Franklin County Mulls $20M Interim Borrowing with Davenport
Balance of Franklin CountyCity · VA- Disclosed value
- $20,000,000
- From minutes
- Document date
- Jun 24, 2025
- Term
- 5 years
The 30-second brief
Franklin County considers interim borrowing up to $20 million over a 5-year, interest-only period, with the ability to prepay with minimal penalty. Davenport & Company LLC recommends a Public Market Sale due to the County's strong credit rating.
Davenport & Company LLC holds this financial advisory contract with Balance of Franklin County. Its other public contracts on record include work for Surry County and North Carolina Department of State Treasurer | State of North Carolina.
Term as filed: 5 years.
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Contract details
- Contract type
- Financial Advisory
- Amount
- $20,000,000
- Document date
- June 24, 2025
- Term
- 5 years
- Vendor
- Davenport & Company LLC
- Source document
- franklin-county-board-of-supervisors-minutes-capital-planning-public-safety-jun-24-2025_2b5.pdf (Minutes)
Davenport & Company LLC's other public contracts
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Questions about this contract
Who was awarded the financial advisory contract by Balance of Franklin County?
Davenport & Company LLC was awarded this financial advisory contract by Balance of Franklin County, as recorded on June 24, 2025. The contract value is $20,000,000.
How much is the Davenport & Company LLC contract with Balance of Franklin County worth?
The Davenport & Company LLC contract with Balance of Franklin County is valued at $20,000,000, covering financial advisory work.
What type of contract is this?
This is a Financial Advisory contract, documented as a minutes record.
Where was this contract approved?
This contract appears in franklin-county-board-of-supervisors-minutes-capital-planning-public-safety-jun-24-2025_2b5.pdf (Minutes), dated June 24, 2025 from Balance of Franklin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Davenport & Company LLC hold?
Davenport & Company LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Balance of Franklin County currently buying?
Explore Balance of Franklin County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.