FINANCIAL_SERVICESPENDING

Library Plans 7-Year Building Loan With Royal Banks

The library board discussed renewing its building loan with Royal Banks, maintaining the existing certificates of participation structure with a proposed seven-year note on an outstanding balance of approximately $280,000. Legal and public finance advisors recommended against refinancing elsewhere, and the board plans to proceed if the interest rate offered is under six percent.

Document date · August 29, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
~$280,000 (outstanding balance)
Contract type
FINANCIAL_SERVICES
Contract term
Proposed 7-year note starting July 1
Renewal
Existing building loan with Royal Banks has previously renewed multiple times under a certificates of participation structure. A new seven-year note is planned, contingent on receiving an interest rate below 6%; this renewal is intended to carry the loan to full payoff without further intermediate renewals.
Document type
Minutes
Source document
Library Board Minutes 2026-08-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Rock Hill Public Library District?

Royal Banks was awarded this financial services contract by Rock Hill Public Library District, as recorded on August 29, 2026. The contract value is ~$280,000 (outstanding balance).

How much is the Royal Banks contract with Rock Hill Public Library District worth?

The Royal Banks contract with Rock Hill Public Library District is valued at ~$280,000 (outstanding balance), 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 Library Board Minutes 2026-08-29 (Minutes), dated August 29, 2026 from Rock Hill Public Library District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Banks hold?

Royal Banks may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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