1. CFP forms a limited liability company to build and own the project—and to work with you in designing a new building or acquiring and refinancing an existing facility.
2. The local municipality issues tax-exempt lease revenue bonds and lends the proceeds of the bonds to CFP to build or refinance the facility.
3. The appropriate entity or group of entities (community, school, college, non-profit, etc.) leases and operates the project for the term of the bonds and owns the project after the bonds are repaid.