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...
How can we provide capital funding for our local nonprofits?

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

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...
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...