David E. Corbitt
Partner
Offices: Indianapolis, Chicago
dcorbitt@kdlegal.com
p: 317-238-6358
f: 317-636-1507
Dave Corbitt serves as Chair of the firm's Public Finance and Municipal Law Practice, and also serves on the firm's Executive Committee. His practice is concentrated primarily in municipal finance, economic development, governmental affairs and the transactional areas of mergers and acquisitions, securities and general corporate law and strategy. Furthermore, he has spent a significant amount of time assisting clients in respect of a variety of general corporate matters including, but not limited to, matters concerning corporate governance, choice of entity, dissolution, corporate finance, corporate control and operation with specific emphasis on the needs of privately and closely held businesses. Mr. Corbitt has also had primary responsibility as bond counsel, underwriter’s counsel, disclosure counsel and general counsel in respect of a variety of bond financing transactions; served as principal negotiator and representative in connection with economic development transactions and projects; negotiated, developed and prepared policies and procedures relating to tax increment financing and related funding and projects between municipal departments and private business; and provided guidance to clients with respect to laws, rules, regulations and regulatory matters relating to tax increment financing, new market tax credits, charter schools, governmental affairs and procurement, master and sub-franchise arrangements, public-private partnership, legislative action, banking, investment advisers and broker/dealers.
Representative Experience
- Lead counsel for the largest service provider to the Indianapolis International Airport in connection with the negotiation and documentation of the Management Agreement between the airport and service provider regarding the operation of the Central Energy Center, which facility is the airport heating and cooling utility; including the negotiation of a $30 Million credit facility
- Negotiated and documented the purchase (through a $7.1 Million stock sale transaction) of a local telephone and broadband service provider
- Serves as lead counsel to Indianapolis-Marion County Building Authority providing guidance in respect of matters relating to governmental regulations and operational contract issues, maintenance and management agreements, real estate, government finance, and procurement regulations
- Served as counsel to an Indiana-based parent company in connection with the analysis, negotiation and documentation of the $21 Million acquisition of a chemical distribution company under the laws of the territory of Puerto Rico
- Organized, managed and documented the formation of foreign distribution subsidiaries (or other business operations) within and under the laws of Brazil, Canada, Hong Kong, India, Mexico, and the People’s Republic of China
- Represented angel investor in connection with an investment exceeding $3 Million in convertible securities of a startup company that provides access technologies to television and cable service providers
Professional Associations
- Member, Indianapolis Bar Association
- Member, Indiana State Bar Association
Civic Involvement
- Vice President, Capital Improvement Board of Managers of Marion County, Indiana
- Board of Directors, Indiana Sports Corp.
- Board of Directors, John H. Boner Center
- Board of Directors, Fairbanks Addiction Treatment Center
- BLSA Alumni Association, Advisory Board, Maurer School of Law
- Former Member and Diversity Job Fair Subcommittee Founding Chairman, Indianapolis Bar Association's Diversity Task Force
- Former Member, Board of Education, Metropolitan School District of Pike Township, Indianapolis, IN
Awards & Recognitions
- The Best Lawyers in America® 2024
- Forty Under 40 Award Recipient - Indianapolis Business Journal
- Indiana Super Lawyers, 2013
- Indiana Super Lawyers Rising Stars, 2009-2011
Seminars & Presentations
- Presenter, "An Overview of the firm's Public Finance and Municipal Practice," Krieg DeVault Podcast Series, February 25, 2022
- Co-Presenter, "2022 Legislative Session Preview Webinar," Accelerate Indiana Municipalities, December 16, 2021
- Moderator and Presenter, Business Acquisition Transactions
- Presenter, Diversity Pipeline, Indianapolis Bar Association
- Presenter, MBE/WBE and Buy Indiana (Economic Development Workshop)
Publications
- Co-Author, "New Congressional Bills Introduced to Promote Multifamily Housing and Reinstate Advance Refunding (Affordable Housing Credit Improvement Act of 2021 and Local Infrastructure Financing Tools Act)," May 3, 2021
- Co-Author, "IRS Postpones Time-Sensitive Deadlines for New Markets Tax Credit Investments and Expenditures," June 15, 2020
Education
-
J.D., cum laude, Indiana University Maurer School of Law, Bloomington, Indiana, 1997
- Indiana Law Journal, Associate Member
-
B.S., Central Connecticut State University, New Britain, Connecticut, 1994
- Recipient of Scholar-Athlete Award for Academic Achievement
Bar & Court Admissions
- Indiana, 2001
- Illinois, 1997
Practices
Industries
Municipal
Public Finance and Municipal: An overview of the firm's Public Finance and Municipal Practice (Podcast)
February 25, 2022
Municipal
Local Governments at Risk if Agent Waives Notice Requirement Under the Tort Claims Act
July 19, 2020
Municipal
IRS Postpones Time-Sensitive Deadlines for New Markets Tax Credit Investments and Expenditures
June 15, 2020
Municipal
In Response to COVID-19, IRS Extends Safe Harbors for Renewable Energy Tax Credit Projects
June 2, 2020
Dave Corbitt serves as Chair of the firm's Public Finance and Municipal Law Practice, and also serves on the firm's Executive Committee. His practice is concentrated primarily in municipal finance, economic development, governmental affairs and the transactional areas of mergers and acquisitions, securities and general corporate law and strategy. Furthermore, he has spent a significant amount of time assisting clients in respect of a variety of general corporate matters including, but not limited to, matters concerning corporate governance, choice of entity, dissolution, corporate finance, corporate control and operation with specific emphasis on the needs of privately and closely held businesses. Mr. Corbitt has also had primary responsibility as bond counsel, underwriter’s counsel, disclosure counsel and general counsel in respect of a variety of bond financing transactions; served as principal negotiator and representative in connection with economic development transactions and projects; negotiated, developed and prepared policies and procedures relating to tax increment financing and related funding and projects between municipal departments and private business; and provided guidance to clients with respect to laws, rules, regulations and regulatory matters relating to tax increment financing, new market tax credits, charter schools, governmental affairs and procurement, master and sub-franchise arrangements, public-private partnership, legislative action, banking, investment advisers and broker/dealers.
