PlayPower Financial offers the most efficient and flexible financing options with municipal leasing.
Municipal leasing is a proven and legal means of financing, also known as a tax-exempt lease. Municipal leases are contracts where one party — the lessor — owns equipment and transfers possession of that equipment to another party — the lessee — in exchange for payment over a specified period. These arrangements have many of the same functions as standard leases, but they differ in several areas:
Authorized by section 103(a) of the Internal Revenue Code, a tax-exempt lease or lease-purchase agreement is an installment purchase, conditional sale or lease with an option to purchase for nominal value. It may also be referred to as a municipal lease. The interest earned by the investor is exempt from federal income tax. Start enjoying the benefits of a new playground today!
Municipal leasing for playgrounds offers a simple, affordable means of funding your community play space. This financing option comes with many advantages for your park, school, church or apartment complex, such as:
You can get the funds you need to build your dream playground with municipal leasing from Playworx. Let our experienced public finance staff walk you through the process and assist with specific questions. Please email us or give us a call today at 404-427-5270.