University of Michigan Law School, J.D. 2011
University of Notre Dame, B.B.A. 2008
Katrina Desmond works on matters related to federal tax opinions on tax-exempt bonds, financing capital projects and infrastructure improvements, economic development and environmental response projects, as well as government and regulatory affairs, health care and housing. This includes assisting on the tax structuring for New Market Tax Credit financings, and other public private partnership transactions.
Miller Canfield served as local counsel to the City of Detroit in connection with its Chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts. Since exit in December 2014, Miller Canfield has continued to represent the City in connection with many aspects of its Plan of Adjustment implementation, appeals of Plan confirmation, stand up of the Great Lakes Water Authority and a variety of financings.
Following the affiliation of two non-profit Michigan hospitals, Katrina’s group worked as bond counsel to refinance the debt of both hospital systems, bringing them within the same credit group and creating synergies between the two hospitals. As tax counsel, this involved restructuring the debt of both hospital systems to ensure the interest on the debt continued to be tax-exempt following the transaction and thereafter. Katrina successfully helped to structure and document the transactions, resulting in millions of dollars in interest savings to the combined healthcare groups.
Katrina assisted in the tax structuring of the newly-formed Public Lighting Authority, as part of the City’s plan to, “light up Detroit” and continue its blight removal efforts. This work involved pre-and post-issuance tax analysis to allow for innovative public and private financing.
Katrina works as tax and bond counsel on the annual issuance of State Aid Notes, whereby public school districts, who often face cash flow deficits prior to their receipt of State Aid Revenues, can borrow at a low-cost, short-term basis through the State of Michigan to bridge those working capital deficits.
University of Michigan Law School, J.D., magna cum laude, Order of the Coif, Honors Legal Practice and Legal Practice Award, Senior Judge, Legal Practice Program, Administrative Law and Real Estate Finance Certificates of Merit
University of Notre Dame, B.B.A., summa cum laude, Dean's List, Elmer Layden Award for Accounting Excellency, Beta Alpha Psi Honors Society, Tax Assistance Program
American Bar Association
State Bar of Michigan
Michigan Association of CPAs
Civic, Cultural & Social Activities
Angels Place, Advisory Board
Accounting Aid Society