Representative Experience
- Lead counsel for the largest service provider to the Indianapolis International Airport in connection with the negotiation and documentation of the Management Agreement between the airport and service provider regarding the operation of the Central Energy Center, which facility is the airport heating and cooling utility; including the negotiation of a $30 Million credit facility
- Negotiated and documented the purchase (through a $7.1 Million stock sale transaction) of a local telephone and broadband service provider
- Serves as lead counsel to Indianapolis-Marion County Building Authority providing guidance in respect of matters relating to governmental regulations and operational contract issues, maintenance and management agreements, real estate, government finance, and procurement regulations
- Served as counsel to an Indiana-based parent company in connection with the analysis, negotiation and documentation of the $21 Million acquisition of a chemical distribution company under the laws of the territory of Puerto Rico
- Organized, managed and documented the formation of foreign distribution subsidiaries (or other business operations) within and under the laws of Brazil, Canada, Hong Kong, India, Mexico, and the People’s Republic of China
- Represented angel investor in connection with an investment exceeding $3 Million in convertible securities of a startup company that provides access technologies to television and cable service providers
Professional Associations
- Member, Indianapolis Bar Association
- Member, Indiana State Bar Association
Civic Involvement
- Vice President, Capital Improvement Board of Managers of Marion County, Indiana
- Board of Directors, Indiana Sports Corp.
- Board of Directors, John H. Boner Center
- Board of Directors, Fairbanks Addiction Treatment Center
- BLSA Alumni Association, Advisory Board, Maurer School of Law
- Former Member and Diversity Job Fair Subcommittee Founding Chairman, Indianapolis Bar Association's Diversity Task Force
- Former Member, Board of Education, Metropolitan School District of Pike Township, Indianapolis, IN
Awards & Recognitions
- The Best Lawyers in America® 2024
- Forty Under 40 Award Recipient - Indianapolis Business Journal
- Indiana Super Lawyers, 2013
- Indiana Super Lawyers Rising Stars, 2009-2011
Seminars & Presentations
- Presenter, "An Overview of the firm's Public Finance and Municipal Practice," Krieg DeVault Podcast Series, February 25, 2022
- Co-Presenter, "2022 Legislative Session Preview Webinar," Accelerate Indiana Municipalities, December 16, 2021
- Moderator and Presenter, Business Acquisition Transactions
- Presenter, Diversity Pipeline, Indianapolis Bar Association
- Presenter, MBE/WBE and Buy Indiana (Economic Development Workshop)
Publications
- Co-Author, "New Congressional Bills Introduced to Promote Multifamily Housing and Reinstate Advance Refunding (Affordable Housing Credit Improvement Act of 2021 and Local Infrastructure Financing Tools Act)," May 3, 2021
- Co-Author, "IRS Postpones Time-Sensitive Deadlines for New Markets Tax Credit Investments and Expenditures," June 15, 2020
Education
-
J.D., cum laude, Indiana University Maurer School of Law, Bloomington, Indiana, 1997
- Indiana Law Journal, Associate Member
-
B.S., Central Connecticut State University, New Britain, Connecticut, 1994
- Recipient of Scholar-Athlete Award for Academic Achievement
Bar & Court Admissions
- Indiana, 2001
- Illinois, 1997
Practices
Industries
Insights
Municipal
Public Finance and Municipal: An overview of the firm's Public Finance and Municipal Practice (Podcast)
February 25, 2022
Municipal
Local Governments at Risk if Agent Waives Notice Requirement Under the Tort Claims Act
July 19, 2020
Municipal
IRS Postpones Time-Sensitive Deadlines for New Markets Tax Credit Investments and Expenditures
June 15, 2020
Municipal
In Response to COVID-19, IRS Extends Safe Harbors for Renewable Energy Tax Credit Projects
June 2, 2020