Town of Washington Park Minutes May 4, 2026
CEF to Partner with Town for Septic Loan Program
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Description
The Town plans to partner with Clean Energy Fund of the Carolinas to back and administer the revolving loan portion of the CAWAG Pilot Septic Program. CEF will manage the loan program, charging 2%-2.5% interest and a 2% closing fee, with up to 20-year payback.
Contract Details
Vendor
CLEAN ENERGY FUND (CEF) OF THE CAROLINAS
Agency
Town of Washington Park, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Up to 20 years (loan program duration)
Renewal Date
2027-01-31
Renewal Info
Pending finalization. 2% closing fee due when contract is finalized, expected early 2027.
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