FINANCIAL_SERVICESONGOING

NCDEQ Loan Finances Smithfield Water Plant Upgrade

The Town of Smithfield is repaying a $12,050,000 NCDEQ loan at 1.11% interest for its water plant expansion, with maturity on May 1, 2043. This long-term financing underpins recent water system improvements.

Status
ONGOING
Document date
June 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
NCDEQ
Agency
Town of Smithfield · 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 amount
$12,050,000
Contract type
FINANCIAL_SERVICES
Contract term
20 years; April 9, 2023 – May 1, 2043
Renewal date
2043-05-01
Renewal
Fixed 20-year NCDEQ infrastructure loan scheduled to mature May 1, 2043; no renewal options specified.
Document type
Budget
Source document
Town of Smithfield Adopted Budget 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Smithfield?

NCDEQ was awarded this financial services contract by Town of Smithfield, as recorded on June 2, 2026. The contract value is $12,050,000.

How much is the NCDEQ contract with Town of Smithfield worth?

The NCDEQ contract with Town of Smithfield is valued at $12,050,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Smithfield Adopted Budget 2026-06-02 (Budget), dated June 2, 2026 from Town of Smithfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does NCDEQ hold?

NCDEQ 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 Town of Smithfield currently buying?

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

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