Buffalo, NY Fiscal Stability Authority Selects Mintz Levin as Bond Counsel
1/30/2004
The Buffalo, NY Fiscal Stability Authority has chosen Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC to join an underwriting team lead by Lehman Brothers, as senior manager, and Public Financial Manager, as financial advisor. Mintz Levin will be bond counsel in the team brought together to evaluate bonding plans, which include a request to issue $7.8 million in deficit bonds to help Buffalo balance this year?s budget.
Jonathan Ballan, a Partner in the New York office practicing in the Public Law section, will lead Mintz Levin's team. The Fiscal Stability Authority selected the underwriting team, which will also help the Authority oversee any bond deals Buffalo brings directly to market, based on each company's experience. Ballan is Chairman of New York's Municipal Assistance Corp, upon appointment in 2000 by Governor Pataki, which sold bonds to help with New York City's recovery from the 1970s fiscal crisis. In addition, Ballan has done bond counsel work for Nassau and Yonkers, NY, another distressed community.
