Polk County, North Carolina 2026 Installment Financing Contract RFP - Community Center
Polk CountyCounty · Polk County, NC- Due
- Oct 6, 2026
- Deadline passed
- Posted
- Sep 15, 2026
- Contract term
- 20 years
- Primary contact
- Marche Pittman
- (704) 926-2457
The 30-second brief
Polk County, North Carolina is requesting proposals from financial institutions for an up to $12,000,000 Installment Financing Contract (the 2026 Contract) to fund the costs of acquiring, constructing, and equipping a new Community Center and paying related financing costs. The total project cost is estimated at approximately $18.6 million, with the remainder covered by donations and existing County funds, and the project will be leased to the YMCA of Greater Spartanburg. The financing will be tax-exempt, secured under a Deed of Trust on the project site with a fixed interest rate and semi-annual interest payments starting May 1, 2027, over a 20-year amortization schedule with an average life of 10.481 years. Proposals must be received by 10:00am on Tuesday, October 6, 2026, via email to designated county, municipal advisor, and bond counsel contacts, with closing anticipated on November 18, 2026. Selection will be based substantially on lowest total financing cost, including interest cost and upfront fees and expenses.
Lowest total financing cost
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Summary
Polk County, North Carolina is requesting proposals from financial institutions for an up to $12,000,000 Installment Financing Contract (the 2026 Contract) to fund the costs of acquiring, constructing, and equipping a new Community Center and paying related financing costs.
The total project cost is estimated at approximately $18.6 million, with the remainder covered by donations and existing County funds, and the project will be leased to the YMCA of Greater Spartanburg. The financing will be tax-exempt, secured under a Deed of Trust on the project site with a fixed interest rate and semi-annual interest payments starting May 1, 2027, over a 20-year amortization schedule with an average life of 10.481 years. Proposals must be received by 10:00am on Tuesday, October 6, 2026, via email to designated county, municipal advisor, and bond counsel contacts, with closing anticipated on November 18, 2026. Selection will be based substantially on lowest total financing cost, including interest cost and upfront fees and expenses.
EVALUATION CRITERIA
Lowest total financing cost
- Submit to
- [email protected], [email protected], [email protected]
- Scope location
- Polk County, NC
Questions about this RFP
How do I respond to this RFP from Polk County?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 6, 2026. Submissions should be delivered to: [email protected], [email protected], [email protected]. For questions, contact Marche Pittman.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Polk County in NC, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Marche Pittman at (704) 926-2457. Questions and answers are typically shared with all prospective bidders.
Show 5 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Lowest total financing cost" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Polk County?
All active and historical solicitations from Polk County are tracked and searchable. As a county agency, Polk County regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 20 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. Review the full document from Polk County for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Polk County, NC. Review the full solicitation for detailed scope requirements.