Episode 114 – Public Infrastructure Financing in Nevada with Scott Shaver and Jake Campos: Part 2

In Episode 114 of the Land to Lots™ Podcast, Carter Froelich continues his conversation with Scott Shaver, partner at Stradling, and Jake Campos, a managing director in Stifel’s Municipal Securities Group about forming and financing Nevada Local Improvement Districts (LIDs).

In Part 2, Scott and Jake walk through the preparation, documentation, and coordination needed to move a district forward. They explain how property transfers and mapping can complicate formation, why borrowing should align with development phases, and what investors evaluate when purchasing assessment bonds. They also discuss reimbursement agreements for infrastructure that benefits future phases and the risks associated with relying on future district financing.

In this episode, you’ll learn:

  • What developers should prepare before approaching a jurisdiction, including property information, planned improvements, preliminary cost estimates, and development phasing.
  • How the application, development or district financing agreement, engineer’s report, and assessment methodology fit into the formation process.
  • Why securing 100% property-owner consent makes coordinating mapping, property transfers, and home sales critical to the formation schedule.
  • How a district financing agreement governs the use of bond proceeds, and when funding additional eligible improvements may require an amendment.
  • How development phases, spending timelines, transaction size, and investor demand influence the size and timing of bond issues.
  • How reimbursement agreements can support cost sharing across future development phases, and why future district formation and reimbursement carry risk.
  • What bond investors look for in project disclosures, appraisals, absorption analysis, and a developer’s track record.

Show Notes:

Referenced statute: Nevada Revised Statutes (NRS) 271.

4 Ways Launch Can Help With Your Project

  1. Prepare a Special Tax District Bond Analysis for your Project

    – If your project is in AZ, CA, CO, ID, NC, NM, SC, TX, UT, or WA, contact Carter Froelich. Launch can then prepare a complimentary high-level bond analysis for your project.

  2. Add Favorable Financing Language to Annexation and/or Development Agreements

    – Launch professionals can also prepare custom financing language for your Annexation and/or Development Agreement. This helps create certainty and flexibility around your project’s infrastructure financing. Contact Carter Froelich for more information.

  3. Perform The RED Analysis™ on your Project

    – Launch developed The RED Analysis™ to review your project’s infrastructure costs. Our team looks for ways to Reduce, Eliminate and Defer construction costs. In turn, these changes can help improve project returns. Contact Carter Froelich for more information.

  4. Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ (“LRS”)

    – Use The Launch Reimbursement System™ (“LRS”) to track your district eligible costs. Launch manages cost tracking and prepares electronic reimbursement submittal packages. In addition, our team processes your requests with the district, jurisdiction, and/or agency. Contact Curry Froelich for more information.

Carter Froelich

Carter Froelich, CPA

480-828-9555 | carter@launch-dfa.com

Carter Froelich hosts the Land to Lots™ Podcast, powered by Launch Development Finance Advisors. He also shares how his team helps clients finance infrastructure, reduce costs, and manage risks. Ultimately, the goal is to improve project profitability.

Listen on Apple Podcasts

Listen on Spotify

Listen on Amazon Music

Watch on YouTube