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Wilson County approves $35.5 million installment financing for Frederick Douglass Elementary
Summary
Wilson County commissioners approved a final installment financing resolution to fund Frederick Douglass Elementary and county capital projects, a package county staff said totals $35.5 million and is scheduled to close Dec. 12 after Local Government Commission review.
Wilson County commissioners on the first December meeting approved a resolution authorizing an installment financing contract to support Frederick Douglass Elementary and related county capital projects. County staff described the total financing as $35,500,000, which includes roughly $26,580,841 attributed to the school’s guaranteed maximum price and about $8,791,000 for county capital projects; issuance costs were described as approximately…
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