Butner Public Safety Awards $800,000 Financial Services Contract to Wake Electric Membership Corporation (October 2026)

The Butner Town Council authorized an application for $800,000 in zero-interest ladder truck financing from Wake Electric Membership Corporation. The proposed loan would be repaid over 10 years at $80,000 annually, subject to Local Government Commission approval.

Document date · October 1, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$800,000

Contract type

FINANCIAL_SERVICES

Contract term

10 years; $80,000 annual payments at 0% interest

Renewal

Proposed 10-year installment financing; execution is contingent on Local Government Commission approval and final loan documents.

Document type

Agenda

Source document

Town of Butner Agenda October 1, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Butner Public Safety?

Wake Electric Membership Corporation was awarded this financial services contract by Butner Public Safety, as recorded on October 1, 2026. The contract value is $800,000.

How much is the Wake Electric Membership Corporation contract with Butner Public Safety worth?

The Wake Electric Membership Corporation contract with Butner Public Safety is valued at $800,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Butner Agenda October 1, 2026 (Agenda), dated October 1, 2026 from Butner Public Safety. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wake Electric Membership Corporation hold?

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

View Wake Electric Membership Corporation's profile

What is Butner Public Safety currently buying?

Explore Butner Public Safety's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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