Since joining LYRB in 1999, Mr. Edminster has worked with cities, counties, special districts, and school districts throughout Utah and has experience with a wide variety of project financing structures, including excise/sales tax revenue bonds, water and sewer revenue bonds, lease revenue bonds, special assessment bonds, general obligation bonds and tax increment financing. He has financed numerous types of projects including libraries, municipal buildings, public safety buildings, recreation complexes and municipal infrastructure such as roads, water systems and sewer systems. Additionally, he has successfully worked on numerous general obligation bond elections throughout Utah.
Prior to joining LYRB, he was a Vice President in the Corporate Trust Department of Zion’s First National Bank for over 12 years. He served as Trustee on over $150 million of municipal bond issues. His responsibilities included investing bond proceeds and administering the terms and conditions of the bond documents throughout the life of the bonds.
Experience
Structuring and marketing of debt for many local governments including General Obligation Bonds, Utility Revenue Bonds, Excise Tax Bonds, Special Assessment Bonds, and other local government bonds. This has included marketing bonds on the public and private markets.
Credit shaping services including the development and implementation of plans to qualify, enhance, and/or secure an investment grade credit rating from the major credit agencies.
Post-issuance compliance related to debt issuance including the fulfilling the continuing disclosure undertakings and similar reporting for local government debt.
On-going refunding monitoring to ensure all local government debt is evaluated daily to ensure the highest level of debt service savings are identified and captured.
Economic development services including the creation of Project Areas (URAs, EDAs, and CDAs). Development of incentive packages and coordination of State incentives.
Education
Bachelor of Arts in Economics, University of Utah
Masters of Business Administration, University of Utah