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Agenda - 12-01-1997 - 7a
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Agenda - 12-01-1997 - 7a
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Last modified
8/29/2013 12:26:02 PM
Creation date
8/29/2013 12:25:59 PM
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BOCC
Date
12/1/1997
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7a
Document Relationships
Minutes - 19971201
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1997
RES-1997-062 Resolution Providing Final Approval of Terms and Documents Related to Financing for Skills Development Center Improvements
(Linked From)
Path:
\Board of County Commissioners\Resolutions\1990-1999\1997
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NationsBank. N.a. Tel 919 918-4240 5 <br /> Commercial Banking Group Fax 919 967-3881 <br /> F. O. Box 570 <br /> Chapel Hill,NC 27514-0570 <br /> Na"onsBank , <br /> November 20, 1997 <br /> Mr. Ken Chavious <br /> Finance Officer <br /> Orange County Finance Office <br /> P.O. Box 8181 <br /> Hillsborough, N.C. 27278 <br /> Dear Mr. Chavious: <br /> NationsBank, NA (the "Bank") is pleased to provide this financing <br /> commitment to Orange County (the "Borrower"). The terms and conditions <br /> are as follows: <br /> BORROWER: Orange County, N.C.. <br /> PURPOSE: To provide financing for the renovation of the <br /> property located at 501 & 503 West Franklin St., <br /> Chapel Hill, N.C. <br /> AMOUNT: $780,000.00. <br /> INTEREST RATE: 5.03% Fixed. <br /> FUNDING: Full funding of the credit facility at closing. Closing <br /> to occur no later than December 19, 1997. <br /> TERMS: Equal payments of principal and interest shall be <br /> due semi-annually beginning on July 1, 1998. See <br /> attached amortization schedule for payment <br /> amounts. <br /> MATURITY: January 1, 2008 <br /> FEE: The Bank's standard fee of 1% will be waived. <br /> Member FDA' <br />
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