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Town approves $709,000 installment financing for equipment at 3.45%
Town of Blowing Rock Town Council · August 13, 2025
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Summary
Council approved a four-year, $709,000 installment financing agreement with First National Bank at a 3.45% interest rate to fund vehicles and equipment; first payment due 08/01/2026.
The Town Council approved a resolution awarding a $709,000 four-year installment financing agreement to First National Bank at an interest rate of 3.45% to purchase equipment identified in the FY 25/26 capital plan.
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