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Innovations.
One of the main strengths of THE LAW OFFICES OF WILLIAM T. AVILA, P.C. is its ability to draw upon the attorneys' many years of broad experience to devise solutions to unique problems. Attorneys in our firm have been in the forefront of developing additional financing techniques for use by cities and other political subdivisions in Texas. Some examples would be as follows:
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Attorneys in the firm developed and secured approval for the issuance of lease revenue bonds by a city without lease-purchase powers under an operating lease agreement, as opposed to a lease-purchase, which enabled the city to rent office space for its administrative needs as an annual lease payment obligation below current lease market rates.
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Attorneys in the firm developed and secured approval for the issuance of parking system revenue bonds to support the development of a convention hotel for the city.
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Attorneys in the firm developed and secured approval for the issuance of short-term commercial paper notes which permits eligible political subdivisions to issue debt at low interest rates to finance capital improvements for the City of San Antonio and its water system and electric and gas system.
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Attorneys in the firm also developed and approved the first "forward new money bonds" in Texas for the City of San Antonio.
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As Bond Counsel for the City of San Antonio's $777,700,000 Electric and Gas Systems 1994 refunding issue, attorneys in the firm negotiated and drafted, and worked with the Texas Attorney General's office to approve, necessary documents relating to derivative products used for the first time in the State of Texas to achieve greater interest savings for the ratepayers of the System.
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Attorneys in the firm served as Bond Counsel in the first Hispanic Charter School to receive tax-exempt debt financing.
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Attorneys in the firm developed and secured approval the first public improvement special assessment district to use revenue bonds under the Public Improvement District Act for San Antonio's Tn-Party Project.
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William T. Avila was instrumental in drafting legislation relating to municipal finance for consideration by the Texas Legislature. Mr. Avila played a role in the re-codification of the general laws relating to the issuance of public securities which was approved by the Texas Legislature and generally became effective on September 1, 1999.
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Mr. Avila has played a major role in a variety of interlocal and public/private partnership projects for infrastructure throughout the State some of which have included swimming poois, classrooms, water and sewer plants, highways, airports, stadiums, street, drainage, and flood control projects, to name a few.
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Mr. Avila was asked and has testified before and drafted for the Texas House of Representatives Special Committee on NAFTA and GATT, the House Economic Development Committee, the Senate Committee on International Relations, Trade and Technology, the Senate Finance Committee, Senate Interim Committee on the North American Free Trade Agreement, legislation titled the "International Cooperation Agreements," which authorizes state agencies and local governments within the South Texas/Border Region to jointly undertake with states and local governments of the Republic of Mexico to finance, construct and operate a variety of infrastructure projects. This statute was passed in the 1999 legislative session as Senate Bill 77.
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Attorneys in the firm developed and secured approval for the issuance of lease revenue bonds by the first Base Development Authority created under the Local Government Code for an airplane maintenance hangar by a national airplane manufacturer.
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Mr. Avila assisted the San Antonio Independent School District in the development of the first school district lease-purchase transaction which was insured by a national bond insurance company and sold as "AAA" rated bonds.
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Mr. Avila served as the lead economic development bond counsel in developing and negotiating the economic development incentive agreement between the Toyota USA, and the City of San Antonio, Bexar County, State of Texas and other related state and local agencies, and area school districts, and developed the legal structure utilized by the City of San Antonio and its agencies in financing the acquisition, development, and transfer of the land encompassing the project site for the Toyota Plant.. |