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Wilson County approves resolution to negotiate $35.4 million installment financing for school, county projects
Summary
Wilson County commissioners on Nov. 3 approved a resolution to authorize negotiation of installment financing to fund Frederick Douglass Elementary School and multiple county capital projects.
Wilson County commissioners on Nov. 3 approved a resolution to authorize negotiation of installment financing to fund Frederick Douglass Elementary School and multiple county capital projects.
Ted Cole, senior vice president with Davenport & Associates, told commissioners the borrowing request reflects total project amounts of $35,370,271 and a par (total loan amount) of about $35,000,005.80, and that the cost of issuance budget is a little over $209,000. "The borrowing amount has come down by about $50,000 as we have fine tuned project costs and the cost of issuance," Cole said. He…
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