town_council_regular_meeting_agenda_july_15_2025.pdf
North Carolina Department of State Treasurer approves $997,840.48 disaster response loan
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Description
North Carolina Department of State Treasurer approved a $997,840.48 loan agreement with Town of Laurel Park for disaster response activities related to Hurricane Helene, effective until full repayment by the earlier of the five-year anniversary of the loan date or June 30, 2030.
Contract Details
Contract Amount
$997,840.48
Vendor
NORTH CAROLINA DEPARTMENT OF STATE TREASURER
Agency
Town of Laurel Park, NC
Contract Type
Loan Agreement
Document Date
July 15, 2025
Contract Term
Effective Date – earlier of five-year anniversary of loan date or June 30, 2030
Renewal Date
NA
Renewal Info
NA
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