CONTRACTAPPROVED

Lake County Awards $22,000,000 Financing Contract to Pinnacle Financial (January 2025)

Disclosed value: $22,000,000; From minutes
Approved: Jan 7, 2025
Term: 15 years

What it covers

Approved bond issuance with Pinnacle Financial Partners for $22 million to finance construction of the Supervisor of Elections facility with a 15 year repayment period and fixed interest rate of 4.09%.

Who holds it

Pinnacle Financial holds this financing contract with Lake County. Its other public contracts on record include work for Asheboro City Schools and Athens State University.

What happens next

Term as filed: 15 years.

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Contract details

Contract type: Financing
Amount: $22,000,000
Document date: January 7, 2025
Term: 15 years
Vendor: Pinnacle Financial
Agency: Lake County
Source document: lake-county-board-of-county-commissioners-meeting-minutes-january-7-2025_609.pdf (Minutes)

Pinnacle Financial's other public contracts

Asheboro City Schools, North CarolinaPurchasing Card Account with Pinnacle Financial Partners · Sep 11, 2025Undisclosed Asheboro City Schools, North CarolinaPinnacle Financial Partners Approved for Purchasing Card · Sep 11, 2025Undisclosed Asheboro City Schools, North CarolinaPinnacle Financial Partners approved for $200K purchasing card account · Sep 11, 2025Undisclosed Asheboro City Schools, North CarolinaPinnacle Financial Partners authorized for $200,000 purchasing card account · Sep 11, 2025Undisclosed Athens State University, AlabamaPinnacle Financial Partners to provide financing for renovations. · Jul 18, 2025Undisclosed All Pinnacle Financial contractsVendor profile

More Lake County contracts

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Questions about this contract

Who was awarded the financing contract by Lake County?

Pinnacle Financial was awarded this financing contract by Lake County, as recorded on January 7, 2025. The contract value is $22,000,000.

How much is the Pinnacle Financial contract with Lake County worth?

The Pinnacle Financial contract with Lake County is valued at $22,000,000, covering financing work.

What type of contract is this?

This is a Financing contract, documented as a minutes record.

Where was this contract approved?

This contract appears in lake-county-board-of-county-commissioners-meeting-minutes-january-7-2025_609.pdf (Minutes), dated January 7, 2025 from Lake County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Pinnacle Financial hold?

Pinnacle Financial 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 Lake County currently buying?

Explore Lake County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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