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Norwood Receives $2M Loan for Lead Replacement

Town of Norwood
Disclosed value
$2,000,000
From agenda
Document date
Sep 3, 2024
Term
20 years

The 30-second brief

What it covers

The Town of Norwood received a $2,000,000 loan with 100% principal forgiveness from the NC Department of Environmental Quality to locate and replace lead drinking water service lines in the Town's water system. The only cost to the Town is the 2% closing cost fee which is $40,000.

Who holds it

Nc Environmental holds this loan contract with Town of Norwood. Its other public contracts on record include work for Bladen County and Gaston College.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Loan
Amount
$2,000,000
Document date
September 3, 2024
Term
20 years
Vendor
Nc Environmental
Agency
Town of Norwood
Source document
town-of-norwood-regular-meeting-agenda-september-3-2024_29b.pdf (Agenda)

Nc Environmental's other public contracts

Bladen County, North CarolinaNCDEQ funding $2.8M for housing project approved · Dec 15, 2025$2.8MGaston College, North CarolinaNC DEQ $275K ARP stormwater grant awarded · Jan 28, 2025$275.7KTown of Plymouth, North CarolinaStormwater Action Plan Grant Contract Approved · Dec 9, 2024UndisclosedNash-Edgecombe Economic Development, Inc., North CarolinaEdgecombe County approves Water Asset Management Grant Award · Nov 6, 2023$307.3KNash-Edgecombe Economic Development, Inc., North CarolinaEdgecombe County approves VUR Sewer System Study Grant Award · Nov 6, 2023$561KAll Nc Environmental contractsVendor profile

More Town of Norwood contracts

Center Rural Volunteer Fire DepartmentNorwood Plans $158K Fire & EMS Contract · May 4, 2026$158KLynn Thomas GradingDowntown Streetscape Contract Awarded to Lynn Thomas Grading · May 4, 2026Nc Department of TransportationTown, NCDOT Agree to Pave Allenton Street · May 4, 2026UndisclosedChambers EngineeringChambers Engineering Chosen for Sewer Asset Study · May 4, 2026UndisclosedAnderson, Smith, & WikeTown Awards FY25-26 Audit to Anderson Smith Wike · May 4, 2026$26.5KAll Town of Norwood activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Norwood?

Nc Environmental was awarded this loan contract by Town of Norwood, as recorded on September 3, 2024. The contract value is $2,000,000.

How much is the Nc Environmental contract with Town of Norwood worth?

The Nc Environmental contract with Town of Norwood is valued at $2,000,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-norwood-regular-meeting-agenda-september-3-2024_29b.pdf (Agenda), dated September 3, 2024 from Town of Norwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nc Environmental hold?

Nc Environmental may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Norwood currently buying?

Explore Town of Norwood's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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