At Municipal Finance, our services are highly personalized and always reflective of the responsibilities associated with public transactions.  Each of our professionals has vast and diverse experience in creating comprehensive financing strategies.

What are the usual forms of financing?

Depending on any constitutional debt limitation and statutory authority pertinent to the agency, the financing may take the form of either a lease/purchase, loan or installment sale agreement.  In any instance, the financing will be structured as a fully-amortized obligation.  The agency assumes all risks associated with the use and ownership of the property being financed.

What can be financed?

All forms of essential use, governmental purpose property or infrastructure including:

  • Public Buildings, Schools, Modular Buildings
  • Fire Stations, Fire Trucks & Rescue Equipment
  • Police Stations & Police Cars
  • Schools & School Buses
  • Computer Systems & Software
  • Telephone Systems
  • Construction Equipment & Communications Equipment
  • Medical Equipment & Office Equipment
  • Energy Management Systems & Retrofit Projects
  • Electrical Generating Equipment
  • Water/Wastewater Treatment Plants
  • Water and Sewer Lines & Water Meters
  • Roads and Bridges
  • Unimproved Land

How do Municipal Finance’s programs work?

MFC handles all aspects of the transaction, from presentation of financing alternatives to administration of vendor/contractor payments.  Documentation preparation, credit review and funding administration are all performed by MFC.  This results in sole performance accountability by MFC and limited demands on the agency’s staff.

What are the general financing parameters?

  • Financing amounts between $50,000 to $10,000,000.
  • 3 to 25 year amortization terms.
  • Payments structured monthly, quarterly, semiannually or annually.
  • Flexible prepayment provisions.

What steps must the agency take?

  • Provide financial statements and other supporting credit data.
  • Adopt resolution approving financing.
  • Solicit document review and legal opinion from agency’s legal counsel.
  • Authorize the issuance of insurance certificates.
  • Execute documentation.
  • Authorize disbursement of payments to vendors/contractors.
  • Certify to the receipt and acceptance of the property.