Posts Tagged ‘debt financing’

Debt Financing Primer: Enhanced Security for Project Development Financings

Thursday, February 23rd, 2012

Blight City is looking to revitalize a portion of its downtown. Over the past ten years the area has fallen into disarray and contains many abandoned, dilapidated buildings. Working with a couple of local developers, the city has developed plans to purchase and demolish one of the buildings and construct a large parking garage in […]

Debt Financing Primer for Local Governments: Installment Finance Agreements

Thursday, June 2nd, 2011

Quick Quiz: Which of the following constitutes an installment finance agreement under North Carolina law? 1.  The Village of BlueSky purchases a fire truck for $350,000. To pay for the truck, the town enters into a financing agreement with a local bank. The financing contract extends for a period of five years, at 4.2% interest. The […]

Funding Capital Projects in a BID (Business Improvement District)

Thursday, March 31st, 2011

As discussed in a previous post, a North Carolina municipality may establish a special tax district that encompasses its central downtown area to raise money to fund “downtown revitalization.” See G.S. 160A-536(a)(2). The special tax district is commonly referred to as a Business Improvement District or BID. Many municipalities create and maintain BIDs to provide […]