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Council approves Davenport Public Finance contract to advise on Kerr Lake financing; fees estimated $50,000–$70,000
Summary
The council approved a contract with Davenport Public Finance to provide underwriting/financial advisory services for the Kerr Lake Regional Water System upgrade; staff said Davenport's fee is $50,000 for installment financing or $70,000 if revenue bonds are used, with work charged only if financing is required.
Henderson City Council approved a contract on Oct. 10 with Davenport Public Finance to provide underwriting and financial advisory services for the Kerr Lake Regional Water System upgrade and expansion.
City Manager Edward T. Blackmon said First Bank required the City to engage an…
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