Program Benefits include:

• 100% Financing (depending on credit).  No large cash outlays or down payments.

• Payment Flexibility.  Payments can be structured to meet budgetary requirements, whether they be monthly, quarterly, semi-annually, or annually.

• Terms.  Depending upon equipment useful life, terms run from 2 to 10 years.

• Bond Election Not Necessary.  The expense, time, and political implications of bond elections are not necessary.  Leases are not considered debt.

• Issue Size.  The acquisition of equipment in many cases is too small for bond issuance but too large for cash purchase.

• Equity/Ownership.  Full ownership is vested with the municipality at the end of the term.  Prepayment options provide for early payoff.

• Updated technology improves operating efficiencies.

Tax exempt financing programs for equipment, technology, and projects...