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  • Union County Improvement Authority County of Union Guaranteed Renewable Energy Program Lease Revenue Bonds

    Year: Series 2011 (Federally Taxable)
    Revenue: $15,190,000

    At the direction and with the support of the County, the Authority structured, developed and is in the process of implementing the first phase of the Renewable Energy Program. The Renewable Energy Program provides for procurement of a developer and the financing, design, permitting, acquisition, construction, installation, operation and maintenance of renewable energy capital equipment and facilities, including solar panels, for and on behalf of the County and various local governmental units within the County.

    After review of the Authority’s Renewable Energy Program, NW was able to structure and underwrite the Bonds in accordance with the expectations of the Authority, the Local Units and the Energy Provider. NW also worked with the Authority and the Energy Provider to structure a lease payment schedule which fits the Authority’s debt service requirements and the Energy Provider’s projected revenues.

    Key Staff: Douglas Bacher, Principal