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Nash County approves $11.8 million installment financing, awards four renovation and infrastructure contracts
Summary
After Local Government Commission review, the Nash County Board approved a $11.765 million, 10‑year installment financing package and then moved to award four capital contracts funded by the borrowing: courthouse renovation, Medpark relocation work, an administration building roof replacement and lighting for Miracle Park.
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…
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