On October 23, 2019, Rowan County entered into an agreement with First Tryon Advisors to provide Financial Advisory Service Agreement for the installment financing in the amount of $22,000 plus reimbursables. The Finance Department would like to continue this agreement with Phase 3 for installment financing at West End Plaza for $30,000 plus reimbursable and Phase 4 for GO Bond financing for Rowan Cabarrus Community Colleges for $45,000 plus reimbursables. Reimbursables are estimated at $3,000 for both phases. These additions have put this contract at a price point that requires Board of Commissioners approval.
Attached is the Phase 3 and Phase 4 with First Tryon Advisors.
Recommendation: The Finance and Purchasing Directors recommend that the Board of Commissioners authorize the County Manager to sign a contract with First Tryon Advisors for Phase 3 and Phase 4 in an amount not to exceed $78,000.
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