Loan Agreementapproved

town_of_laurel_park_town_council_regular_meeting_a.pdf

North Carolina State Treasurer approves $676,826.96 disaster response loan to Laurel Park

$676,826.96Town of Laurel ParkNORTH CAROLINA DEPARTMENT OF STATE TREASURERSeptember 16, 2025

Trusted by teams at

Description

North Carolina Department of State Treasurer approved a $676,826.96 loan agreement with Town of Laurel Park for disaster response activities related to Hurricane Helene, effective upon execution until full repayment by 2030.

Contract Details

Contract Amount

$676,826.96

Vendor

NORTH CAROLINA DEPARTMENT OF STATE TREASURER

Agency

Town of Laurel Park, NC

Contract Type

Loan Agreement

Document Date

September 16, 2025

Contract Term

Effective upon execution until full repayment, no later than the earlier of the five-year anniversary of the Round 3 Loan Date or June 30, 2030

Renewal Date

Renewal Info

Loan agreement includes repayment schedule with installments due by June 30, 2027, 2028, 2029, and 2030

More from NORTH CAROLINA DEPARTMENT OF STATE TREASURER

Related Contracts

Town of Mars Hill Budget FY 2026-2027 2026-06-01

ONGOING

Town of Mars Hill (North Carolina)Estimated $45,000 additional membership fee (total additional cost estimate); premium costs not finalizedJune 1, 2026

Yancey County Board of Commissioners Meeting Agenda Packet 2026-03-09

AMENDED

Yancey County (North Carolina)$3,680,783.49 (Round 1); $2,428,779.00 (Round 2); $1,920,977.13 (Round 3)March 9, 2026

city-of-hendersonville-city-council-regular-meeting-agenda-august-7-2025_d50.pdf

AMENDED

City of Hendersonville (North Carolina)August 7, 2025

town_council_regular_meeting_agenda_july_15_2025.pdf

approved

Town of Laurel Park (North Carolina)$997,840.48July 15, 2025

caldwell-county-board-of-commissioners-meeting-agenda-july-14-2025_2b9.pdf

approved

Caldwell County (North Carolina)$1,146,530.45July 14, 2025

Issuing Agency