St. Mary's County signs off on $900,000, five‑year equipment financing at 3.717%
October 29, 2025 | St. Mary's County, Maryland
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
Deputy Director of Finance Miss Sapp told the board the solicitation was issued Sept. 23, sealed bids were received Oct. 15, and the lowest responsive and responsible bidder locked a financing rate at 3.717%. The scheduled closing date for the financing was listed as Nov. 3.
Commissioners emphasized that the equipment had already been authorized in the county's fiscal year budget and the financing action only establishes the borrowing terms to pay for that equipment. A motion to execute the financing resolution and authorize the commissioner president and appropriate staff to sign related documents passed unanimously.
View full meeting
This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.
View full meetingSponsors
Proudly supported by sponsors who keep Maryland articles free in 2025
