Insight on Business

November 2015

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30 | I NSIGH T • N o v e m b e r 2 0 15 w w w . i n s i g h t o n b u s i n e s s . c o m JO H N S O N B A N K . C O M / L E G AC Y B A N K I N G W E A L T H I N S U R A N C E MEMBER FDIC Hardworking. Tr ustworthy. Diligent. What you're known for; and what you instill in others. And what you'll find in the experts at Johnson Bank. Our unwavering commitment to customers and their complex financial needs spans generations. We'll help you plan, grow and protect your assets – so that your family will be left with more than just great memories. W H AT W I L L B E YO U R L E G A C Y ? municipal wastewater treatment plants — many of which were built in the 1980s and now require upgrades — his company has had to find ways for its municipal clients to maintain, overhaul or rebuild their systems in the face of budget restrictions. One solution is for McMahon to buy the plants from communities, allowing them to finance the upgrades or tackle other municipal projects. Working with financial advisors from Baker Tilly and legal advisors from Herrling Clark, they can tailor solutions to a wide variety of projects, big and small. e Little Chute project, at a cost of about $150,000, was small — especially considering that many projects McMahon soon expects to deploy with IPR involve complete overhauls of wastewater treatment plants and bio-digesters — but it proved effective. It came to McMahon through Nick Van De Hey, a McMahon engineer who had coordinated projects for Little Chute in the past. He proposed instead of a dry pond, which would have severely limited land use for the five property owners, that the owners collaborate on the installation of a water pipe. Offering to help the owners finance their share allowed the project to be completed quickly. Now, one of the businesses is ready to add 14,000 square feet to his building, along with new hires. Another plans to expand by 10,000 square feet. "I don't know if you can even put a value of how great it is that in three months the project was done," Fenlon says. "at's a win-win-win for everyone." Public-private partnerships, depending on the level of involvement of a firm like IPR, may not work in every instance, Lamers admits, and Fenlon agrees. But they do open the door to expediting developments that may be stymied by governmental processes, regulations or lack of funding. "is project just skims the surface as to what other realm is possible," Fenlon says. "A lot of great things could be done with this kind of model." "This project just skims the surface as to what other realm is possible. A lot of great things could be done with this kind of model." – J a m e s F e n l o n , L i t t l e C h u t e A d m i n i s t r a t o r

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