johnston-county-board-of-commissioners-regular-agenda-august-4-2025_962.pdf
Tax-Exempt Fire Engine Loan Recommended with KS Bank
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Description
Kenly Volunteer Fire Department has requested County approval of tax-exempt status for a loan of up to $877,171.00 from KS Bank at 6.45% for 15 years to finance a 2025 E-One fire engine. The County’s Finance Director has reviewed competing proposals and recommends financing with KS Bank.
Contract Details
Contract Amount
up to $877,171.00
Vendor
KS BANK
Agency
Johnston County Schools, NC
Contract Type
FINANCIAL_SERVICES
Document Date
August 4, 2025
Contract Term
15 year term
Renewal Date
2040-01-01
Renewal Info
Single 15-year tax-exempt loan; no renewals noted.
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