Comvest, Ltd., Inc.

CITY AND COUNTY GOVERNMENTS

     Comvest's lease-purchase programs enable public entities to cope with shrinking revenues and tax base. Instead of putting off major equipment purchases. Comvest works with governmental representatives to take advantage of good market opportunities and the lowest rates available.

     By entering into a lease-purchase agreement, public entities can obtain ownership without debt obligation. Lease-purchase agreements stipulate that payments from governmental agencies are subject to annual appropriations. Payments are regarded as a current obligation, not a debt, and require only the approval of the governing body rather than a public referendum.

     Payment terms are structured to meet budget constraints. Terms range from twelve months to ten years, depending on the type of equipment and its useful life.

     Our lease-purchase agreement was developed as a financing alternative to cash purchases and the outright issuance of long-term municipal bonds. The use of municipal leasing by state and local finance officers has increased substantially over the last several years because of the flexibility of the lease-purchase as a financing instrument, and the ability to spread the cost of the equipment of capital asset acquisition over a period of time.