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<br />" <br /> <br /> <br />February 7, 2005 <br /> <br />To: Board of County Commissioners <br /> <br />, <br /> <br />From: Pamela S. Dubois, Deputy County Manager <br /> <br />Subject: Installment Financing Bank Bids <br /> <br />Cabarrus County requested bank bids for the financing of the renovations to the RCCC Business <br />Center along with a new parking lot and architectural design fees for building 3000 at the South <br />Campus of RCCC. The bids were sent to 19 financial institutions. The County received bids from <br />6 different institutions. . <br /> <br /> <br />A summary of the bids is attached for your review along with the ac:tual bidders list and the <br />installment financing proposal. After reviewing the bids received, setting aside prepayment <br />clauses, I am recommending that the County select RBC Centura for the seven year term with an <br />interest rate of 3.54%. This will result in approximate $45,000 savings over the next lowest bidder <br />at 3.89% for the same term. <br /> <br /> <br /> <br /> <br /> <br /> <br />...~~ <br />~~I!!~.9~ty <br />NORTH CAROUNA <br /> <br />Cabarrus County Finance Department . <br />65 Church StreetSE (28025) . P.O. Box 707 . Concord. North Carolina 28026-0707 <br />Phone: 704.920.2107 Fax: 704.920.28.81 web: www;cabarruscounty.us <br /> <br />