This is a summary list intended to represent a typical transaction. Your particular transaction may be different than this list.

1. Prepare an executive summary (offering material and communication centerpiece for bond counsel, bank’s counsel, borrower’s counsel and city’s atty).
2. Prepare bank search, make a recommendation to MBE.
3. Meet with bankers face to face .
4. Decide on issuer strategy to reduce issuer’s fee.
5. Meet with city staff and City Council to pass initial resolution.
6. Attend City Council meetings for public hearing.
7. Collect initial bank reactions, present recommendation to MBE.
8. Guide the transaction through loan committee at the bank.
9. Negotiate the bank’s written loan commitment.
10. Ensure that the bank satisfies all closing requirements such as real estate appraisal, survey, title work, environmental phase 1, etc.
11. Negotiate loan documents with bond counsel.
12. Review final closing so funds are disbursed correctly.

For a bank deal:

1. Prepare an executive summary (offering material and communication centerpiece for bond counsel, bank’s counsel, borrower’s counsel and city’s atty).
2. Decide on issuer strategy to reduce issuer’s fee and ensure the availability of BQ.
3. Contact city staff and describe issuance needs.
4. Meet with City Council and pass initial resolution.
5. Assist KB with its preparation for loan committee in terms of understanding the unique aspects of the tax-exempt, bank-qualified nature of the note.
6. Assist KB with persuading CC to accept KB’s commitment terms.
7. Send revised loan commitment to bond counsel and initiate the first draft of loan documents.
8. Ensure that KB/CC have engaged and commenced RE appraisal, survey, title work, environmental phase 1 if required, determine if we will be using a title company to handle disbursements, etc.
9. Read and comment on first draft of core documents, send my comments to all parties, especially bond counsel. Assist CC and KB with its understanding of the loan documents, which are mandatory (vis a vis state and federal regulations and laws)
10. Receive and review second draft of loan documents and first draft of closing certificates and direct CC to approve its authorizing resolution and send my comments on the second draft of loan documents to all parties.
11. Attend City Council meeting for public hearing.
12. Once loan documents are in substantially final form (state law) schedule final appearance before the city council(s) and seek approval of final resolution.
13. Set up preclosing meeting with KB, CC and the City to collect preclosing signature to loan documents.
14. Prepare and submit underwriter’s marketability opinion to bond counsel for inclusion in MN DEED application.
15. Review title company’s sources and uses of funds statement.
16. Assist and oversee remote closing and confirm of wire transfers or internal bank prepayments, etc.