There are many forms of future revenues that counties and municipalities realize that will support additional funding. If you have a situation that is not specifically mentioned, please contact us to determine what services we can offer.

Franchise Fees

Water, gas, electrical and cable television utilities generally pay franchise fees based upon a percentage of gross receipts. While these revenues usually are deposited into the general fund and used to pay for vital services, these same revenues can be used to create new tax revenues through economic development or to solve a temporary budget crisis.

Neptune Company purchases the right to receive future franchise fees. The transaction is accomplished by means of a sale, and is not a borrowing. We provide maximum funding based upon these revenues without debt coverage, reserves and other underwriting criteria required for traditional bond financings. The payments that we expect are variable, i.e. we expect to receive the revenues as they occur and do not look to the government entity's credit or expect any shortfall in actual revenues to be made up from other sources. The term of the revenues assigned is adjusted as needed to repay the amount advanced at the negotiated discount rate.

Utility Reimbursements

If you have utility services provided by investor-owned utilities (as opposed to utility districts), then you presumably have reimbursement agreements with the utilities that reimburse all or a portion of costs incurred when you advance funds to extend utility services. Neptune Company purchases several hundred utility reimbursement agreements annually.

In addition, if you have aided the construction of water or sewer infrastructure by financing part of the cost, we will purchase your repayment/financing agreement or note.

Nuisance Abatement and Health Code Violation Liens

If you have existing ordinances, or are considering adopting ordinances to support the placement of liens related to nuisance abatement and health code violations, we offer a funding source to purchase the liens. Our interest is not to acquire properties. Our interest is to provide an immediate source of revenues to counties and cities related to enforcement of ordinances. Nuisance abatement and health code liens are an effective tool to give owners an incentive to clean up problem properties. If liens were not cured, the right to foreclose can be shifted to agency approved non-profit organizations or developers thereby serving as a catalyst for higher quality affordable housing and economic development.

Residual Receipts, Agency and Private Party Financings

If you have outstanding loans made to other agencies or private parties, we will either purchase the loans or offer funding supported by the scheduled future payments revenues.

Sales Tax and Transient Occupancy Tax Revenues

Neptune Company will purchase or provide funding supported by sales and occupancy tax revenues. We will consider single properties or defined areas as a revenue base.

If your county or city is contemplating making a revenue pledge to a private party developer as a form of public assistance, you may find it useful to know that we will write forward commitments to developers to purchase or fund against these revenues.

This assists the developer in putting together its financing by relieving the investors from investing in tax revenues. The value of tax revenues pledged to a project as an NOI subsidy will always be valued less by the developer than the funding that we would provide. In other words, if Neptune Company purchases the revenue, less revenue needs to be pledged to the project to achieve the same degree of benefit.

Tobacco Settlement

If you have unencumbered tobacco settlement revenues, we offer competitive funding against these revenues.

Delinquent Real Property Tax Liens (Statutory Penalties and Interest)

If you have not adopted a Teeter Plan, or otherwise encumbered your future statutory penalty and interest revenues, we offer funding secured by these revenues.