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Capital Asset
Financing
In order to provide an
alternative to cash purchase or other form of costly financing
such as a lease purchase or a small stand alone bond issue, the
Center for Local Government, RW Baird & Co., Inc. and Peck,
Shaffer & Williams LLP have created the CLG Capital Asset
Financing Program.
The
program will:
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Allow
several communities to combine their borrowing
needs in such a manner that they may enjoy better interest rates
and lower administrative costs.
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Permit the
financing of “Capital Asset” purchases over a 1 to 25-year period
based on asset life.
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Reduce
interest cost because of credit enhancements on the financing pool
and the efficiencies provided by a larger single issue of debt
compared to smaller multiple issues of an independent member.
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Allow communities that cannot afford large capital outlay to
spread the cost of capital assets over time.
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Minimize the time and effort required when borrowing using
traditional methods.
For more
information or to request a meeting, please contact:
David J. Conley
Managing Director
RW Baird & Company
(614) 629-6963
dconley@rwbaird.com
www.OhioCAF.org
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