Edmund "Ted" See

Edmund "Ted" See

Day Pitney LLP

242 Trumbull Street
Hartford, CT 06105

Tel: (860) 275-0130

Email: emsee@nulldaypitney.com

Specialties:
General obligation bonds, Municipal revenue bonds, Exempt organization bonds (including health care, higher education, schools and cultural institutions), Bonds backed by corporate or project revenues, Student loan bonds, Tax planning, Tax controversies, Post-issuance tax compliance, Securities law, Tax credit bonds

Education:
B.A. Wesleyan University 1965 J.D. Harvard Law School 1971

Biography:

 

Professional Experience
Ted See's practice includes state and local government finance, representing governmental agencies issuing general obligation and revenue bonds, and representing borrowers, lenders, underwriters, trustees, and issuers of private activity bonds. He also represents banks and financial institutions that provide credit support to bond issues.

Financings have included variable-rate put bonds with swaps; auction-rate bonds; LIBOR indexed bonds sold to European investors; advance refunding bonds with float contracts; forward-purchase bonds; and bonds backed with financial insurance, letters of credit, or standby purchase agreements.

Practice Areas

    Municipal Finance
    Real Estate Redevelopment
    Tax-Exempt Organizations and Charitable Giving

Representative Matters

    Lead bond counsel and disclosure counsel to State of Connecticut
    Bond counsel for over 100 government issuers in State of Connecticut
    Bond counsel to various state authorities
    Financings throughout New England and the United States
    General municipal law matters, including charter revisions, government consolidations, zoning and land use matters, contracts, construction, assessments, and tax matters
    $1,030,375,000 State of Connecticut General Obligation Refunding Bonds; served as lead bond counsel, coordinating eight other law firms, in the largest advance refunding in the State's history; prepared escrow agreement for refunding escrow and negotiated terms of float contract for escrow, and prepared forms of all closing documents and coordinated closing; as the State's disclosure counsel prepared annual information disclosure statement of the State, updated disclosure for bond issue, organized due diligence procedures, and provided disclosure counsel opinion
    $41,920,000 Solid Waste Revenue Refunding Bonds - Covanta of Bristol, Inc, Project, 2005 Series: Served as sole bond counsel to the Committee; this issue was a current refunding for a resource recovery facility overseen by a consortium of fourteen participating municipalities; there were credit issues related to the recent emergence of the facility operator from bankruptcy, and the bonds were secured by service agreements with the participating municipalities, liens on the facility, and an electric purchase agreement; we drafted legislative amendments that permitted the refunding, coordinated the closing, and prepared forms of all refinancing and closing documents, including necessary tax documentation, agreements among participating municipalities, escrow defeasance agreement, and loan documents for the conduit borrower
    $16,340,000 Connecticut Health and Educational Facilities Authority Variable Rate Demand Revenue Bonds, Quinnipiac University Issue, Series G. Served as sole bond counsel to the Authority; the bonds are special obligations of the Authority, issued pursuant to a trust indenture and payable by Quinnipiac University; this issue included the advance refunding of a prior series of bonds for Quinnipiac University, which were also partial advance refundings, thereby requiring substantial tax analysis of four prior series bonds; prepared the necessary tax documentation and escrow defeasance agreement and advised on the procedures for purchasing open-market U.S. Treasury securities to fund the escrow, in order to ensure compliance with IRS regulations on purchasing defeasance obligations; the bonds were supported by a letter of credit and required negotiation of an intercreditor agreement between the letter of credit bank for Series G and the bond insurers and credit enhancers from prior series with respect to a sharing arrangement of the revenues of the University in the event of a default

