TIF: The Basics, Legal Considerations, and Procedures
Thursday, August 7, 11:05 - 12:35 PM

Senior Project Manager
SB Friedman Development Advisors

Elena specializes in economic and community development, real estate economics, market feasibility, and affordable housing. At SB Friedman, she focuses on helping public, private, nonprofit and institutional clients reach their economic and community development goals responsibly. Her work includes conducting financial feasibility analysis and pre-development planning, identifying housing needs and strategies to address supply and affordability challenges, and conducting financial due diligence and evaluating real estate readiness to determine the appropriate level and structure of public and philanthropic financial analysis. Select projects include: Chicago's Central Area Plan 2025; a financial feasibility analysis and Transit TIF district designation for the Chicago Transit Authority's Red Line Extension project; TIF and other funding applications for affordable housing clients in Chicago; housing studies in Glen Ellyn and Naperville, IL, Sun Prairie, WI, and the Charleston, SC region; and analysis of unmet needs and community development programs in low-income neighborhoods throughout Maryland in support of a strategic plan for a new community investment corporation. Elena graduated magna cum laude from Barnard College at Columbia University with a Bachelor of Arts in Urban Studies and summa cum laude from the Jewish Theological Seminary of America with a Bachelor of Arts in Ethics.

David Hawes

Combining & Leveraging TIF with Other Tools
Thursday, August 7, 3:35 - 4:15 PM

Managing Partner
Hawes Hill & Associates, LLP

David W. Hawes is founder and senior partner of Hawes Hill Calderón LLP, a professional consulting services firm that specializes in the creation and administration of municipal management districts, public improvement districts, tax increment reinvestment zones, and other public/private financing strategies that yield community improvement. He serves as the executive director of numerous districts and zones, guiding the development and revitalization of communities within the greater Houston metropolitan region and throughout Texas.

Prior to founding Hawes Hill Calderón in 1995, Mr. Hawes was the City of Houston’s Finance and Administration Revenue and Research Manager, where he served as chief economist and member of the city’s Bond Financing Team. In the 1980s and ‘90s, his experience included serving as CEO of a state-wide nonprofit corporation that provided residential treatment services to adolescents, and as Assistant Commissioner Finance for Texas Department of Human Services’ and served as the Texas Medicaid Budget Director, the third largest in the U.S.

Mr. Hawes holds a bachelor of arts in government from the University of Texas at Austin and a master of arts in public administration from the University of Houston. His articles on public financing methods have been published in Houston Economics and Urban Growth and Decision-Making. A member of the Council of Development Finance Agencies, he is a frequent workshop presenter and adviser to Texas cities and counties regarding public financing and incentives issues.

Anna Horevay

TIF Deal Structure: Underwriting, Negotiating and Bond Financing
Thursday, August 7, 1:30 - 3:25 PM

Partner
McGuireWoods LLP

Anna focuses her practice on public finance transactions, serving clients as bond counsel, underwriter's counsel, bank's counsel, developer's counsel and borrower's counsel. She counsels clients on a range of financing structures using tax-exempt and taxable bonds, leases, tax credits and other governmental incentives. Anna also co-founded the Maryland Women in Public Finance chapter and serves as its president and a member of its board of directors.

Caitlyn A Johnson

Understanding TIF: The Basics, Legal Considerations, and Procedures
Thursday, August 7, 11:05 - 12:35 PM

Vice President
SB Friedman Development Advisors

Emmett Kelly

Understanding TIF: The Basics, Legal Considerations, and Procedures
Thursday, August 7, 11:05 - 12:35 PM

Attorney
Frost Brown Todd LLP

Emmett is a partner in the Columbus office and practices in the Lending and Commercial Services and Government Services practice group. He has served as bond counsel, structuring counsel, underwriter's counsel, developer's counsel and purchaser's counsel for various taxable and tax-exempt project and revenue bond financings, including private activity bonds (IDB's), municipal, education, health care financings, renewable and alternative energy, and traditional general obligation, 501 (c)(3) issues.

He serves as bond counsel and special counsel on economic development financing and incentive projects utilizing tax increment financing, joint enterprise development districts, enterprise zones, energy special improvement districts, and community reinvestment areas. Emmett also serves as counsel to economic development entities such as community improvement corporations, new community authorities, regional planning commissions, convention facilities authorities, water and sewer districts, and port authorities on general, economic development and special obligation revenue financing matters. In the traditional general obligation area, he serves as bond counsel, underwriter's counsel and purchaser's counsel for general obligation, special obligation revenue bond and note financings for municipalities, school districts, counties, townships, port authorities, convention facilities authorities and other public sector entities.

In the area of property assessed clean energy (P.A.C.E.), renewable and alternative energy projects and on P3's (public/private partnerships) transactions Emmett has served as legal counsel and as a consultant. He has worked on P3's, which have included tax increment financing, special assessments, private equity and assets, and governmental services and assets, for land development projects and public works.

