morehead_city_fy2026_adopted_budget.pdf
DEQ Loan Backs Force-Main Project
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Description
Morehead City is repaying NC DEQ’s $2.75 million loan for West End force-main construction through 2038.
Contract Details
Contract Amount
$2,750,000
Vendor
NORTH CAROLINA DEPARTMENT OF ENVIRONMENTAL QUALITY
Agency
City of Morehead, NC
Contract Type
FINANCIAL_SERVICES
Document Date
February 21, 2026
Contract Term
20-year revolving loan dated May 9 2016 at 1.66 percent; final payment May 1 2038
Renewal Date
2038-05-01
Renewal Info
Fixed 20-year term.
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