City of Lenoir Committee of the Whole Meeting Minutes February 2026
USDA Loan via Blue Ridge Energy Funds Fire Truck Purchase
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Description
Blue Ridge Energy, via the USDA Rural Economic Development Loan Program, awarded the City of Lenoir a $1,180,000 0% interest loan over 7 years to fund a new ladder fire truck.
Contract Details
Contract Amount
$1,180,000 loan at 0% interest, 7-year term
Vendor
BLUE RIDGE ENERGY
Agency
City of Lenoir, NC
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
7 years
Renewal Date
2033-02-24
Renewal Info
7-year 0% interest term; renewal not indicated.
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