Contact Information 

Lawrenson Services Inc.
1393 Riverview Run Lane
Suwanee, GA 30024

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678-714-4933

Fax: 678-288-1297

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Our Experience

LSI has participated in numerous financings where a combination of extensive bond financing and technical computer expertise was necessary. More recent examples of this experience include the following bond issues and restructurings (contacts and referrals are available upon request): 

$50,000,000 Alabama Municipal Finance Corporation (Alabama League of Municipalities “ALM”) Variable Rate Municipal Funding Notes– Series 2008-A. LSI structured and is serving as Program Advisor and Loan Servicer for this second pooled financing program for ALM member cities.  Closed December, 2008.

$75,000,000 County of Trimble, Kentucky, Kentucky, Kentucky Association of Counties (“KACo”) Leasing Trust, Lease Program Revenue Notes – Variable Rate 2008 Series A.  LSI structured and served as Financial Advisor for this KACo debt issuance, aimed at tailoring the amount of debt issued as leases to counties are made.  We also provide lease origination and servicing for the pool.  Closed: December, 2008.

$50,000,000 Missouri Development Finance Board, Commercial Paper Lease Revenue Notes Missouri Association of Municipal Utilities (“MAMU”) Lease Financing Program, Series 2008A.  LSI structured and served as Financial Advisor for this third of three innovative tax-exempt commercial paper issues for MAMU to facilitate issuance of the amount of debt needed as leases to municipalities are made.  We also provide lease origination and servicing to MAMU.  Closed: August, 2008.

$30,000,000 County of Christian, Kentucky, Kentucky, Kentucky Association of Counties (“KACo”) Leasing Trust, Lease Program Revenue Notes – Variable Rate 2008 Series A.  LSI structured and served as Financial Advisor for this KACo debt issuance, aimed at tailoring the amount of debt issued as leases to counties are made.  We also provide lease origination and servicing for the pool.  Closed: June, 2008.

$70,000,000 County of Christian, Kentucky, Kentucky, Kentucky Association of Counties (“KACo”) Leasing Trust, Lease Program Revenue Notes – Variable Rate 2007 Series B.  LSI structured and served as Financial Advisor for this KACo debt issuance, aimed at tailoring the amount of debt issued as leases to counties are made.  We also provide lease origination and servicing for the pool.  Closed: August, 2007.

$50,000,000 County of Christian, Kentucky, Kentucky, Kentucky Association of Counties (“KACo”) Leasing Trust, Lease Program Revenue Notes – Variable Rate 2007 Series A.  LSI structured and served as Financial Advisor for this KACo debt issuance, aimed at tailoring the amount of debt issued as leases to counties are made.  We also provide lease origination and servicing for the pool.  Closed: April, 2007.

$50,000,000 Missouri Development Finance Board, Commercial Paper Lease Revenue Notes Missouri Association of Municipal Utilities (“MAMU”) Lease Financing Program, Series 2006A.  LSI structured and served as Financial Advisor for this second of two innovative tax-exempt commercial paper issues for MAMU to facilitate issuance of the amount of debt needed as leases to municipalities are made.  We also provide lease origination and servicing to MAMU.  Closed: December, 2006.

$50,000,000 Alabama Municipal Finance Corporation (Alabama League of Municipalities “ALM”) Variable Rate Municipal Funding Notes– Master Series 2006-A. LSI structured and is serving as Program Advisor and Loan Servicer for this first-ever pooled financing program for ALM member cities.  Closed January, 2006.

$50,000,000 Midwest Consortium of Municipal Utilities (Minnesota Municipal Utilities Association “MMUA”) Lease Program Revenue Bonds – Series 2005B. LSI structured and is serving as Financial Advisor and Program Administrator for the first draw-down pooled financing program for MMUA.  Closed October, 2005.

.$50,000,000 Missouri Development Finance Board, Commercial Paper Lease Revenue Notes Missouri Association of Municipal Utilities Lease Financing Program, Series 2005A.  LSI structured and served as Financial Advisor for this innovative use of tax-exempt commercial paper to facilitate issuance of the amount of debt needed as leases to municipalities are made.  We also provide lease origination and servicing to MAMU.  Closed: June, 2005.

