Municipal Tax - Exempt Lease Financing

2026-11-03

Level annual payments to be made in arrears on August 1 each year until the loan is paid in full . Payment schedules will be issued by the lessor when proceeds are disbursed . Each proposer shall indicate a fixed interest rate for each lease purchase . The Town will assume all maintenance , insurance and all other costs with respect to the property during the lease term . At the conclusion of the lease purchase agreement , the Town shall own the items described above and financed by the agreement . Within five ( 5 ) days from receipt of the final payment , or any prepayment , the lessor shall release any security interest on the property financed under the lease agreement . Prepayment Please indicate if Town shall have the option to prepay all or any portion of the outstanding amount of the lease purchase agreement at any date without prepayment penalty . Upon any prepayment of less than the entire outstanding amount of the lease purchase agreement , the lessor shall provide the Town with a restated payment schedule reflecting such prepayment ...

Connecticut

2026-05-05