City of Newton Council Meeting Agenda Packet May 2026
Energy Efficiency Grant Recommended for Sterchi Project
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Description
City staff recommended approval of a $50,000 Energy Grant Program award to Patrick Sterchi to support a $309,325 energy efficiency project. The grant will be reimbursed against eligible expenses and requires job creation and five years of compliance secured by a lien.
Contract Details
Contract Amount
$50,000
Vendor
STERCHI, PATRICK
Agency
City of Newton, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
Five-year performance period with compliance requirements
Renewal Date
2031-05-05
Renewal Info
Five-year performance agreement secured by a lien; funds must be repaid on a prorated basis (or in full if sold) if the business relocates, is sold, or falls out of compliance within five years.
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