https://www.munifinance.com/home daily 1.0 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/5f05ac99-f016-4b92-8d53-743dbb5fdd04/Municipal+finance+comunities.png Home - Facilities Partnering With Communities Municipal Finance Corporation offers comprehensive, strategic finance options covering capital markets transactions for state and local governments and governmental agencies and authorities. https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/51106d24-5502-4c8d-9874-41e8bddabf10/Municipal+finance+equipment.png Home - Equipment Tax-Exempt Lease/Purchase Equipment manufacturers, vendors, leasing brokers and municipal officials rely on MFC’s responsive and knowledgeable financing specialists to strategically structure and fund municipal equipment needs. https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/4198faa4-22ce-40dc-8423-4d44e6773aff/Municipal+finance+energy.png Home - Energy Funding For Sustainability A growing number of municipalities are entering into energy service contracts to either improve energy efficiency or to generate renewable power at public facilities. https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/5bcf3724-7c6b-4fdb-93b9-d9bd13b8b13a/Municipal+finance+water.png Home - Water & Wastewater Protecting Water Quality & Supply The treatment, management and efficient delivery of fresh, clean water to the community is one of the primary responsibilities of local municipalities. https://www.munifinance.com/energy daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/0bf289ef-3ad8-42b9-985b-0ed67d6b9770/12.png Energy - Renewable Energy Projects Faced with increasing pressure to cut costs and comply with emerging emissions reductions goals, public agencies — federal, state, regional, and local — are leading the charge toward sustainability. The renewable energy industry is becoming an increasingly vital component of California’s economy, including solar panels at public facilities, wind turbines, and cogeneration systems at wastewater treatment plants and landfills. By improving energy efficiency and purchasing clean, reliable, and renewable energy, public agencies stand to benefit in many ways. One of the major challenges, however, regarding public sector adoption of renewable energy, is the ability to secure funds to cover the high upfront costs associated with the purchase and installation of these technologies. Although purchasing a renewable energy system outright is generally considered to be the most cost effective strategy in the long-term, the high capital costs are often prohibitive. At Municipal Finance, we are experienced in working with public agencies in the funding of such projects. Contact Us to find out more about how we can help you. https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/5cd7cc3b-cf68-46f5-80df-1b5784960a0a/11.png Energy - Energy Efficiency Projects The California public programs office has developed programs that promote energy efficiency in the local government, schools, hospitals, agriculture, industrial, and water treatment sectors of California. With regard to lighting and ballast retrofits, the key is to maintain uniformity and light quality while simultaneously boosting efficiency. Municipalities statewide continue to see an increase in facility operations costs, with typical energy costs being three to ten percent of annual operating expenses. For this reason, communities who have lighting and HVAC systems that are old, worn and reaching the end of their life cycles, are making necessary upgrades. At Municipal Finance, we are experienced in financing these types of upgrades and retrofits. Contact Us to find out more about Energy Efficiency Project financing. https://www.munifinance.com/equipment daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/272a89c2-fc5f-4815-925b-2e15d851f7f7/13.png Equipment - Requirements of Public Agency Credit qualify by submitting annual audit reports for last three years and current budget. Obtain authorization of governing body of public agency to enter into financing agreement. Obtain legal opinion on financing documents from public agency general counsel. Enter into acquisition/construction contracts with vendors/contractors and authorize payments. Legal Requirements Public agency qualifies as a political subdivision within the meaning of Section 103 of the Internal Revenue Code of 1986, as amended. All constitutional and statutory steps have been taken to enter into the financing agreement. Public agency assumes risks/rewards associated with ownership of the financed property. https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/11a707b8-e59b-4895-9caa-fdfe10424c3f/12+copy.png Equipment - General Criteria Financing is a tax-exempt obligation under Section 103 of the Internal Revenue Code. Financing may apply to any form of equipment, facilities