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Timnath GID board hires Butler Snow LLP as bond and disclosure counsel ahead of proposed 2026 bond sale
Summary
The Timnath Landing GID approved engagement of Butler Snow LLP for bond counsel and disclosure counsel work tied to a proposed public offering of senior and subordinate limited‑tax general obligation bonds; staff said the engagement adds $115,000 in closing costs and the district expects initial net bond proceeds of about $6.4 million.
The Timnath Landing General Improvement District board voted unanimously on Nov. 18 to engage Butler Snow LLP as bond counsel and special disclosure counsel for a proposed public bond issuance tied to the Timnath Landings development.
Unidentified counsel presenting the amended engagement said the structure of the financing has become more complex and now anticipates both senior and subordinate debt sold in a public offering, requiring a preliminary and limited offering memorandum to disclose risks to potential purchasers. “So the updated engagement letter would be for a cost of a $115,000,” the presenter said, adding that the fee would be paid…
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