$100,000,000 County of Shelby, Kentucky, Kentucky Association of Counties (“KACo”) Leasing Trust, Lease Program Revenue Bonds – Variable Rate 2004 Series A.  KACo engaged LSI as Financial Advisor and as Lease Originator and Servicer. Closed: September, 2004.

$50,000,000 City of Morehead, Kentucky, Kentucky League of Cities (“KLC”) Funding Trust Lease Program Revenue Bonds, Variable Rate 2004 Series A.  LSI served as Financial Advisor and trained KLC personnel to do their own program administration.  Closed: June, 2004.

$33,435,000 Missouri Development Finance Board Lease Revenue Bonds (Missouri Association of Municipal Utilities “MAMU” Lease Financing Program)– Series 2003. LSI structured, managed and served as financial advisor on this designated pool financing program, and also provides program administration. Closed: June, 2003.

$50,000,000 City of Fort Mitchell, Kentucky, Kentucky League of Cities Funding Trust Lease Program Revenue Bonds – Variable Rate 2002 Series A. LSI served as Financial Advisor, Loan/Lease Servicer, and trained KLC personnel to later do their own program administration for this pooled financing, the seventh structured financing LSI has done for KLC since 1989. Closed: October, 2002.

$50,000,000 City of Newport, Kentucky, Kentucky League of Cities Funding Trust Lease Program Revenue Bonds - Series 2002. KLC hired LSI to serve as Financial Advisor and to provide post-closing program administration for this blind pool financing. All funds were originated in 5 months. Closed: April, 2002.

$100,000,000 County of Breckinridge, Kentucky, Kentucky Association of Counties Leasing Trust Lease Program Revenue Bonds Variable Rate - 2002 Series A. LSI served as financial advisor and is contracted to provide ongoing program administrative support. Closed: March, 2002.

$50,000,000 County of Breckenridge, Kentucky, Kentucky Association of Counties Leasing Trust, Lease Program Revenue Bonds – Series 2001. KACo engaged LSI as financial advisor and as Lease Originator and Servicer. Closed: February, 2001.

$50,000,000 Kentucky League of Cities Funding Trust Lease Program Revenue Bonds Weekly Rate, City of Jeffersontown, Kentucky – Series 2000. LSI served as financial advisor, structuring agent and provided the post-closing administrative support for this pool until August, 2010, when we KLC personnel began to do their own program administration. Closed: March, 2000.

$157,500,000 Kentucky League of Cities Pool Restructuring - 2000. LSI presented, and served as financial advisor on, this restructuring of the primary Guaranteed Investment Contract for this pooled financing, resulting in $500,000 cash payment to KLC. Closed: February, 2000.

$50,000,000 Kentucky Association of Counties (“KACo”) Multi-County Lease Revenue Bonds – Series 1999. KACo appointed LSI as financial advisor and to also provide post-closing program administration for this pooled financing, the third structured financing LSI has done for KACo since 1989. Closed: December, 1999. All funds originated.

$100,000,000 Missouri Association of Municipal Utilities (“MAMU”) Tax-Exempt Lease Revenue Bonds – Series 1999. LSI structured, managed and served as financial advisor and on this pooled financing. Closed: December, 1999.

$100,000,000 Kentucky League of Cities Taxable Limited Obligation Bonds - Series 1999. LSI introduced KLC to the concept of taxable arbitrage bonds, and was the sole financial advisor in this taxable pool program. Closed: May, 1999.

$157,500,000 Kentucky League of Cities Pool Restructuring - 1997. LSI presented, and served as financial advisor on this “value-added” restructuring of the main Guaranteed Investment Contract for this pooled financing. $1.3 million net cash payment to KLC.

$210,835,000 Pennsylvania Finance Authority Pool Restructuring - 1997. PFA engaged LSI as financial advisor in this restructuring of the pool’s investments, resulting in over $1,800,000 additional revenues to PFA.

$100,000,000 City of Mayfield, Kentucky - Kentucky League of Cities Multi-City Lease Revenue Program - Series 1996. KLC engaged LSI to serve as sole financial advisor, manager and program structuring agent in this multi-modal, letter of credit backed, pooled financing,. LSI was also contracted to assist in program administration, including origination and servicing of loans and leases.

