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Professional background
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Arik A.Sherk

Partner

Focus Areas

Bond Issues for Housing, Health Care, Cultural and Manufacturing Facilities
  • Bond counsel in connection with the pending issuance of over $100 million of tax-exempt solid waste facilities revenue bonds for the construction of an approximately 200,000 square foot recycling facility in Conneaut, Ohio that will recycle various tire waste material.
  • Bond counsel in connection with the issuance of over $117 million of tax-exempt hospital facility revenue bonds for the construction of an approximately 260,000-square-foot, eight-story patient care tower for Dayton Children’s Hospital.
  • Bond counsel in connection with the issuance of over $39 million of tax-exempt health care facilities revenues bonds for The A.M. McGregor Home, a non-profit retirement community in Cleveland, Ohio.
  • Bond counsel in connection with the issuance of over $3 million of tax-exempt economic development revenue bonds for the construction of the Young Men’s Christian Association of Greater Dayton Reach Center in Xenia, Ohio.
  • Bond counsel in connection with the issuance of over $60 million of tax-exempt multifamily housing revenue bonds for two multifamily residential projects on the 27-acre, multi-use University Park at MIT campus in Central Square, Cambridge, Massachusetts.
  • Developer’s counsel and underwriter’s counsel in connection with the remarketing of over $85 million of tax-exempt revenue bonds for the financing of the preservation and conversion of the historic former tobacco industry factories/warehouses in the Tobacco Row district in Richmond, Virginia, into apartments and commercial/office space.
  • Bond counsel and counsel to the borrower in connection with the issuance the Delaware County Port Authority of $13 million of tax-exempt adjustable rate demand economic development revenue bonds for the expansion of the Columbus Zoo.
  • Underwriter’s counsel in connection with the issuance of $15 million of District of Columbia tax-exempt enterprise zone revenue bonds for the International Spy Museum in Washington, D.C.
  • Bond counsel in connection with the issuance of more than $30 million of tax-exempt economic development revenue bonds for the construction of the Benjamin & Marian Schuster Performing Arts Center in Dayton, Ohio.
  • Bond counsel in connection with the issuance of $14 million of tax-exempt variable rate limited obligation revenue bonds for the construction of the Montgomery County Job Center in Dayton, Ohio.
  • Bond counsel in connection with the issuance of $3 million of tax-exempt economic development revenue bonds for the construction of an HVAC system for the Dayton Art Institute.
  • Counsel to the Developer in connection with the issuance of over $46,000,000 of FHA insured tax-exempt multifamily housing revenue bonds for a multifamily residential project in the southeast quadrant of the District of Columbia
Representative Matters – Tax Increment and other Infrastructure Financings
  • Counsel to the developer in connection with the issuance of over $24,000,000 of taxable economic development tax increment financing revenue bonds by the City of Cleveland Heights, Ohio for the financing of the Top of the Hill Development project, including approximately 261 market-rate apartments and a public parking garage resulting in approximately 550 parking spaces.
  • Counsel to the placement agent in connection with the issuance of over $9,00,000 of limited obligation tax increment revenue bonds by the Lansing Brownfield Redevelopment Authority for the financing of the “Red Cedar Development District” mixed use development.
  • Counsel to the placement agent in connection with the issuance of $8,000,000 of tax-exempt tax increment financing development revenue bonds by the Port of Greater Cincinnati Development Authority for the financing of public improvements to support the FC Cincinnati Major League soccer stadium in Cincinnati, Ohio.
  • Counsel to the municipality in connection with a tax increment financing for the public infrastructure for the redevelopment of the former airport in Blue Ash, Ohio.
  • Counsel to the municipality in connection with the levying of special assessments to finance parking facilities for an office building in Sharonville, Ohio.
  • Counsel to the municipality in connection with a tax increment financing for the Electrical Power Integrated Systems Research and Development Center on the campus of the University of Dayton.
  • Counsel to the developer in connection with the issuance of over $15,000,000 of tax increment revenue refunding bonds by the Port of Greater Cincinnati Development Authority for the financing of the parking garage for the Kenwood Collection retail development in Sycamore Township, Ohio.
  • Counsel to the developer in connection with the tax increment financing for the financing of the public infrastructure improvements for the Cornerstone mixed used real estate development in Centerville, Ohio.
  • Counsel to the company in connection with the issuance of over $28 million of taxable economic development revenue bonds payable from tax increment revenues that were issued by the City of Richmond, Indiana to finance the Blue Buffalo pet food production facility.
  • Counsel to the developer in connection with the issuance of approximately $30 million of bonds supported by tax increment financing revenues and special assessments for the financing of the Interstate 90/Lear Road Interchange in Avon, Ohio, and related public infrastructure improvements.
