HomeMy Public PortalAboutRE_ (3)
Renee Basel
From:mark raymond <mark.raymond@mraymondlaw.com>
Sent:Wednesday, April 13, 2011 1:30 PM
To:'Danny Brannon'
Subject:RE:
Attachments:image001.jpg; image003.jpg; image004.jpg
Most likely I would charge the same thing as JIC, which was 20,000, contingent on closing.
Mark E. Raymond
4360 Northlake Boulevard
Suite 204
Palm Beach Gardens, FL 33410
Tel: 561.775.8440
Fax: 561.775.8442
Cell: 561.758.0930
Home Tel: 561.625.1561
Email: mark.raymond@mraymondlaw.com
Alt. Email: mer101559@comcast.net
From: Danny Brannon \[mailto:dbrannon@bngengineers.com\]
Sent: Wednesday, April 13, 2011 10:11 AM
To: 'mark'
Subject: RE:
I explained that also. He just want to be sure the Mayor doesn’t object. Do you have a ballpark as to your fee? Similar to
JIC? Or is it hard to tell without seeing what you have to work with?
Danny P. Brannon, P.E.
Brannon & Gillespie, LLC
12798 West Forest Hill Blvd, Ste 102
Wellington, FL 33414-4704
Phone: (561)795-0833 - Fax: (561) 795-5678
Website: www.BnGEngineers.com
From: mark \[mailto:mark.raymond@mraymondlaw.com\]
Sent: Tuesday, April 12, 2011 7:17 PM
To: 'Danny Brannon'
Subject: RE:
At this point it is gratis, just to see if I can help them.
From: Danny Brannon \[mailto:dbrannon@bngengineers.com\]
Sent: Tuesday, April 12, 2011 6:44 PM
To: 'mark raymond'
Subject: RE:
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Bill needs to discuss with Mayor Kotch. If agreeable, we will get with you.
Danny P. Brannon, P.E.
Brannon & Gillespie, LLC
12798 West Forest Hill Blvd, Ste 102
Wellington, FL 33414-4704
Phone: (561)795-0833 - Fax: (561) 795-5678
Website: www.BnGEngineers.com
From: mark raymond \[mailto:mark.raymond@mraymondlaw.com\]
Sent: Tuesday, April 12, 2011 4:36 PM
To: 'Danny Brannon'; 'Bill Thrasher'
Subject: RE:
Please send me the town’s financial statements for the last 3 years. What bank does the town do its main banking with?
Mark E. Raymond
4360 Northlake Boulevard
Suite 204
Palm Beach Gardens, FL 33410
Tel: 561.775.8440
Fax: 561.775.8442
Cell: 561.758.0930
Home Tel: 561.625.1561
Email: mark.raymond@mraymondlaw.com
Alt. Email: mer101559@comcast.net
From: Danny Brannon \[mailto:dbrannon@bngengineers.com\]
Sent: Tuesday, April 12, 2011 4:32 PM
To: 'mark raymond'; 'Bill Thrasher'
Subject: RE:
Mark,
The project is around $5,500,000. They would likely want 20 years if possible to keep the assessments down. The
assessment Methodology is to be delivered on 4/28. Then we will know how much will come from assessments and how
much will come from other funds. Willdan is doing the assessment methodology.
Danny P. Brannon, P.E.
Brannon & Gillespie, LLC
12798 West Forest Hill Blvd, Ste 102
Wellington, FL 33414-4704
Phone: (561)795-0833 - Fax: (561) 795-5678
Website: www.BnGEngineers.com
From: mark raymond \[mailto:mark.raymond@mraymondlaw.com\]
Sent: Tuesday, April 12, 2011 4:21 PM
To: 'Danny Brannon'; 'Bill Thrasher'
Subject: RE:
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Hello Bill, been a long time. Glad you are still around.
Both Jupiter Inlet Colony and Hillsboro Beach have done recent assessment financings—JIC for electric underground and
HB for beach renourishment. Both got loans from a bank. So long as the town doesn’t expect to incur more than 10mm of
tax exempt debt this year, the loan is “bank qualified” meaning the banks will give their lowest tax exempt rate. Although
I was able to get 20 year financing for a hillsboro beach wateer system financing in january, we only got one bid for
Jupiter inlet colony and it was only 15 years fixed although the colony wanted 20 years.
The issue for the banks with JIC were: (i) the loan was small and the bank’s are stretched thin and don’t like to spend time
getting a small deal approved when there is an rfp process; (ii) the town is very small—only 250 homes; and (iii) the town
has virtually no general banking business to throw back to the bank. I don’t know if any of this would apply to
Gulfstream.
What is the size of the project? Will it be financed 100% with assessments? And what term of repayment were you
looking for?
Mark E. Raymond
4360 Northlake Boulevard
Suite 204
Palm Beach Gardens, FL 33410
Tel: 561.775.8440
Fax: 561.775.8442
Cell: 561.758.0930
Home Tel: 561.625.1561
Email: mark.raymond@mraymondlaw.com
Alt. Email: mer101559@comcast.net
From: Danny Brannon \[mailto:dbrannon@bngengineers.com\]
Sent: Tuesday, April 12, 2011 4:07 PM
To: 'Bill Thrasher'
Cc: 'mark raymond'
Subject: RE:
Bill,
I will get with Mark Raymond for some of the details. We signed the Note with Sun Trust last night. It was for $3,022,000
with an initial rate of 3.77% and a term of 15 years, with a rate escalator based inversely on the Commercial Tax Rates.
Mark handled the RFP and the transaction details for JIC.
Danny P. Brannon, P.E.
Brannon & Gillespie, LLC
12798 West Forest Hill Blvd, Ste 102
Wellington, FL 33414-4704
Phone: (561)795-0833 - Fax: (561) 795-5678
Website: www.BnGEngineers.com
From: Bill Thrasher \[mailto:bthrasher@gulf-stream.org\]
Sent: Tuesday, April 12, 2011 3:56 PM
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To: Danny Brannon
Subject:
At the 4/28 special meeting I believe I should start the discussion on financing and request permission to send out a RFP
or RFQ.
Could you get me information on what JIC used and what they ended up with. Did they go construction loan, then
permanent and for what time interval.
I think you know what I need to get me started for a discussion with the Commission. Please send to me to start
absorbing.
Thanks,
BT
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