or real property improvements that are essential to the operations of the public agency. Useful life of the financed property exceeds the financing term. Creates general or special fund obligation of the public agency. Cost And Flexibility Credit approvals within 7 days. Funding within 30 days. One point of contact to facilitate financing. Interest rates may be held firm for up to 90 days, if required. No costs of issuance other than the legal/document review by the public agency’s general counsel. No ongoing administration fees apply. Financing terms range from 3 to 20 years. Financing amounts range from $50,000 to $10,000,000. Flexible prepayment provisions are provided. Financing may be either escrow funded or structured as a capital credit line. https://www.munifinance.com/facilities daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/ee762e45-a78d-4894-8b15-abde2f09ca44/Municipal+finance+comunities.png Facilities - Facilities We offer our clients a highly specialized group of services to help meet even the most intricate public financing needs. Schools Fire and Police Stations Medical Buildings T-Hangars Libraries City Halls Administrative Buildings https://www.munifinance.com/waterwastewater daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/b51cf720-cb0b-44d6-ae12-06feb9f22156/Municipal+finance+%282%29+copy.png Water/Wastewater - Wastewater The proper treatment of municipal and industrial sewage is critical to every community’s health and vitality. The wastes generated by 60% of the United States population is collected in sewer systems and carried along by 14 billion gallons of water each day. 10% of this is allowed to pass untreated into our rivers, streams, and oceans. The remaining 90% receives some form of treatment to improve the quality of the water before it is released for reuse. Wastewater treatment equipment ages, breaks, and decays over time often requiring expensive refurbishing of sewage treatment facilities, storage, and by-product removal/recycling equipment. Often, refurbishing is not possible due to age, and expensive construction, renovation, and replacements become necessary. This can put a tremendous strain on a community. Contact Us to find out more about our experience in funding complex waste water projects such as these. https://www.munifinance.com/clients daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/8eb8b366-eedd-46f7-a027-0d5bc947b0f5/municipal+clients.png Clients - Energy Efficiency Projects The California public programs office has developed programs that promote energy efficiency in the local government, schools, hospitals, agriculture, industrial, and water treatment sectors of California. With regard to lighting and ballast retrofits, the key is to maintain uniformity and light quality while simultaneously boosting efficiency. Municipalities statewide continue to see an increase in facility operations costs, with typical energy costs being three to ten percent of annual operating expenses. For this reason, communities who have lighting and HVAC systems that are old, worn and reaching the end of their life cycles, are making necessary upgrades. At Municipal Finance, we are experienced in financing these types of upgrades and retrofits. Contact Us to find out more about Energy Efficiency Project financing. https://www.munifinance.com/background daily 0.75 2023-08-07 https://images.squarespace-cdn.com/content/v1/627027913a353c197e20d729/e80099c8-6423-41e8-bc3f-bb77b509729d/unsplash-image-9TUkYXQKXec.jpg Background - MFC is headquartered in Westlake Village California, about thirty miles north of Los Angeles. The MFC team is comprised of finance, legal and administrative professionals that work closely together to provide timely and responsive services to its clients. William Morton is the President and founder of MFC. Prior to forming MFC in 1999, Mr. Morton served as Vice President of a California public finance firm for twelve years. In addition, Mr. Morton formed and operated a municipal securities broker/dealer firm from 1988 to 1994. During his career in public finance, Mr. Morton has arranged project financings for all types of public agencies including cities, counties, school districts, special districts, higher education and health care agencies. Mr. Morton received his B.A. in International Relations from the University of Southern California and an MBA from the University of Texas. Mr. Morton and his team of experienced professionals at Municipal Finance Corporation are proficient at developing personalized strategies to meet each client’s needs. To learn more about how we can assist you, please contact any member of our team. https://www.munifinance.com/faq daily 0.75 2023-08-07 https://www.munifinance.com/contact-us daily 0.75 2023-08-07 https://www.munifinance.com/newsletter daily 0.75 2023-08-07