Search results for: tax exempt lease

Please discuss your firm’s experience as it relates to the scope of services described below: Describe the firm’s overall experience with complex tax-exempt lease, sublease and/or private placement transactions during the last three years including size of the bank, number of size of tax-exempt lease, sublease and/or private placement transactions.

revenue, etc.) and tax exempt lease-purchase obligations (Certificate of Participation, hereinafter referred to as COP’s).

At closing, that firm will issue its opinion that the lease purchase agreement has been duly authorized by the City, and that the interest on the lease purchase agreement will be exempt from gross income for purposes of federal income taxation. The lease purchase agreement will be designated a “qualified tax- exempt obligation” of the City under § 265 of the Internal Revenue Code.