Knightdale amended a previous reimbursement resolution on June 17, 2026 to increase the anticipated financing for a significant property purchase and renovation project to approximately $5,500,000. The Town plans to acquire a building and potentially renovate it for Town use, and, after consultation with bond counsel, determined it can finance a higher percentage of the cost, reducing the immediate cash outlay and allowing some flexibility for private business use in the facility. The resolution does not specify the building’s intended function or its location, but it confirms that debt financing via an installment financing contract will be pursued and that staff may proceed with expenditures ahead of the financing. This creates advisory and design opportunities around space planning, renovation design, and public‑private space allocation once the property is secured. Vendors who can help optimize reuse, code compliance, and fit‑out for municipal and potential private tenants can assist in shaping the project before RFPs for design and construction are developed.

An earlier reimbursement resolution from November 2025 is being amended; the change increases the po...