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City Plans Sub-Loan Agreement With OIC for Hospital

City of Rocky Mount city logoCity of Rocky Mount city
Disclosed value
$375,000 (sub-loan amount, contingent on grant award)
From minutes
Document date
Apr 28, 2025

The 30-second brief

What it covers

Contingent on a state Building Reuse grant, Rocky Mount plans to enter into a $375,000 sub-loan agreement with OIC to renovate the former Memorial Hospital into a rural healthcare facility. OIC will be obligated to create 30 new healthcare jobs as part of the project.

Who holds it

OIC holds this financial services contract with City of Rocky Mount city. Its other public contracts on record include work for Clark State College | State of Ohio.

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Contract details

Contract type
Financial Services
Amount
$375,000 (sub-loan amount, contingent on grant award)
Document date
April 28, 2025
Vendor
OIC
Agency
City of Rocky Mount city
Source document
city_council_minutes_april_2025.pdf (Minutes)

OIC's other public contracts

Clark State College | State of Ohio, OhioClark State Schedules Forklift Training with OIC · Mar 24, 2026UndisclosedCity of Rocky Mount city, North CarolinaCouncil Approves OIC Loan Subordination for Redevelopment · Feb 9, 2026$375KCity of Rocky Mount city, North CarolinaCity Amends OIC Lease Agreement with Rent Increase · Jul 28, 2025City of Rocky Mount city, North CarolinaLoan Agreement with OIC for Hospital Project · Jul 14, 2025UndisclosedCity of Rocky Mount city, North CarolinaLoan Agreement Approved with OIC · Jul 14, 2025UndisclosedAll OIC contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Rocky Mount city?

OIC was awarded this financial services contract by City of Rocky Mount city, as recorded on April 28, 2025. The contract value is $375,000 (sub-loan amount, contingent on grant award).

How much is the OIC contract with City of Rocky Mount city worth?

The OIC contract with City of Rocky Mount city is valued at $375,000 (sub-loan amount, contingent on grant award), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_council_minutes_april_2025.pdf (Minutes), dated April 28, 2025 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 OIC hold?

OIC 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.

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