Naina Magon

Combining & Leveraging TIF with Other Tools
Thursday, August 7, 3:35 - 4:15 PM

Principal
Hawes Hill & Associates, LLP

Naina Magon has over 25 years in economic development, planning and finance experience in municipal government and consulting at the city, county and regional levels. She has served both public and private sector clients in facilitating new investment and development/revitalization efforts through creative and implementable solutions, including financing of public infrastructure and projects. Naina has worked with communities in evaluating their current economic situation, identifying opportunities, and developing strategic plans with solutions to move forward. She has successfully combined her passion for planning and economic development, allowing her to create and implement comprehensive and inclusive solutions for communities, with the goal of enhancing prosperity and fostering growth.

As a Principal with Hawes Hill & Associates, she has been involved in the creation and management of special districts including Tax Increment Reinvestment Zones and Municipal Management Districts, throughout the State of Texas. She specializes in assessing existing conditions and needs, project feasibility, financial analysis, project implementation and development agreements. Her background in economic development and planning along with her experience in development finance have allowed her to work with clients in crafting solutions and creative financing mechanisms for funding public infrastructure and achieving community goals.

Naina has a bachelor’s degree in economics from the University of Calgary and a master’s degree in urban and regional planning from Texas A & M University. She has worked with communities all over Texas and served on several panels speaking on the creative use of public financing in achieving community goals.

Emily Metzler

TIF Financing Variations
Thursday, August 7, 12:45 - 1:30 PM

Managing Director
Stifel Nicolaus & Company, Inc.

Emily Metzler has served over fifteen years as part of the MuniCap team. Ms. Metzler is passionate about real estate, furthering economic development opportunities, and assisting with the critical thinking aspect of creative funding mechanisms. In her position, Ms. Metzler manages over fifty different large-scale, catalytic development projects across thirty+ states at any given time. She actively participates in all aspects of the financial structure of each deal from conception to capitalization, implementation, and administration post issuance. In addition, she is responsible for new business development efforts in the markets for which she serves. Since joining MuniCap, Ms. Metzler has assisted with the issuance of publicly marketed bonds in excess of $2.0 billion. Furthermore, she has worked extensively on multiple transactions that have resulted in the first issuance of their kind in their respective jurisdictions.

Ms. Metzler is a 2005 graduate of Clarion University, Pennsylvania (now PennWest). She graduated with a degree in both real estate and finance. Ms. Metzler was an active member of the Financial Management Association, played intramural basketball, and obtained her real estate license for the Commonwealth of Pennsylvania during her college career.

Following graduation from Clarion University, Ms. Metzler was hired into the management program at National City Bank, now PNC, before being hired at MuniCap.

Ms. Metzler is active in multiple organizations including the Association of Public Finance Professionals, Council of Development Finance Agencies (also serving as a board member and chairman of the strategic planning committee), Urban Land Institute, Lambda Alpha International, Women in Public Finance (National, Maryland, and Virginia Chapters), and serves on the Compliance Advisory Group providing municipal market perspectives with the Municipal Securities Rulemaking Board (MSRB). Ms. Metzler is a registered Municipal Advisor (Series 50) and has passed the Municipal Advisor Principal Qualification Examination (Series 54). Ms. Metzler serves as MuniCap’s Chief Compliance Officer.

Kenneth Neighbors

TIF Deal Structure: Underwriting, Negotiating and Bond Financing
Thursday, August 7, 1:30 - 3:25 PM

Partner
McGuireWoods LLP

Kenneth M. Neighbors focuses his practice primarily in the area of public finance, providing legal advice in support of public-private partnerships, governmental financing and economic development initiatives ranging from transportation and integrated transit projects, tax allocation district formation and financing, mixed-use, commercial, retail and multi-family real estate financings, to 501(c)(3), community land trust, affordable housing, and other tax-exempt bond financings. Ken’s work also focuses on the implementation of federal, state and city supported economic development programs and initiatives. Ken also provides business and legal advice in connection with the acquisition, sale and management of real estate holdings, and provides general representation in connection with corporate matters and corporate and venture capital financing transactions. Prior to his practice as a lawyer, Ken served as a merchant and investment banker, and as a senior officer of an investment firm focusing on the Emerging Domestic Marketplace (EDM).

Isaac Yilma

TIF Deal Structure: Underwriting, Negotiating and Bond Financing
Thursday, August 7, 1:30 - 3:25 PM

Partner
McGuireWoods LLP

Isaac concentrates his practice on public and infrastructure finance transactions. Isaac serves as bond counsel, disclosure counsel, underwriter’s counsel and issuer’s counsel in connection with a broad range of publicly offered and privately placed tax-exempt and taxable financings across many states for local governments, airports, toll roads and surface transportation, water and sewer systems, tax increment/special assessment districts, sports facilities, colleges and universities and multifamily housing facilities.

Isaac also counsels local governments and private companies in connection with economic development incentives packages for new business investments and expansion projects.