Latest News from Seifel Consulting Inc.


Tag » AB1X 26

The issuance and disclosure of tax allocation bond (TAB) debt since the dissolution of redevelopment has brought challenges to communities throughout California, ranging from difficulty obtaining accurate project area information to lack of guidance regarding important issues like tax increment limitations. To aid city and county staff who are at the front lines of bond issues, the California Redevelopment Association (CRA) presented training workshops in Southern and Northern California, led by leading experts and practitioners, to provide an in-depth look at TAB bond administration, refunding and continuing disclosure issues.

David McEwen, partner at Stradling Yocca Carlson & Rauth, led the first panel: “Existing Bonds: Fitting the Square Peg into a Round Hole,” featuring presentations by Barbara Boswell, Finance Director for the City of Lancaster, and Seifel Consulting President Libby Seifel. Their session presented recommended best practices regarding how to assure sufficient revenues are available to meet bond obligations through the ROPS process, legal requirements for the use of existing bond proceeds, and what to do when the IRS comes knocking.

Other issues covered during the workshop included:

  • How State legislation has impacted tax allocation bonds and how these new legal requirements apply at the local level
  • What it takes to market tax allocation bonds in this changing environment
  • How the State Department of Finance and County Auditor Controllers evaluate bond obligations
  • How to prepare necessary technical reports including fiscal consultant and disclosure reports
  • What are the current bond disclosure policies and consequences of reporting failure, particularly given recent SEC scrutiny
  • What are the pros and cons of bond refunding

Workshop luncheon speaker Brent Hawkins, Partner at Best Best & Krieger LLP provided an update on the latest developments on State legislation and pending legal cases related to redevelopment. Joseph (Joe) Coomes and Libby Seifel also presented the findings from ULI’s upcoming publication on new tools and strategies to promote economic development and build sustainable communities.


On July 21, the U.S. Department of Housing and Urban Development (HUD) Office of Community Planning and Development (CPD) presented a one day conference in Oakland, CA  for all its CPD and competitive grantees. Similar HUD conferences took place throughout the nation to seek innovations and collaborative solutions to the deployment of HUD programs.

Libby Seifel and Marie Munson presented "Spotlight on Redevelopment - AB1X 26 & 27: What You Need to Know". Check out the presentation here.