Leeb Partners stands out for its successful track record. Fred Leeb, the owner and Managing Director, was the first Emergency Financial Manager (EFM) of the City of Pontiac. His successful results in Pontiac are exemplary when compared to other similar efforts across the State of Michigan. Fred brought over 20 years of turnaround experience to the table, a different perspective with different solutions from that of a city manager. During his relatively brief 15 months as the EFM in Pontiac, he was able to:
- Achieve two years of surplus in a row (after the city had generated many years of deficits),
- Upgrade Pontiac’s bond rating (during a period when revenue was declining and many other cities were being downgraded),
- Negotiate successfully with six unions to cause them to voluntarily agree to pay for the equivalent of 20% of their medical benefits (when many other cities were hoping for only 10%), and
- Generate over $115 million of multi-year benefits for the city.
In addition, these accomplishments were generated under Public Act 72 (passed in 1990), prior to the many additional authorities (e.g., power to break collective bargaining agreements, fire elected officials and privatize or sell public assets) provided to the Emergency Managers in Public Act 4 (passed in 2011).
New Consortium of Government Professionals—One Stop Shopping
More recently, on April 25, 2012, we were selected by the Department of Treasury of the State of Michigan (as part of a consortium of professionals with Alan C. Young & Associates, P.C.) to be a preferred provider for a wide range of Municipal Management Services to local governmental units in financial distress. This was the result of a competitive bid process in response to an RFP for these services that was under the auspices of the State.
We helped to develop this consortium of nine highly experienced groups of professional service providers to be able to cover the great majority of issues that may come up in financially stressed local governmental units. We believe that the team we have assembled is uniquely qualified to perform the services that are likely to be needed. Our team members have provided services to cities, counties, villages, townships, school districts, intermediate school districts, nonprofits, hospitals, and institutes of higher education, as follows:
- Alan C. Young & Associates (the Contractor) and Wolinski & Company are both full service accounting firms that have worked on a wide variety of governmental financial issues for over twenty years.
- McGraw Wentworth is Michigan’s largest employee group benefit brokerage/consulting firm. It helps clients align their benefit programs with their people strategies and business objectives.
- Tucker, Young, Jackson, Tull, Inc. is a full service engineering and architectural consulting firm with a total of 60 professional and administrative staff. Expertise includes all areas of civil, structural, process mechanical, HVAC, plumbing and fire protection, electrical and instrumentation and control. TYJT has often used these capabilities for the purpose of developing creative methods to dramatically reduce operating expense and improve efficiencies.
- URS is one of the largest engineering, architectural, environmental and program and construction management companies in the world and provides a broad range of professional services to local governments. URS has operated in the State of Michigan for over 100 years.
- CBRE is Michigan’s leading commercial real estate services firm. CBRE has a professional real estate services contract with the State of Michigan that was awarded in July 2009 following a competitive bid process. Their services include, space utilization and planning, property disposition and consulting.
- Peter Letzmann is an attorney who often consults to local units of government and provides workshops and seminars. He also teaches graduate school classes in public administration and mediates disputes including those involving governments.
- AAB Development Strategies is headed by Al Bogdan. AAB Development Strategies, LLC has developer/builder housing project experience strengthened over many years in the utilization of mezzanine financing sources such as New Market Tax Credits, Low Income Housing Tax Credits, CDBG, NSP, HOME, Brownfield Tax Credits, Federal and State Historic Tax Credits, MSHDA, 1602 Tax Credit Exchange Program, Sec 108, Act 51, BEDI, local water and sewer funds, tax increment financing, private financing, CDFI financing, foundation grants and loans, Obsolete Property tax incentives, PILOTs, HOPE VI, RHF, Renaissance Zones, and NEZs.
Geni Giannotti, Managing Director of Leeb Partners, has worked as a senior manager in the Archer Administration in Detroit, has provided consulting services for the State in Flint, and has worked during both Leeb’s and Stampfler’s Emergency Manager administrations in Pontiac. Ms. Giannotti has a substantial amount of experience in organizing and managing turnaround groups, cost-reduction efforts, budgeting, tax collections, organizational improvements, labor and vendor negotiations, employee benefits, and many other relevant areas.