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Blowing Rock approves $709,000 equipment installment loan at 3.45% for municipal vehicles
5564502 · August 13, 2025
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Summary
Council approved a four-year installment financing agreement for $709,000 to cover capital equipment including police vehicles, a chipper and snow plows; the low bid was 3.45% from First National Bank.
The Blowing Rock Town Council approved a resolution on Aug. 12 to accept a low bid of 3.45% for a four-year $709,000 installment financing agreement to fund capital equipment purchases identified in the 2025-26 budget.
A staff presenter summarized the solicitation process: bids were…
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