Susan Katzoff has more than 20 years of experience handling public finance and creditors’ rights matters for her clients throughout New York State. She represents industrial development agencies in connection with the issuance of tax exempt and taxable obligations as well as on straight lease transactions. Sue advises her clients on a wide variety of issues including the Public Authorities Accountability Act. In addition, Sue represents corporations, utility companies and lending institutions on matters involving bankruptcy litigation and related matters.
Sue’s work as bond counsel provides her the opportunity to facilitate the issuance of tax-exempt and taxable revenue bonds that provide financing for constructing and equipping of educational facilities, health care facilities, affordable housing complexes, manufacturing facilities and commercial facilities. These financings range from $50,000 to $326,000,000. In her capacity as bond counsel, Sue was involved with the first ever “Qualified Green Building and Sustainable Design Project” in the country under IRC Section 142 relating to exempt facilities. This “green building” financing in 2007 involved the issuance of $228,000,000 of tax-exempt bonds for a regional shopping center located on a brownfield site. These bonds were PILOT revenue bonds, with the payment of principal and interest to be made by the IDA from payments in lieu of taxes. Sue also acts as counsel to industrial development agencies in conjunction with the undertaking of projects through straight lease transactions including financial assistance in the form of PILOT Agreements and sales tax exemptions.
Aside from the foregoing, Sue routinely counsels clients on how to protect their interests when their vendors or clients file for bankruptcy protection. Her counsel includes areas involving proofs of claim, assumption/rejection, damages and defense of preference and fraudulent conveyance claims. Sue spent years as General Counsel to the Trustee in a Chapter 11 bankruptcy proceeding venued in the Northern District of New York, involving the largest Ponzi scheme in U.S. history at the time. In this role, Sue was responsible for coordinating over 15,000 lawsuits involving preference and fraudulent conveyance claims.
As a demonstration of Sue’s leadership ability, she was appointed as the first-ever Pro Bono partner responsible for coordinating the volunteer legal efforts throughout the firm. In addition, she participates as a member of the legal task force for “Say Yes to Education” and serves as a leading member of the firm's Women's Forum.
- Managed the issue to finance a portion of the costs of the School Facilities Project as part of a Program pursuant to the IDA Act, the Syracuse Schools Act, a resolution of the members of the Agency adopted on June 21, 2011, and the Original Indenture as amended and supplemented by this First Supplemental Indenture.
- Represented a global aluminum company in a straight lease transaction providing financial assistance in the form of exemptions from real property taxes, sales tax and mortgage recording tax.
- Served as Bond Counsel for ECILDC's issuance of Tax-Exempt and Taxable Revenue Bonds to finance the certain costs associated with a project consisting of the acquisition by the school of an approximately 3.923 acre parcel of land improved by two buildings totaling approximately 96,271 square feet and the construction by the School of an approximately 10,000 square feet addition and related infrastructure improvements and the renovation of the existing buildings.
- Represented the first ever Qualified Green Building and Sustainable Design Project in the country under IRC Section 142 relating to exempt facilities. This green building financing in 2007 involved the issuance of $228,000,000 of tax-exempt bonds for a regional shopping center located on a brownfield site.
- St. John's University School of Law, J.D., 1991
- State University of New York at Albany, B.A., 1988
- New York, 1991
- U.S. District Court, Northern District of New York
- U.S. District Court, Western District of New York
- U.S. District Court, Southern District of New York
- U.S. District Court, Eastern District of New York
- U.S. Bankruptcy Court, Northern District of New York
- U.S. Bankruptcy Court, Southern District of New York
- U.S. Bankruptcy Court, Western District of New York
- U.S. Bankruptcy Court, Eastern District of New York
- National Association of Bond Lawyers
- National Economic Development Association
- Central New York Bankruptcy Bar Association
- Eastern Association of College and University Business Officers
- Dewitt Community Library, Board of Trustees (Past President)
- Presenter, "Best Practices in Diversity and Inclusion in the Legal Profession," Onondaga County Bar Association, June 15, 2016
- Presenter, "The SEC's Municipal Continuing Disclosure Compliance Initiative," Eastern Association of College and University Business Officers, September 30, 2014
- Syracuse University College of Law, Work-Life Balance Panelist, November 2011
- Central New York Women’s Bar Association, Work-Life Balance Speaker, September 2010
- “Impact of Tenant Bankruptcies,” National Association of Produce Market Managers, May 2, 2005
- Hiscock & Barclay, LLP, Partner
- Saperston & Day, PC, Associate
- Bennett Funding Group, General Counsel
- NY State Committee on Professional Standards, prosecuted attorney misconduct
- Appellate Division Overturns Lower Court Decision in Article 78 Proceeding and Finds Rational Basis for Industrial Development Agency’s Denial of Financial Assistance for Retail Project
- Mortgage Recording Tax Exemptions From Industrial Development Agencies
- 2016 Year in Review
- 2015-2016 Governor’s Executive Budget: Proposed Legislation Impacting IDAs