THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, January 27, 1995 TAG: 9501270808
SECTION: LOCAL PAGE: B3 EDITION: NORTH CAROLINA
DATELINE: MANTEO LENGTH: Short : 23 lines
East Carolina Bank will provide financing for Dare County's share of the cost of the $1.2 million Fessenden Multi-Purpose Center on Hatteras Island, county officials announced this week.
The bank will finance $750,000 at a fixed rate of 5.4 percent over 10 years.
The county will receive $75,000 in federal and state grants for the center. Construction of the facility is expected to begin May 1, with completion expected in six to eight months.
East Carolina Bank was chosen after a number of financial institutions submitted proposals to finance the Buxton recreational complex. by CNB