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Haywood jail financing plan pays off
Haywood County commissioners made the right call on jail financing according to County Manager Bryant Morehead, and will proceed with a conventional loan after no opposition was heard during a public hearing held on Feb. 20. “We had asked in our RFP if the financing — the interest rates — could be held firm for a potential closing in mid-April,” said Carson Wiley, a public finance analyst from Davenport and Company, the county’s financial advisor. “Only one bank, Truist Bank, offered rates that were held firm through that mid-April closing, so through discussions with county staff we decided it would be best to go with the Truist option as it…
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