New Jersey Super Lawyers 2019

Four Winne Banta attorneys have been included on the list of New Jersey Super Lawyers 2019:

  •  Peter Bakarich – Estate Planning & Probate, Tax, Employee Benefits
  •   Richard Kahn – Real Estate
  •   Kenneth Lehn – Business Litigation, Franchise/Dealership, Employment & Labor
  •   Thomas McConnell – Family Law, General Litigation

Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued a $1,553,000 Bond Anticipation Note dated January 18, 2019 to Amboy Bank.  The Note bears interest at the rate of 2.25% per annum payable at maturity on January 17, 2020.  The Note proceeds will be used to temporarily finance various capital improvements throughout the Township.

Cashing in on Opportunity Zones

Khoren Bandazian will be a panelist on Commerce & Industry Association of New Jersey’s program, “Cashing in on Opportunity Zones,” on February 1 at Continental Plaza in Hackensack. The federal Opportunity Zone program will allow investors to reinvest their capital gains with a reduced tax liability. Seventy-five municipalities in New Jersey received at least one Opportunity Zone; Hackensack received three.

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November 29, 2018: Jason P. Capizzi closes bond financing for The North Hudson Sewerage Authority

Jason P. Capizzi serves as Bond Counsel to The North Hudson Sewerage Authority.  The Authority successfully issued a $891,089 Fund Bond and a $300,000 I-Bank Bond dated November 29, 2018 through the New Jersey Infrastructure Bank Clean Water Financing Program.  The Bonds finally mature on September 1, 2048.  The Bond proceeds will be used to permanently finance Sewer Cleaning and Lining Improvements throughout the Authority’s system.

December 20, 2018: Jason P. Capizzi closes bond financing for The Board of Education of the Borough of Somerdale, in the County of Camden

Jason P. Capizzi serves as Bond Counsel to The Board of Education of the Borough of Somerdale, in the County of Camden.  The School District successfully issued $3,157,000 School Bonds, Series 2018 dated December 20, 2018 to Roosevelt & Cross, Inc. and Associates.  Standard & Poor’s Financial Services LLC assigned the Bonds an insured credit rating of “AA” based upon the issuance of a Municipal Bond Insurance Policy by Build America Mutual Assurance Company.  S&P assigned the Bonds an underlying credit rating of “A+” (stable).  The Bonds finally mature on September 1, 2038 and have a net interest cost of 3.4902%.  The Bond proceeds will be used to purchase and install a new roof for the Somerdale Park School; to plan, design and construct an additional parking lot for the Somerdale Park School; and purchase and install recreational and playground improvements, and site/building utility work related to drainage for same, at the Somerdale Park School.

Redevelopment of Record Site

Joseph L. Basralian secured approval from the Hackensack Planning Board for the first phase of the redevelopment of the 19.7 acre former site of the The Record.  The approval includes preliminary and final site plan approval for 272 units, internal roadways and a 1,000-foot-long walkway along the Hackensack River.  The site is zoned for up to 660 residential units and retail.

New Attorney

Bogdan Kachur, an associate in Winne Banta’s Litigation Department, recently joined the firm and focuses his practice on complex commercial matters as well as cases involving commercial real estate, employment issues, trust and estates, corporate dissolution, intellectual property and disputes regarding interpretation and implantations of contractual provisions.

Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued a $380,000 Special Emergency Note dated November 13, 2018 to Amboy Bank.  The Note bears interest at the rate of 2.00% per annum payable at maturity on November 13, 2019.  The Note proceeds will be used to refund $80,000 of a $120,000 Special Emergency Note (less $40,000 pursuant to a budget appropriation) that matures on November 14, 2018; and to refund $300,000 of a $400,000 Special Emergency Note (less $100,000 pursuant to a budget appropriation) that matures on November 14, 2018.

Best Law Firms

U.S. News & World Report and Best Lawyers announced the 8th edition of the Best Law Firms rankings, which they base on a rigorous evaluation process.  Once again, Winne Banta Basralian & Kahn was included in the top ranks of New Jersey law firms in four areas of practice:  Commercial Litigation, Litigation – Real Estate, Real Estate Law and Litigation – Labor & Employment.