Fire Station #2 financing proposal
City of Rocky Mount cityCity · Rocky Mount, NC- Disclosed value
- $5,433,415
- From agenda
- Document date
- Jun 24, 2024
- Term
- 20 years
The 30-second brief
City of Rocky Mount considers revised installment financing proposal from Banc of America Capital Corp for Fire Station #2. Increases interest rate from 4.3203% to 4.5428% which would increase total interest costs by $290,746 upon full maturity after 20 years from $5,142,669 to $5,433,415
Banc of America Capital holds this financing contract with City of Rocky Mount city. Its other public contracts on record include work for Pasco County School District.
Term as filed: 20 years.
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Contract details
- Contract type
- Financing
- Amount
- $5,433,415
- Document date
- June 24, 2024
- Term
- 20 years
- Vendor
- Banc of America Capital
- Agency
- City of Rocky Mount city
- Source document
- city_council_regular_meeting_agenda_june_24_2024.pdf (Agenda)
Banc of America Capital's other public contracts
More City of Rocky Mount city contracts
Questions about this contract
Who was awarded the financing contract by City of Rocky Mount city?
Banc of America Capital was awarded this financing contract by City of Rocky Mount city, as recorded on June 24, 2024. The contract value is $5,433,415.
How much is the Banc of America Capital contract with City of Rocky Mount city worth?
The Banc of America Capital contract with City of Rocky Mount city is valued at $5,433,415, covering financing work.
What type of contract is this?
This is a Financing contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city_council_regular_meeting_agenda_june_24_2024.pdf (Agenda), dated June 24, 2024 from City of Rocky Mount city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banc of America Capital hold?
Banc of America Capital 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 City of Rocky Mount city currently buying?
Explore City of Rocky Mount city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.