Philip R. McKenna

Mr. McKenna is a founding partner of Kane, McKenna and Associates, Inc. He serves as Chairman of the Board of both Kane, McKenna and Associates, Inc. and its affiliate, Kane, McKenna Capital, Inc.. Previously, Mr. McKenna was first vice president and manager of public finance for Van Kampen Merritt Inc., a Naperville, Illinois-based investment banking firm, as well as the Deputy Head of the Public Finance Department of The First National Bank of Chicago.

Mr. McKenna's expertise encompasses many aspects of public finance and economic development: municipal general obligation and revenue bond financing; education; urban redevelopment; industrial and commercial development and redevelopment; housing finance; tax increment financing; and other public forms of incentive financing. Mr. McKenna has worked extensively with public officials responsible for municipal finance activities in several midwestern states.

Mr. McKenna currently serves on the governing board of the Illinois Tax Increment Association. and. He has served on the National Association of Independent Public Finance Advisors’s governing board and acted as an advisor to the United States Conference of Mayors as well as associations of private colleges and universities.

Mr. McKenna has also written articles and delivered speeches to a number of organizations. These include Illinois GFOA, Chicago metropolitan GFOA, Illinois Tax Increment Association, Federal Reserve Bank, and Illinois and Indiana legislative committees. A graduate of the University of Notre Dame, Mr. McKenna also received a Master of Business Administration degree from The University of Chicago.

Robert Rychlicki

Mr. Rychlicki has been with Kane, McKenna and Associates, Inc. (and its predecessor firm) since its inception. With over twenty-five years of experience, he has structured financings for more than 200 developments and redevelopments in over 70 different communities.

Mr. Rychlicki's experience includes framing local government economic development efforts, such as the formation of revolving loan funds, local economic development commissions, and business retention efforts. He has also facilitated the successful development of public/private partnerships, which have included various municipal, state, and federal programs utilized in conjunction with private sector financing (both equity and debt). Along those lines, Mr. Rychlicki has coordinated the creation of numerous tax increment financing districts and associated TIF bond issues, business districts, and sales tax sharing agreements.

Through the above experience, Mr. Rychlicki has developed an understanding of the economics of many types of developments, including industrial, commercial, retail, residential and hotel developments. Utilizing this knowledge, he has assisted in structuring arrangements so that market driven projects are successfully carried out within the framework of the project's parameters.

Mr. Rychlicki completed both his undergraduate and graduate work at the University of Illinois at Chicago. He earned a Master in Administrative Science, a program offered jointly by the business school and the public policy school.

Charles L. Durham

Since coming to the firm, Mr. Durham has participated in structured financings for more than 200 developments and redevelopments in over 50 different communities. In doing so he has utilized a comprehensive knowledge of economic development and public finance techniques — grounded in an understanding of the economics required to make public/private partnerships work gained from over 30 years of economic development experience.

Before joining Kane, McKenna, Mr. Durham directed and implemented the economic development program for the City of Rockford, Illinois for nearly 10 years. Under Mr. Durham's direction, the City created and successfully put in place a broad range of economic development initiatives.

Mr. Durham received his Bachelor of Arts in Political Science, Master of Public Administration and Master of Business Administration from Northern Illinois University.

Mary L. Thompson

Ms. Thompson is a partner in the firm. Since joining the firm she has participated in structured financings for more than 150 developments and redevelopments in over 35 different communities. She works with municipal and private clients to implement a variety of economic development projects. Ms. Thompson facilitates projects at the federal, state, county and local levels including grant programs, specific state and county incentive applications, TIF districts, Special Service Areas, and Business Districts.

Before joining Kane, McKenna, Ms. Thompson served as the Executive Director of the Chicago Southland Development Corporation, Inc. In her position as Executive Director, she coordinated the economic development activities for forty-five municipalities in the southern suburbs of Chicago. She worked with private developers and real estate brokers to provide site and location information, prepared incentive proposals and business proformas for potential commercial and industrial users and assisted in incentive contract negotiations. She was also responsible for the management and oversight of the South Suburban Enterprise Center, a state certified 100,000 square foot industrial incubator facility housing over 20 small business entrepreneurs.

Ms. Thompson's experience in economic development has included assisting municipalities in establishing local economic development policies, revolving loan funds, and business retention programs. She has coordinated community efforts in the establishment of numerous Tax Increment Finance districts and other applicable funding programs. In addition, Ms. Thompson worked with local financial institutions to implement a not-for-profit 501(c)(3) Community Economic Development Corporation involved in the fostering of business grants and loans.

Ms. Thompson earned a Bachelor of Arts degree in English from Northern Illinois University.

Iryna Dziuk

Since joining Kane, McKenna and Associates, Inc., Ms. Dziuk has worked with both the public and private sectors in municipal bond financings, economic development and project financing. She has participated in a variety of general obligation and revenue bond financings, including: industrial revenue, tax increment revenue, alternate revenue, working cash, special assessment, student housing revenue and various other revenue bonds as well as current and advance refundings. In addition, she has worked with 501(c)(3) organizations in conduit financings, has compiled credit enhancement marketing packages, and prepared water/sewer rate studies.

Ms. Dziuk's experience in economic development has included establishment and coordination of tax increment financing districts, Special Service Areas, special assessment areas and Business Districts, associated bond issues and sales tax sharing agreements. She is experienced in procuring and arranging for capital and Illinois small business loans and securing grants through a variety of programs.

Ms. Dziuk earned a Bachelor of Science degree in Criminal Justice and Social Work from Loyola University of Chicago and a Master of Science degree in Public Administration from the University of Illinois at Chicago.

Zoran Milutinovic

Mr. Milutinovic assists clients in planning for the financing of capital improvements and identifying and structuring various financing mechanisms. Mr. Milutinovic has worked extensively with local governments in numerous states and with various Midwestern private and not-for-profit companies on traditional and conduit financings.

Mr. Milutinovic joined Kane, McKenna from the law firm of Ice Miller. In the eighteen years working at Carlson and Hug and its successor, Ice Miller, Mr. Milutinovic had assisted clients in the public, not-for-profit and private sectors in planning for financing of capital improvements. He has also assisted clients in the structuring of various tax-exempt and taxable financial instruments to finance various governmental infrastructure improvements, development projects and various other cash flow needs. Mr. Milutinovic has also negotiated contracts relating to the acquisition and construction of capital improvements.

Mr. Milutinovic earned a Bachelor of Science degree in Accounting and a Master of Business Administration degree with a concentration in Real Estate from DePaul University.

Lowell Durham

Mr. Durham joined Kane, McKenna and Associates, Inc. in 1997. Previously, Mr. Durham held several positions in the accounting industry.

Since joining the firm, he has participated in the creation of numerous TIF districts, business districts, bond issues, and other economic development projects. Much of his research is focused on property tax assessment, EAV valuation, and analysis of TIF-related blighting conditions.

Mr. Durham earned a Bachelor of Science in accounting from Roosevelt University and a Masters of Business Administration degree with a concentration in Information Systems from Argosy University-Chicago.