Share:
Font Size:
Signing of the Charter County of Wayne, State of Michigan, Tax Revenue Notes, Series 2019

On June 5, 2019, the Treasurer met with the transaction team to sign the documents for the closing of the $148,740,000 Charter County of Wayne, State of Michigan, Tax Revenue Notes, Series 2019.

Present at the signing were Treasurer Eric R. Sabree, John Kravitz, and Carl Stafford, representing the County Treasurer's Office; Craig Hammond and Laura Bassett, representing Dickinson Wright PPC, serving as Note Counsel to the Treasurer; Dale Deis, representing PFM Financial Advisors LLC, serving a financial advisor to the Treasurer; Jim Kern, Angie Blackmer, and Rebecca Gearhart representing JPMorgan Chase Bank, the purchaser of the Notes; Jarrod Smith of Dykema Gossett PLLC, serving as counsel to JPMorgan Chase Bank; and Nan Packard, representing The Bank of New York Mellon Trust Company, N.A., serving as Trustee for the transaction.The signing took place at the offices of Dickinson Wright PPC, located at 500 Woodward Ave, Detroit, Michigan.The $148,740,000 raised by the Treasurer through the sale of the Notes to JPMorgan Chase Bank will be paid over to the various local communities in Wayne County as an advance against the 2018 delinquent taxes that were turned over to the Treasurer for collection by the various local communities in Wayne County.