by Bob Jessup | Feb 19, 2024 | Blog
Our client Jackson County recently made a $2,500,000 loan to Summit Charter School to help finance the construction of a new high school facility in the southern part of the County. The County made this loan pursuant to legislation enacted near the end of the 2023...
by Bob Jessup | Jan 16, 2024 | Blog
Back in 2013, the Town of Hillsborough issued North Carolina’s first “special assessment revenue bonds.” Most of the proceeds went to pay costs of constructing a road through Waterstone, a large development that includes a variety of housing units and the UNC Health –...
by Bob Jessup | Jan 10, 2024 | Blog
When you have a project that needs approval from the Local Government Commission, not everything you need to know about the process is written down in one place (or in many cases, written down at all). Bond lawyers and financial advisers will help you navigate, but it...
by Bob Jessup | Jan 5, 2024 | Blog
The State Auditor’s investigative reports on local governments sometimes document really bad, and even criminal, behavior by local government officials. In other cases, the findings are more about sloppiness, although sloppiness that gets bad enough can have criminal...
by Bob Jessup | Dec 17, 2023 | Blog
It’s not unusual to find a local government that has trouble spending the money it borrows for a project, or that has money left over when the project is done. We’ve written before, for example, about what you can do with proceeds left over on an installment...
by Bob Jessup | Dec 10, 2023 | Blog
An apartment developer approached the City of Waynesville for some extra support on a project that the City had already fully entitled for construction. With the run up in construction prices, the developer asked the City to participate in an arrangement under Section...
