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Nags Head approves AR Chessen for wellness center, authorizes $2.7M financing through First National
Summary
The Nags Head Board of Commissioners awarded the town’s employee wellness center and workforce housing contract to AR Chessen and approved financing not to exceed $2.7 million with First National Bank at a stated 4.17% interest rate; the loan requires Local Government Commission approval and a deed of trust on 5401 S. Croatan Hwy.
The Nags Head Board of Commissioners voted July 2 to award the construction contract for a new 3,200-square-foot employee wellness center with two four-bedroom workforce housing units above to AR Chessen and to move forward with installment financing to pay for the project.
Staff presented three responsive bids and recommended AR Chessen as the lowest responsible bidder. The advertised base bid and alternates produced the following proposals: AR Chessen, $2,355,219; Sussex Development, $2,397,113; Todd Coil Construction, $4,170,320. The board approved awarding the contract to AR Chessen for the base bid plus additive alternates G1…
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