Posts Tagged ‘debt’

Special Assessments for Economic Development Projects

Thursday, October 31st, 2013

Tonald Drump, a national real estate tycoon, is interested in developing an area in Frugal Village, NC. His proposal includes mixed-use residential and commercial development, located just outside the village’s downtown. Drump is an experienced developer and knows that adequate public infrastructure is essential to a successful development project. In particular, he wants to ensure that […]

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 […]