Private loans the City of Asheville and Buncombe County currently owe

Activity:

• June 27, 2018 4:24 pm

  4 years ago

  from: Sunshine Request <[email protected]>
  to: “Kassi L. Day” <[email protected]>,
  Sarah Terwilliger <[email protected]>
  date: Wed, Jun 27, 2018 at 4:24 PM
  subject: Re: [EXTERNAL] Records Request: Private loans the City of Asheville and Buncombe County currently owe

   

  Kassi and Sarah,

   

  Thank you for your help in completing this request!

   

  We appreciate you both.

  Have a good evening,
  Sunshine Request

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  Status: Completed
• June 27, 2018 3:59 pm

  4 years ago

  from: Kassi L. Day <[email protected]>
  to: Sunshine Request <[email protected]>
  cc: “Michael C. Frue” <[email protected]>
  date: Wed, Jun 27, 2018 at 3:59 PM
  subject: RE: [EXTERNAL] Records Request: Private loans the City of Asheville and Buncombe County currently owe

   

  Hello Sunshine Request, in response to your request for information below, I can provide the following information from Interim Finance Director Eric Hardy.

   

  For the purpose of responding to this request for information, the County defines “private loans” as either

   

  1) loans secured directly from a commercial bank or similar lending institution (private placement), or

   

  2) capital leases for equipment obtained through a third party financing agent.

   

  No other form of private loan is permitted by law for local governments in North Carolina.

   

  Buncombe County currently has one private loan outstanding:
  Loan amount: $32,500,000
  Interest rate: 1.7%
  Date of agreement: 10/1/2012
  Issuing agent: TD Bank
  Estimated payoff: 12/1/2025
  Current payoff: $19,200,000

   

  A full listing of the County’s outstanding debt, financed through the capital markets (bond market) are found beginning on page 65 of the Comprehensive Annual Financial Report.

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  Status: Response Received from Government
• June 21, 2018 11:01 am

  4 years ago

  from: Sarah Terwilliger <[email protected]>
  to: Sunshine Request <[email protected]>
  date: Thu, Jun 21, 2018 at 11:43 AM
  subject: Re: [Public Records Request] Records Request: Private loans the City of Asheville and Buncombe County currently owe

   

  Good morning Sunshine Request,

   

  Please find the spreadsheet with the requested information from the City of Asheville, here.

   

  Thank you,
  Sarah

   

  **Editor’s Note: Please see referenced file “_Debt Summary June 2018 – Sunshine Request.xlsx – SUMMARY.pdf” at top left in documents

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  Status: Response Received from Government
• June 18, 2018 12:14 pm

  4 years ago

  from: Sarah Terwilliger <[email protected]>
  to: Sunshine Request <[email protected]>
  date: Mon, Jun 18, 2018 at 12:14 PM
  subject: Re: [Public Records Request] Records Request: Private loans the City of Asheville and Buncombe County currently owe

   

  Good afternoon Sunshine,

   

  The City of Asheville is in receipt of this request and we have begun processing.

   

  Thank you!
  Sarah

   

  Sarah Terwilliger
  Deputy City Clerk
  Interim Public Records Officer
  City of Asheville
  (828) 259-5839

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  Status: Government Processing Request
• June 14, 2018 4:41 pm

  4 years ago

  from: Sunshine Request <[email protected]>
  to: [email protected]
  cc: “Kassi L. Day” <[email protected]>,
  “Michael C. Frue” <[email protected]>
  date: Thu, Jun 14, 2018 at 4:41 PM
  subject: Records Request: Private loans the City of Asheville and Buncombe County currently owe

   

  Hello City of Asheville and Buncombe County,

   

  We just received another request via www.sunshinerequest.com for information that may be available in your office.

   

  Here are the details:

   

  Subject: “Private loans the City of Asheville and Buncombe County currently owe”

   

  Message: “I’d like to request full disclosure of any and all private loans the City of Asheville and Buncombe County currently owe. Please include the request loan amount, name of issuing agent, terms of loan, current payoff amount, and estimated payoff date. Please provide this information in machine readable format, such as CSV, XML, Spreadsheet, etc.”

   

  Thank you for your assistance.
  Have a good day!

   

  Sunshine Request

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  Status: Sent to Government
• June 14, 2018 6:45 pm

  4 years ago

  Submitted to Sunshine Request

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  Status: Pending