News, Publications & Presentations

    Featured, "Seventy Day Pitney Lawyers Named to 2014 Best Lawyers List," Day Pitney Press Release, August 15, 2013
    Featured, "Ninety-eight Day Pitney Attorneys Recognized by Super Lawyers," Day Pitney Press Release, October 22, 2012
    Featured, "Seventy-Five Day Pitney Lawyers Named to Best Lawyers List for 2013," Day Pitney Press Release, August 23, 2012
    Featured, "Day Pitney's Ted See Elected Fellow of The American College of Bond Counsel," Day Pitney Press Release, October 24, 2011
    Featured, "Fifty Day Pitney Attorneys Recognized as Super Lawyers," Day Pitney Press Release, October 24, 2011
    Featured, "Seventy-two Day Pitney Lawyers Named to Best Lawyers List for 2012," Day Pitney Press Release, October 4, 2011
    Co-author, "Expiring Tax Provisions Dramatically Change Municipal Finance Landscape," Day Pitney Alert, January 6, 2011
    Co-author, "Expiration of Certain Municipal Bond Tax Provisions," Day Pitney Alert, December 1, 2010
    Featured, "Fifty-seven Day Pitney Attorneys Recognized as Super Lawyers; Six Additional Lawyers Recognized as 'Rising Stars'," Day Pitney Press Release, November 12, 2010
    Co-author, "Municipal Advisors Must Register With The SEC By October 1," Day Pitney Alert, September 2, 2010
    Featured, "Seventy-six Day Pitney Lawyers Named to Best Lawyers for 2011," Day Pitney Press Release, August 9, 2010
    Co-author, "The Rules of Continuing Disclosure are Continuing to Change," Day Pitney Alert, June 2, 2010
    Co-author, "Moody's and Fitch Credit Rating Recalibrations May Trigger SEC Rule 15c2-12 Material Event Filing Obligations for Towns and Cities," Day Pitney Alert, April 28, 2010
    Featured, "Fifty-six Day Pitney Partners Recognized as New England Super Lawyers," Day Pitney Press Release, October 30, 2009
    Featured, "Seventy-seven Day Pitney Partners Named to Best Lawyers 2010," Day Pitney Press Release, July 30, 2009
    Featured, "75 Day Pitney Partners Named Among The Best Lawyers in America┬« 2009 Ranked #1 in New Jersey and #2 in Connecticut," Day Pitney Press Release, December 11, 2008
    "New Connecticut State Law Requires Municipalities to Post Public Meeting Information on Town Websites," Day Pitney Alert, October 7, 2008
    "Are You Smarter Than a Bond Lawyer?" dramatic presentation of recent public finance disclosure issues to Connecticut Government Finance Officers Association, February 7, 2008
    Speaker, "Regulatory and Disclosure Requirements for Municipal Bonds," University of Connecticut, Department of Policy, Graduate School Public Administration Class on Capital Financing and Budgeting, December 6, 2005
    Speaker, "Electronic Signatures and E-Sign Law," People's Bank Municipal Forum, January 26, 2001
    Speaker, "Our Town Follies," dramatic presentation of IRS and SEC issues in connection with municipal finance to New England Government Finance Officers Association, September 22, 2000
    Speaker, "Bond Issue Disclosure Requirements - Current Issues Concerning Financial Statements," Connecticut GFOA, February 2000
    Speaker, "Use of Financial Statements to Meet Bond Issue Disclosure Requirements," Connecticut Society of Certified Public Accounts, May 11, 1999
    Speaker, "IRS Private Activity Bond Regulations - Skit," Connecticut GFOA; New England GFOA, April 1997
    Speaker, "Privatizing Tax Collections," Municipal Finance Forum, December 1996
    "How Elected Officials Get Into, and Stay Out Of, Trouble With the SEC," Connecticut Law Tribune, March 4, 1996
    Speaker, "SEC Continuing Disclosure Regulations," Fleet Finance Forum, December 1995

Education

    Harvard Law School, J.D., 1971
    Wesleyan University, B.A., cum laude, 1965, with Honors; Phi Beta Kappa

Admissions

    State of Connecticut

Professional Affiliations

    American College of Bond Counsel, Fellow
    State of Connecticut Clean Water Fund Advisor Work Group, member, 2006-2007
    National Association of Bond Lawyers
    Government Finance Officers Association of Connecticut
    Governmental Finance Officers Association of the United States and Canada
    Connecticut Association of Municipal Attorneys
    American Bar Association, Section on Local Government Law
    Connecticut Bar Association, Committee on Municipal Law and Governmental Services, member; former chairman
    Connecticut Bar Association, Pro Bono Committee, member
    Hartford County Bar Association
    Connecticut Bar Foundation, Coopers Fellow

Outside Interests

    Connecticut Bar Foundation, Director, 1994-2010
    St. Joseph College, Trustee, 1991-2003; Chair, Presidential Search Committee 2003-2004; Trustee, 2004-present
    Local Government Committee, Greater Hartford Chamber of Commerce, Member, 1991-2001
    Hartford Seminary, Corporator, 1994-present
    Aid to Artisans, Director, 2006-present
    Shady Harbor Fire District, Deputy Moderator, 2007-2009

    Shady Harbor Fire District, Moderator, 2009-2011

Awards and Achievements

    Recognized as a Connecticut Super Lawyer, 2006-2012

    Chosen for inclusion in The Best Lawyers in America, Public Finance Law, 2006-2014