Teresa Metcalf Beasley

Public Finance

• Served as underwriter's counsel in connection with the issuance of $26,745,00 County of Hardin, Ohio Economic Development Facilities Revenue Refunding and Improvement Bonds (Ohio Northern University).
• Served as underwriters' counsel in connection with the County of Cuyahoga, Ohio $56,345,000 (tax-exempt) and $52,720,000 (taxable) Capital Improvement Refunding Bonds.
• Served as bond counsel to the County of Cuyahoga, Ohio with respect to the issuance of $43,330,000 Taxable Economic Development Refunding Bonds.
• Served as underwriters' counsel in connection with the State of Ohio (Treasurer of State) $68,750,000 Capital Facilities Lease Appropriations Bonds (Administrative Building Fund Project).
• Served on underwriters' counsel in connection with the issuance of the State of Ohio (Treasurer of State) $98 million Capital Facilities Lease Appropriation Bonds.
• Served as underwriters' counsel in connection with the refunding of $245 million issuance for a regional sewer district.
• Served as underwriters' counsel in connection with issuance of the Ohio Treasurer of State of a $98 million fixed and variable rate bond issuance.
• Bond Counsel in connection with the issuance and sale of $42MM taxable revenue parking bonds for the construction of an approximately 972-space parking garage and approximately 17,700 square feet of street-level retail and office space in Nashville, Tennessee.
• Borrower’s counsel for $15 million fiber optic conduit financing.
• Bond and borrower counsel for $88,000,000 refunding for Ohio nonprofit corporation.
• Bond counsel to Cuyahoga County in the issuance of $137,890,000 sales tax bonds.
• Placement Agent’s counsel for $103 million parking facility, including construction, real estate and private placement in Tempe, Arizona.
• Issuer’s counsel for $3.8 million senior housing facility in Trumbull County, Ohio
• Represented lender in $45 million loan to New York’s Metropolitan Transit Authority.
• Served as underwriter’s counsel in connection with a $25 million student housing facility in Augusta, Georgia.
• Served as underwriter’s counsel in connection with a $45 million student housing facility and alumni center in Jackson, Mississippi.
• Represented the City of Cleveland in connection with a U.S. Housing and Urban Development 108 Loan and Tax
• Represented the City of Cleveland in connection with a Housing and Urban Development 108 Loan, Tax Incremental Financing and other conventional lending sources in a leveraged New Markets Tax Credit and Historic Tax Credit transaction related to the redevelopment of the East Ohio Gas Company building into a mixed-used commercial development project consisting of housing, retail and parking. This is a $65 million project with multiple public and private lending sources.
• Represented the City of Cleveland as a leverage lender and a grantor of a Housing and Urban Development Brownfield Economic Development Grant (BEDI), as well as other city lending sources in a New Markets Tax Credit transaction for the development and construction of a commercial greenhouse located in the urban core of the city, a $16 million transaction.
• Served as lender’s counsel to the city of Cleveland in connection with a $30 million Housing and Urban Development loan related to financing of the Flats East Bank project, a $272 million project with more than 30 sources of financing.
• Serving as Placement Agent counsel in a $90 million bond private placement for the construction of a parking garage in Tempe, Arizona.​

Public Law 

• Represents various municipalities with respect to tax increment financings (TIFs) and other matters regarding economic development.
• Represents of the City of Warrensville Heights, Ohio, as its Director of Law.
• Played a strategic role in obtaining summary judgment for municipal utility in $188 million class action regarding alleged customer overcharges. The Court held for the municipal utility on all claims, and completely rejected the theory proposed by the plaintiffs’ counsel.
• Represented company in the negotiation of a Project Labor Agreement with the building trade unions to ensure the company would meet its diversity goals.

Real Estate

• Represents for-profit and non-profit entities with respect to the acquisition disposition and financing of various real estate projects.
• Served as the lead real estate attorney representing Playhouse Square Foundation on the construction and development of its 34-story apartment tower, “The Lumen at Playhouse Square,” which consists of 318 apartments, 528 parking spaces and approximately 20,000 square feet of residential amenities.  
• Represented a utility provider in the acquisition, development and construction of a training center.
• Represented Group Plan Commission in the redevelopment of Public Square and the construction of a pedestrian and bicycle bridge, Cleveland Ohio.
• Represented Cuyahoga County Public Library in the sale and purchase of real property for construction of new library branches.
• Represented local housing authority in the master lease of its former headquarters as well as other transactional and real estate matters.
• Served as general counsel to a 501(c)(3) District Energy Company, which includes but is not limited to corporate governance, construction, financing, and labor and employment matters.
• Represents small business owners on various legal matters including but not limited to contracts, employment matters, intellectual property matters, litigation and construction matters.
• Incremental Financing in a leveraged New Markets Tax Credit and Historic Tax Credit transaction related to the redevelopment of the AmeriTrust building, now known as “the 9,” a $270 million project with multiple financing sources.
• Represented 501(c)(3) senior healthcare entity in connection with the construction and development of a new headquarters and training center using New Markets Tax Credits, a $12 million project.
• Represented a managed healthcare company headquartered in Long Beach, California, in connection with the acquisition of a 157,000-square-foot building in Columbus, Ohio, to serve as its headquarters for its Ohio operations, a $8.5 million purchase.
• Represented a healthcare developer in the acquisition, development and construction of a healthcare rehabilitation facility.
• Represented a large 501(c)(3) healthcare provider in connection with the acquisition, construction, development and implementation of its Vision 2010 plan, a $1 billion investment, which included the construction of five major medical facilities as well as the expansion of a number of existing facilities.

Economic Development

• Represented the City of Cleveland in a proposed incentive package for the construction of the $300 million Sherwin-Williams Company world headquarters in downtown Cleveland. The $30 million plus economic development incentive financing package included TIF financing, a construction grant of up to $13.5 million and a job creation grant up to $11.5 million. For its investment, the city retained more than 3,100 Sherwin-Williams employees on its income tax rolls, plus the possible creation of 140 jobs. The Cleveland public school district also benefits from new property tax revenues, estimated at $4 million a year.
• Represents developers with respect to tax increment financings (TIFs) and other economic development matters.
• Represented the City of Cleveland as lender in a combined New Markets Tax Credit and Historic Tax Credit transaction for the buildout of commercial office space, a $7 million transaction.
• Represented developer in connection with the State of Ohio Energy Loan secured by Special Assessment to be levied by the local municipality in the event of a default.