CONTRACTPENDING

State Financing Planned for Redundant Water Line

Disclosed value: $4,654,000.00; From minutes
Document date: Feb 19, 2026

What it covers

Reidsville plans to secure a $4.65 million State of North Carolina loan at 0.10% interest to finance a redundant water line project over 20 years, enhancing system reliability.

Who holds it

State of Nc holds this financial services contract with City of Reidsville. Its other public contracts on record include work for Davie County and City of Asheville.

What happens next

Term as filed: 20 years at 0.10% interest (project in process).

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Contract details

Contract type: Financial Services
Amount: $4,654,000.00
Document date: February 19, 2026
Term: 20 years at 0.10% interest (project in process)
Vendor: State of Nc
Agency: City of Reidsville
Source document: City of Reidsville Minutes 2026 Retreat February 19-20, 2026 (Minutes)

State of Nc's other public contracts

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Questions about this contract

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

State of Nc was awarded this financial services contract by City of Reidsville, as recorded on February 19, 2026. The contract value is $4,654,000.00.

How much is the State of Nc contract with City of Reidsville worth?

The State of Nc contract with City of Reidsville is valued at $4,654,000.00, covering financial services work.

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 Reidsville Minutes 2026 Retreat February 19-20, 2026 (Minutes), dated February 19, 2026 from City of Reidsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does State of Nc hold?

State of Nc 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 Reidsville currently buying?

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

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