| Agenda Title: | Consider Approval of Financing Contract and Related Budget Amendment - Police and Fire Department Radios
| | Summary: | The Board approved the purchase of Police and Fire Radios at the September 12, 2017 meeting, and instructed staff to issue a financing RFP to fund the purchase. The Town received 4 responses from lenders. The BB&T response included a 2.23% borrowing rate over 7 years, and is recommended for acceptance by staff. The first debt service payment will be in FY 2019, and will be funded through the FY 2019 budget ordinance. |
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