| Municipal Leasing
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State
and local governments use lease financing to aquire assets necessary to
provide public services.
 | Leasing is often a suitable and
economic method of financing capital assets that are too expensive to fund in one fiscal period, with useful lives too short to justify
the issuance of lon term bonds. |
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This
lease financing option is designed to save you both time and money,
consider these benefits:
| Installment payments may be
structured monthly, quarterly, semi-annually to coincide with
receipt of your revenues. |
| Payments may be fixed for the
entire life of the lease, which may run up to ten years. A
floating rate option is also available. |
| Use of standard documentation
avoids the "costly" legal charges common with municipal
bonds. |
| Lease rental payments are computed
on tax-exempt or taxable rates to offer you the lowest possible
payment. |
| An annual lease-line of credit is
available at no additional costs. |
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Commonly
leased items include:
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Other
types of lease financing include:
| Sale lease-back of public utility
systems |
| Energy retro savings equipment for
public facilities |
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Other
types of entities that qualify under state or local government
| Municipal owned hospitals |
| volunteer Fire departments (not
exempt by Ohio law) |
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