City Council to consider repairs – Rocky Mount Telegram

BY LINDELL JOHN KAY
Staff Writer

Saturday, April 20, 2019

The Rocky Mount City Council is set to discuss roof repairs among other topics Monday afternoon.

The council is scheduled to hold a public hearing relative to application to the Local Government Commission for approval of an installment purchase contract for fiscal year 2019 construction projects.

The city is seeking arrangement with PNC Bank, National Association for $833,000 with a fixed interest rate of 2.36 percent for a 59-month term; $1.2 million with a fixed interest rate of 2.96 percent for a 59-month term; and $1 million with a fixed interest rate of 2.60 percent for an 84-month term with a total cost of $3.1 million.

The planned work includes: (Read more)