FINANCIAL_SERVICESRECOMMENDED

Knightdale Recommends $9.5 Million Pinnacle Bank Financing

Knightdale staff recommends approving a split installment financing agreement with Pinnacle Bank for up to $9,495,000. The financing would provide $4.934 million for real property acquisition and $4.561 million for fire engines and apparatus, with terms of 20 years and 10 years, respectively.

Document date · October 5, 2026

Track Town of Knightdale contracts

Get alerts when new contracts are awarded or existing ones approach renewal at Town of Knightdale.

Get started free

Create a free account · no credit card

Trusted by 200+ enterprise customers and 1,000+ teams on the free plan

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
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
Not to exceed $9,495,000
Contract type
FINANCIAL_SERVICES
Contract term
Split financing: 10 years for fire engines and apparatus at 4.31%; 20 years for real property acquisition at 4.74%; final payment date October 1, 2046
Renewal date
2046-10-01
Renewal
The financing contract permits extensions, renewals, modifications, and amendments subject to its terms; no specific renewal option is stated. The final payment date is October 1, 2046.
Document type
AgendaPacket
Source document
Town of Knightdale AgendaPacket Work Session Agenda 2026-10-05

Related contracts

Other contracts from Pinnacle Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Pinnacle Bank was awarded this financial services contract by Town of Knightdale, as recorded on October 5, 2026. The contract value is Not to exceed $9,495,000.

How much is the Pinnacle Bank contract with Town of Knightdale worth?

The Pinnacle Bank contract with Town of Knightdale is valued at Not to exceed $9,495,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Knightdale AgendaPacket Work Session Agenda 2026-10-05 (AgendaPacket), dated October 5, 2026 from Town of Knightdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pinnacle Bank hold?

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

View Pinnacle Bank's profile

What is Town of Knightdale currently buying?

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

View Town of Knightdale's profile