Illinois Local Government and Municipal Finance Lawyer
From revenue bonds and utility bonds, to tax increment financing, the world of municipal finance can be confusing for any private or public entity. At the Kelty Law Offices in Springfield, we represent municipalities and businesses and individuals with legal concerns involving local government. As a Red Book-endorse firm which has written opinions on over $900 million in local government financing, we are ready to take on tough challenges and complex issues.
Serving Municipal and Business Clients in Illinois and the Midwest
Contact the Kelty Law Offices Today
Municipal financing laws affect both city officials and local businesses, such as developers. Our firm helps municipal organizations and private entities with all their legal concerns involving local government regulations in Central Illinois. We also serve as co-counsel to out-of-state firms with municipal interests in Illinois. We can help you with the following issues:
- Municipal Finance
- Revenue Bonds
- Tax Increment Financing (TIF)
- Industrial Development Bonds
- Utility Revenue Bonds
To learn more about Attorney Kelty's background in this area, visit his profile.
Bond Counsel
Serving as bond counsel, we write all documents involving any and all bond issues of our clients. Working to ensure that your bond goes through, we will comb through the complete list of documents that must be prepared and reviewed before closing.
As a Red Book-listed bond lawyer, Tom Kelty has extensive experience in this area of law. Structuring bonds and other municipal financial matters since 1978, he will handle your transaction efficiently, economically and professionally.
Tax Increment Financing
Tax increment financing, or TIF, is the private renovation of commercial property in exchange for a share of property tax revenues. We represent both private developers and cities themselves looking to set up a TIF. Taking a building in town and structuring a transaction between developers and the city itself can benefit both private and public development, but you need to know what you are doing.
Open Meetings Act
The number of decisions from our courts regarding the Public Open Meetings Act
continues to grow. Some find violations, others do not. The Court found no violation in Feret v. Schillerstrom, 363 Ill.App.3d 534; Calibraro v. Board of Trustees of the Buffalo Grove Firefighters' Pension Fund, 367 Ill.App.3d 259; McKee v. Board of Trustees of the Champaign Police Pension Fund, 367 Ill.App.3d 538; Galena Gazette Publications, Inc. v. County of Jo Daviess, 375 Ill.App.3d 338; and James Ellison v. Illinois Racing Board, 377 Ill.App.3d 433.
The Illinois General Assembly has amended the Act with respect to meetings of residential healthcare facilities (P.A. 94-931); definition of meeting with regard to telephone conferences (P.A. 94-1058), including the addition of new Section 7 regarding physical presence at a meeting. P.A. 95-245 expands the definition of "meeting."
Contact Us
As much as municipal finance and local government regulations can be complex, there are always solutions available. Our Springfield offices are open Monday through Thursday from 8:30 to noon, and 1 to 5, as well as Fridays from 8:30 to 1. Contact us today for more information.