NASHVILLE, N.C. — The Nash County Board of Commissioners on Aug. 11 adopted a resolution authorizing installment financing not to exceed $11,765,000 and approved a set of construction contracts to spend the borrowed proceeds on county capital projects.

The board selected JPMorgan Chase as the preferred lender and authorized the county manager to execute the financing documents after the Local Government Commission’s review. Davenport & Company senior vice president Ted Cole told the board the loan was on track to close the week of Aug. 19 and that the county had chosen a 10‑year term to limit long‑term interest cost.

The financing is intended to pay for several county building projects and park upgrades. After the financing vote, commissioners awarded four separate construction contracts that staff said will be covered by the installment financing and other budgeted capital funds.

Calvin Davenport Inc. received the low bid for the Nash County Courthouse renovation at $2,843,700; commissioners approved a 10% contingency and a total authorization of $3,128,070. Salisbury & Moore LLC was awarded the Nash County Medpark building renovation contract at $3,130,160 with a 10% contingency (total authorization $3,443,176). WX Tight LLC won the Administration Building and DSS annex roof replacement contract for $633,186, and Musco Sports Lighting LLC was authorized to supply field lighting for Miracle Park at $1,526,687. The board also approved a $29,000 design change order for the Medpark project to cover additional HVAC work identified during final design.

Commissioners and staff said they prioritized a 10‑year financing term to reduce lifetime interest costs and timed work to begin once the loan closes. “We are on track to close this loan next Tuesday, the nineteenth,” Cole told commissioners during the meeting. County staff said formal change orders on awarded contracts would be brought back to the board, and smaller manager‑level adjustments could be executed for minor items within established thresholds.

Why it matters: The financing and the contract awards mark the shift from planning to construction for several multi‑year public projects. The courthouse work will alter existing county facilities; the Medpark work supports consolidation of health‑department functions; the roof project addresses ongoing water infiltration at county administration facilities; and the Miracle Park lighting expands nighttime recreation options and tournament capacity.

What’s next: The county expects to issue notices to proceed after the loan closes and the county manager executes the contracts. Staff said routine construction reporting and any change orders that affect cost or schedule will be returned to the board for approval.