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Habersham County approves PNC financing for new animal control facility
Summary
The Habersham County Commission voted unanimously March 17 to accept a PNC Bank proposal and authorize documents to finance a new animal control facility through ACCGbricks-and-mortar installment sale, using SPLOST sales-tax revenue for repayment.
Habersham County commissioners voted unanimously March 17 to accept a PNC Bank bid to finance construction of a new county animal control facility and authorized the chairman to execute closing documents.
The financing will use an Association of County Commissioners of Georgia (ACCG) tax-exempt installment sale agreement. Davenport, the county's financial advisor, recommended PNC after a competitive request-for-proposal process; PNC bid a 3.64% interest rate on a 10-year amortization and agreed to standard prepayment provisions. County staff said the county intends to repay the loan with SPLOST…
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