Forest City Considers $10M State Water Loan
City of ForestCity · Forest City, NC- Disclosed value
- $10,000,000 State Revolving Loan, including $8,750,000 in principal forgiveness and $1,250,000 in loans at 0% interest
- From agendapacket
- Document date
- Sep 14, 2026
- Renews
- Free account
The 30-second brief
Forest City is considering acceptance of a $10 million North Carolina Department of Environmental Quality State Revolving Loan for water system resiliency improvements. The offer provides $8.75 million in principal forgiveness and $1.25 million in zero-interest financing over 20 years.
North Carolina Department of Environmental Quality holds this financial services contract with City of Forest. Its other public contracts on record include work for Chatham County and Town of Oak Island.
The renewal date is on record. A free account shows it, with the renewals for every City of Forest contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $10,000,000 State Revolving Loan, including $8,750,000 in principal forgiveness and $1,250,000 in loans at 0% interest
- Document date
- September 14, 2026
- Term
- 20 years at 0% interest for the $1,250,000 loan portion
- Renews
- Free account
- Agency
- City of Forest
- Source document
- Town of Forest City AgendaPacket Regular Council Meeting 2026-09-14 (AgendaPacket)
North Carolina Department of Environmental Quality's other public contracts
More City of Forest contracts
Questions about this contract
Who was awarded the financial services contract by City of Forest?
North Carolina Department of Environmental Quality was awarded this financial services contract by City of Forest, as recorded on September 14, 2026. The contract value is $10,000,000 State Revolving Loan, including $8,750,000 in principal forgiveness and $1,250,000 in loans at 0% interest.
How much is the North Carolina Department of Environmental Quality contract with City of Forest worth?
The North Carolina Department of Environmental Quality contract with City of Forest is valued at $10,000,000 State Revolving Loan, including $8,750,000 in principal forgiveness and $1,250,000 in loans at 0% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Town of Forest City AgendaPacket Regular Council Meeting 2026-09-14 (AgendaPacket), dated September 14, 2026 from City of Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does North Carolina Department of Environmental Quality hold?
North Carolina Department of Environmental Quality may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Forest currently buying?
Explore City of Forest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.