Whether it is a special purpose district seeking to place a bond on the election ballot, a loan solicitation to acquire new apparatus or seeking construction financing for a new fire station with a sales tax pledge loan, our lawyers have helped secure millions of dollars of public financing for our government clients. We work with a variety of brokers and banks to seek the lowest interest rate and obtain the most value for our clients and their constituents.
As everyone knows, infrastructure is very expensive. Paying for infrastructure improvements like water and sewer systems, fire apparatus, public administrative buildings and fire stations is virtually impossible without public financing. Fortunately, there are multiple avenues to obtain those funds.
When deciding how to maximize the use of limited public funds, our clients have turned to us for help. We have worked to secure long-term loans and lease-purchase agreements to acquire the assets our clients need to perform their life saving work. There are a variety of different process for obtaining those needed funds. Our goal is to always maximize cash flow for our clients while seeking low rates for tax-exempt financing.
Texas law requires bidding for large purchases and public works and also limits how local governments acquire debt to secure the funds for those large purchases and public works projects. Failing to comply with bidding requirements can lead to serious civil or even criminal penalties, so you need experienced professionals helping you clear these hurdles. We help our clients develop bid packages to solicit proposals for buildings, fire stations, fire trucks, ambulances, emergency equipment and rescue tools. We look forward to helping you too.