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Your public-private partnership and the LGC staff
We’ve heard from several clients and Friends of the Firm recently about their discussions with LGC staff about proposed or possible public-private partnerships. Several lessons emerge from those discussions that are worth sharing. Why would you have to go to...
Affordable Housing Update – RAD: What you need to know
Public housing plays a vital role in affordable housing programs throughout the United States. Unfortunately, these programs have been underfunded for many years, resulting in a delay of necessary maintenance and repairs for public housing. This delay creates unsafe...
Happy New Year! Annual reminders for debt planning and management
Happy New Year! As 2018 begins, we offer this list of items to keep in mind as you plan for new capital projects and manage your existing projects. Here are a few things to think about at least once a year: Compliance with financing covenants. If you have any...
The LGC calendar for 2018
We now have the official calendar for meetings of the Local Government Commission for 2018. We thought a table might be handy. Along with the meeting dates, this table shows the dates 28 days prior to the meeting, because generally the Commission staff wants a fairly...
Alternatives for Municipal Financing for Community Dams
There are over 3200 dams in North Carolina, and many of these are owned and maintained by smaller entities that may not have the resources to take care of the dams the way they need to be taken care of. And so after time, an inspection may show that the dam needs...
SO WHAT’S ALL THIS ABOUT “GREEN BONDS”?
Most folks want to do what’s best for the environment (whatever they think that might be), and many companies and local governments want to be known for doing good things for the environment. To tap into those environmental sensibilities, we have seen the emergence...
What can I do with left over installment loan proceeds?
We find more and more that our clients have money left over from installment financings when the project is done. Perhaps the project ended up costing less than expected, perhaps an unexpected grant came through, or perhaps contingency funds weren’t needed. The...
Financing alternatives for parking facilities
As more communities work to make lively downtowns, more are facing the question of: “Where are we going to put the cars?” Whether there’s a need to move parking areas off valuable redevelopment sites, a desire to put more parking near key commercial areas, or just a...
How can we provide capital funding for our local nonprofits?
Many North Carolina local governments wrestle with how to fund those valued local nonprofits that are effectively doing good work in the community. There are a variety of approaches for annually funding operating expenses, but occasionally the question arises of how...
To Revitalize Main Street, Look Beyond Nostalgia
Some say that Main Street won’t ever really be the same again. Or will it? To successfully revitalize Main Street, we have to look beyond the storefronts and brands that once defined it. We have to accept Main Street for what it was – a community center. We must...