$97,830,000 Alabama Higher Education Loan Corporation - Student Loan Revenue Refunding Bonds—Series 1994 A-D. LSI has been employed to provide ongoing cash flow analyses, including analysis of multiple student loan portfolios.

$157,500,000 City of Mount Sterling, Kentucky - Kentucky League of Cities Funding Trust Lease Program - Series 1993. LSI personnel were instrumental in the initial structuring of this unique combined taxable/tax exempt fixed rate pool program, and was also  engaged by KLC to assist in the ongoing origination of leases, to service all leases and to monitor overall program status.

$100,000,000 Pendleton County, Kentucky - Kentucky Association of Counties Leasing Trust Program—Series 1993. The initial structuring of this fixed rate multi-county pool program was accomplished by LSI personnel, who will also help KACo personnel make leases from the program.

$152,975,000 City of Danville, Kentucky - Kentucky Municipal League ("KML") Pooled Lease Financing Program - Series 1989. LSI was engaged in June of 1989 to serve as loan service provider in this pooled financing. Responsibilities are extensive, and include providing technical lease marketing support, lease debt service and prepayment schedules, to assist in lease application and processing. LSI was also engaged to perform parity ratio computation and cash flow analyses, to consult on KML computer matters, to perform lease servicing (including billing) and to train KML personnel in these and other lease origination and servicing procedures. Primarily through the efforts of LSI, this pool was 100% originated, and remains nearly so at all times through the recycling of principal payments.

$200,000,000 Pendleton County, Kentucky - Kentucky Association of Counties Leasing Trust Program—Series 1989. LSI began in March 1989 to provide ongoing lease origination and servicing, including training of KACo personnel, in this $200,000,000 blind pool financing. We have met with the letter of credit provider and trustee to discuss various aspects of the program, assisted KACo in configuring their in-house computer systems, designed the lease pre-application and application forms, consulted on other marketing tools and technique, and created cash flow models. We continue to produce monthly lease billing, late billing and parity ratio computations, as well as serve as financial advisor to KACo on this program.

$75,465,000 King County, Washington Unlimited Tax General Obligation Bonds - Series 1988B. LSI was employed to provide ongoing annual arbitrage rebate services in this regional health care project financing.

$75,000,000 Tennessee Educational Financing Program - Series 1987. LSI was contracted in 1988 to develop a series of computer models and employ them to perform various program computations, including blended bond yield for mixed-mode issuance, minimum bond rate, floating loan rates to borrowers, acquisition fund investment strategies and rates and arbitrage rebates.

$127,485,000 Louisiana Public Facilities Authority ("LPFA") Guaranteed Student Loan Revenue Bonds—Series 1987. LSI was contracted to serve as Computation Consultant, which included a requirement to project cash flows, compute bond, escrow and loan yields, as well as to determine investment strategies for the LPFA's student loan financing. We continued to perform these duties using computer models developed and run by our own expert staff.

$46,450,000 Nebraska Educational Facilities Authority ("NEFA") Equipment and Improvement Revenue Bonds - Series 1985. LSI was contracted in 1988 to assist NEFA with marketing loans to institutions of higher education in Nebraska, to determine monthly billing for those loans and to develop a series of computer models and to employ them in performing various program computations, including calculating floating loan rates to borrowers and program parity ratios.

 $54,750,000 Alabama Private Colleges and Universities Facilities Authority Equipment and Capital Facilities Revenue Bonds - Series 1985A. LSI was employed by the Authority to design and develop all computer software needed to perform loan originations and servicing, including setting loan rates for borrowers, monitoring overall program status and computing parity ratios.

$50,000,000 District of Columbia Supplemental Student Loan Revenue Bonds - Series 1985. LSI provided computational support services to this CONSERN program financing, including setting the annual variable student loan interest rate and performing cash flow analyses.

 $15,000,000 Georgia Private Colleges and Universities Authority Adjustable/Fixed Rate Revenue Bonds (Emory University Project), Series 1985. LSI began in 1991 to provide annual cash flow projections and to establish the annual student loan rate for this program.