PNC Public Finance Recommended for Kernersville Loan

Kernersville staff recommended PNC Public Finance for a $988,952 installment financing contract supporting Town Hall improvements and land purchases. The recommended financing has a 5.280% fixed interest rate, a 10-year term, and total loan cost of $1,281,195.71, pending Local Government Commission approval.

Document date · September 30, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$988,952 loan; $1,281,195.71 total loan cost

Contract type

FINANCIAL_SERVICES

Contract term

10 years; 20 semi-annual payments with equal principal

Renewal

No renewal option stated; contract execution is conditioned on favorable Local Government Commission approval scheduled for November 3, 2026.

Document type

AgendaPacket

Source document

Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Kernersville?

Pnc Public Finance was awarded this financial services contract by Town of Kernersville, as recorded on September 30, 2026. The contract value is $988,952 loan; $1,281,195.71 total loan cost.

How much is the Pnc Public Finance contract with Town of Kernersville worth?

The Pnc Public Finance contract with Town of Kernersville is valued at $988,952 loan; $1,281,195.71 total loan cost, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026 (AgendaPacket), dated September 30, 2026 from Town of Kernersville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Public Finance hold?

Pnc Public Finance 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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What is Town of Kernersville currently buying?

Explore Town of Kernersville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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