Transylvania County Awards Financial Services Contract to Transylvania County Schools (May 2022)

Transylvania County Commissioners approved a five-year memorandum of understanding with Transylvania County Schools to fund the Pisgah Forest Elementary renovation, including related budget amendments and a revised capital project ordinance. The agreement establishes a framework where the County pays construction vendors directly to maximize sales tax savings while the School Board oversees design and implementation.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Five-year memorandum of understanding framework beginning 2022

Renewal date

2027-05-23

Renewal

Five-year term MOU with flexibility to add additional school capital projects by mutual written consent. Future amendments can expand the scope to other education capital projects under the same financing and payment framework.

Document type

Minutes

Source document

Transylvania County Board of Commissioners Meeting Minutes May 2022

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Transylvania County?

Transylvania County Schools was awarded this financial services contract by Transylvania County, as recorded on May 23, 2022.

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 Transylvania County Board of Commissioners Meeting Minutes May 2022 (Minutes), dated May 23, 2022 from Transylvania County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Transylvania County Schools hold?

Transylvania County Schools 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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