FINANCIAL_SERVICESDISCUSSSED

City Plans REDLG Loan With Blue Ridge Energy

The City of Lenoir’s proposed FY 2026-27 budget includes borrowing for a new 107-foot ladder quint fire truck through a seven-year, zero-interest REDLG loan with Blue Ridge Energy. The financing arrangement will support major fire equipment acquisition without using fund balance.

Status
DISCUSSSED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Blue Ridge Energy
Agency
City of Lenoir · NC

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
7-year, 0% interest loan
Renewal
Planned new 7-year 0% REDLG loan to be executed upon adoption of the FY 2026-27 budget and completion of financing documents.
Document type
Minutes
Source document
City of Lenoir City Council Meeting Minutes 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lenoir?

Blue Ridge Energy was awarded this financial services contract by City of Lenoir, as recorded on May 19, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Lenoir City Council Meeting Minutes 2026-05-19 (Minutes), dated May 19, 2026 from City of Lenoir. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Blue Ridge Energy hold?

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

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What is City of Lenoir currently buying?

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

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