What can I do with left over installment loan proceeds?

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

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...
Local Counsel Opinions in Local Government Financings

Local Counsel Opinions in Local Government Financings

If you’re a local government attorney whose client is borrowing money, as the closing date approaches it’s likely the lender, or its attorney, will ask you to provide certain certifications or opinions for the benefit of the lender or other parties. Your own...
The Importance of Fund Balance

The Importance of Fund Balance

What do we need all this fund balance for, anyway? As we move into the height of budget season, this question will ring out across the North Carolina — especially as many local governments re-build fund balance after some years of decline. Why do we keep the...