Monday, February 28, 2011
RBC Capital Markets Investment Banking Agreement
At the February 22nd, 2011, Polk City Meeting, Mr. Gerald Hartman, from GAI Consultants, presents the Council Members with a copy of the proposed Investment Banking Agreement with RBC Capital Markets. Here is a copy of the document. RBC Capital Markets Investment Banking Agreement The council voted to 4-1 to move forward with this agreement for RBC for work out the details for this proposed bond/loan for $8.3 - $8.9 Million. The estimated interest alone will run approximately $6 Million dollars. If this bond/loan is later voted to be approved by City Council to move forward with the final deal that RBC proposes, the total city debt will be increased to somewhere in the neighborhood of $19 Million from the current $10.4 Million debt. See the details of these calculations in a previous blog post here: Proposed City Refinancing Will Nearly Double City Debt for Tax Payers
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guess there is no guessing what they are doing. How can we fight this???? So upset I don't know what to do.
ReplyDeleteget a letter or e-mail out pronto to rbc
ReplyDeletelooked up contact email information =
ReplyDeletenate.eckloff@rbccm.com
Steve Groth in Orlando handles all municipal finance inquires for RBC in the state of Florida. phone (803)758-6866 or email steve.groth@rbc.com
ReplyDeleteLove it love it love it! Many of us are writing tonight. Thanks to Mr. Anonymous.
ReplyDeleteClearly we harassed the wrong guy. RBC is not even in consideration of doing the bond! Idiots!
ReplyDeleteAnonymous got the contact wrong???? Why do YOU think the deal got denied???????????????
ReplyDelete