  • Counsel to the developer in connection with the issuance by the Port of Greater Cincinnati Development Authority of $6.835 million of special obligation development revenue bonds supported by tax increment financing revenues and special assessments for the financing of the Cincinnati Oakley Station public infrastructure project.
  • Bond counsel in connection with the issuance of over $9 million of tax increment revenue bonds for the public infrastructure improvements necessary for the construction of an office complex in Blue Ash, Ohio.
  • Counsel to the developer in connection with the issuance of up to $19 million of tax increment revenue notes and bonds for the public infrastructure improvements necessary for the “Corridor 75 Park” industrial/logistics center located at the southeast quadrant of the I-75 and State Route 63 interchange in Monroe, Ohio.
  • Bond counsel in connection with the issuance of up to $20 million of tax increment revenue notes and bonds for the public infrastructure improvements necessary for the “Rivers Crossing” multi-phase mixed use real estate development in South Lebanon, Ohio.
  • Counsel to the municipality in connection with the creation of a community reinvestment area to provide a tax abatement for the development of a multi-family housing project in South Lebanon, Ohio.
  • Developer’s counsel in connection with the tax-exempt bond financing of over $600 million in public infrastructure necessary for the mixed use redevelopment of the Stapleton Airport in Denver, Colorado, the largest new urbanist project in the United States.
  • Developer’s counsel in connection with the issuance of over $50 million of tax increment revenue bonds for the public infrastructure improvements necessary for the renovation of the historic 523-foot Mercantile Tower in Dallas, Texas.
  • Counsel to the developer in connection with the issuance of approximately $90 million of tax-exempt bonds secured by payments in lieu of taxes for public infrastructure improvements necessary for the phased development of an approximate 42-acre portion of the Southeast Federal Center located in the southeast quadrant of Washington, D.C.
  • Counsel to the developer in connection with the issuance of over $46 million of FHA insured tax-exempt multifamily housing revenue bonds for a multifamily residential project in the southeast quadrant of the District of Columbia.
Representative Matters – New Markets Tax Credit Transactions
  • Counsel to the Borrower in connection with a New Markets Tax Credit financing for a $6,000,000 “cooperatively owned” grocery store in Dayton, Ohio, including a community room, community health clinic and a teaching kitchen.
  • Counsel to the borrower in connection with a New Markets Tax Credit financing for a $50 million artisan cheese production facility in Platteville, Wisconsin, for which three national community development entities allocated tax credits.
  • Counsel to the borrower in connection with a New Markets Tax Credit financing for a $25 million rehabilitation of a downtown Cleveland office tower into a corporate headquarters building for a national insurance company. This financing also involved job creation tax credits from the state of Ohio, loans from Cuyahoga County, Ohio, and the state of Ohio, which were utilized to leverage the New Markets Tax Credits, and a tax increment financing from the city of Cleveland.
  • Counsel to the borrower in connection with a New Markets Tax Credit financing for a $20 million rehabilitation of a downtown Dayton, Ohio, office tower into the administrative office for a large health care consortium.
  • Counsel to the borrower in connection with a New Market Tax Credit financing for a $4 million advocacy center for abused children in Dayton, Ohio
  • “Bridging the Gap in Your Capital Stack with New Markets Tax Credits,” Thompson Hine Webinar, February 2021
  • “Public/Private Partnerships, Alternative Anchors, and other Winning Strategies for Twenty-First Century Retail Development Projects – Use of TIF and Special Assessments Financing/Avon Interchange,” 2013 ICSC Ohio, Kentucky, Indiana, Michigan And Western Pennsylvania Retail Development & Law Symposium, Columbus, Ohio
  • “New Markets Tax Credits: Upfront Guidelines for Developers,” 2012 Urban Land Institute, Cleveland, Ohio
  • “Tax Increment Financings, Tax Abatements and the New Prevailing Wage Requirement Guidelines,” 2008 Dayton Area Board of Realtors
  • “Tax Increment Financings: The Current Laws & Updates,” 2006 I-70/75 Development Association Annual Meeting
  • “Condominium, Housing and Mixed Use Development: Tax Increment Financings,” 2005 Land Development Conference
  • AV® Preeminent Rated by Martindale-Hubbell
  • Named to Who’s Who in Real Estate 2015 – Dayton Business Journal
  • Selected for inclusion in The Best Lawyers in America© since 1997 for Banking and Finance Law, and Public Finance Law; named the Best Lawyers® 2015 Banking and Finance Law “Lawyer of the Year” in Dayton

Professional Associations

  • National Association of Bond Lawyers
  • Ohio State Bar Association
  • Dayton Bar Association

Community Activities

  • American Red Cross Dayton Area Chapter, Board of Directors, 2015-2017 Board Chair
  • Miami Valley Hospital Foundation,  trustee emeritus

Education

  • George Washington University, J.D.,

    1984

  • University of Michigan,

    1981, with honors

Bar Admissions

  • Ohio
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