As Bond Counsel to Build NYC Resource Corporation (“Build NYC”), Bryant Rabbino played a primary role in connection with the Build NYC’s issuance of its Tax-Exempt Revenue Bonds (Academic Leadership Charter School Project), Series 2021, in the aggregate principal amount of $17,770,000 (the “Series 2021 Bonds”).
Proceeds of the Series 2021 Bonds were used by the Bronx-based Academic Leadership Charter School (“ALCS”), a National Blue Ribbon School of Excellence award winner, to fund the costs of the design, construction, furnishing and equipping of an approximately 60,000 square foot, seven story building plus sub-surface garage and rooftop play space for students in grades 3 to 5. This new school building is a vital component in the furtherance of ALCS’s mission of empowering young leaders and creating a student body that outperforms state standards across all subjects.
Bryant Rabbino attorneys B. Seth Bryant, Aram Muradyan, Sani Williams and Bernard Armoo assisted on the transaction. The transactions closed on June 16, 2021.