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Bid Tabulation for New High School <br />July 16, 2007, 11am <br />Financing Variable Fees Interest Expense Prepayment <br />Institution over life of loan Penalt <br /> Market Indication as of 7/16/07: 4.25% <br />BB & T Index: BMA + 0.67% $4,700 $ 634,074 Prepay any payment date <br /> without enal <br />~~fl~l~fl~ ! {, <br />~ s' <br />~ °Pf'~ddY~~13Q62+~19t~o <br />~,~~~ ~r ~'~ ~~ $ 5$1,680 Pr;~@p#ay8nythile <br />1, r . . ~.. <br />,_ , . <br />, x. 1 ' wRhout nal . <br /> Market Indication as of 7/16/07: 4.1833% <br />RBC Index: 72.5%of 30-day LIBOR $5,000 No Schedule Prepay any time <br /> Provided without enal <br /> Market Indication as of 7/16/07: 4.32% <br />First Charter Index: 30-day LIBOR - 1.00% $6,500 $ 619,168 Prepay any time <br /> without enalt . <br /> Market Indication as of 7/16/07: 4.10% <br />Sun Trust Index: 65% of 6-month LIBOR + 0.92% $2,000 $ 575,623 Prepay any payment date <br />structured as lease without enal <br /> Market Indication as of 7/16/07: 4.62% $6,000 legal if bank prepares <br />Regions Index: 60.5% of 30-day LIBOR + 1.40% $2,000 legal if County's counsel prepares No Schedule Prepay any time <br /> Provided without nal- . <br /> Market Indication as of 7/16/07: <br />First Citizens Index: No Bid <br /> Market Indication as of 7/16/07: <br />Cabarrus Bank & Trust Index: No Bid <br />Selected Bank of America: the Second lowest bidder for the following reasons: <br />1. Sun Trust proposed, lowest bidder, a lease versus a installment contract which was requested in the bid document. <br />2. Sun Trust prepayment clause only allows for prepayment on the payment due dates versus any date as requested. <br />`~ 3. Sun Trust requests that our council draft all contract documents. The cost associated with this exceeds the savings between the <br />t first and second bidder. <br />C:\Documents and Settings\psdubois\Local Settings\Temporary Internet Files\OLK4\bid tabulation high school.xls <br />