Coats Rose Attorneys Close Sale of $3.2 Million Tax-Exempt Bonds for the City of Hackberry, Texas

green-tim koehne-mindy craig-malloryCoats Rose Attorneys, Directors Tim Green and Mindy Koehne, and Associate Mallory Craig, recently closed the sale of $3.2 million of tax exempt-bonds secured by special assessments collected through use of a public improvement district (“PID”).

Coats Rose is the first Houston-based law firm to serve as bond counsel on such a financing.

“The use of ‘assessment based’ or ‘pid’ financing of public infrastructure is growing throughout the state even though, as yet, it has not been utilized in the Houston area,” said Green.

Tim Green specializes in public finance throughout Texas, including particularly the creation of special purpose districts. He has been involved in the development of thousands of acres of land for residential and commercial purposes, and the issuance of over $6 billion of tax-exempt bonds for the financing of public infrastructure.

Mindy Koehne is a Director in the firm’s Dallas office. Mindy’s work is concentrated primarily in the real estate development and public finance areas. Her representation involves the creation and administration of special purpose districts located throughout Texas and the issuance of tax-exempt bonds to fund public infrastructure. The majority of Mindy’s practice involves the representation of real estate developers who engage in both commercial and residential development.

Mallory Craig provides legal counsel for special purpose districts, with a focus on community development and growth. Her practice is focused on the creation of special purpose districts, statutory and regulatory interpretation, governmental relations, and administration of special districts.

Coats Rose is a business transaction and litigation law firm based in Houston, Texas. For more than 25 years, Coats Rose attorneys have worked with clients in construction/surety law, real estate law, commercial litigation of all types, municipal law, public finance, affordable housing, insurance law, labor and employment law, and governmental relations.  Coats Rose is comprised of more than 90 attorneys, with offices in Houston, Austin, Dallas, San Antonio, and New Orleans.

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