Lake Lure Considers $5 Million Disaster Cashflow Loan
Lake Lure Police DepartmentCity Department · Lake Lure, NC- Disclosed value
- Principal amount not to exceed $5,000,000.00
- From agendapacket
- Document date
- Oct 28, 2026
- Renews
- Free account
The 30-second brief
Lake Lure Town Council is considering approval of a cashflow loan agreement with the North Carolina Department of State Treasurer for up to $5 million. The interest-free loan would provide interim funding for Hurricane Helene response costs and must be repaid as FEMA reimbursements arrive, with final repayment due by June 30, 2030.
North Carolina Department of State Treasurer holds this financial services contract with Lake Lure Police Department. Its other public contracts on record include work for Town of Mars Hill and Yancey County.
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Contract details
- Contract type
- Financial Services
- Amount
- Principal amount not to exceed $5,000,000.00
- Document date
- October 28, 2026
- Term
- Effective upon execution; repayment as FEMA reimbursements are received, with all outstanding principal due no later than June 30, 2030
- Renews
- On record
- Source document
- Town of Lake Lure AgendaPacket Town Council Meeting Packet 2026-10-28 (AgendaPacket)
North Carolina Department of State Treasurer's other public contracts
More Lake Lure Police Department contracts
Questions about this contract
Who was awarded the financial services contract by Lake Lure Police Department?
North Carolina Department of State Treasurer was awarded this financial services contract by Lake Lure Police Department, as recorded on October 28, 2026. The contract value is Principal amount not to exceed $5,000,000.00.
How much is the North Carolina Department of State Treasurer contract with Lake Lure Police Department worth?
The North Carolina Department of State Treasurer contract with Lake Lure Police Department is valued at Principal amount not to exceed $5,000,000.00, 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 Lake Lure AgendaPacket Town Council Meeting Packet 2026-10-28 (AgendaPacket), dated October 28, 2026 from Lake Lure Police Department. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does North Carolina Department of State Treasurer hold?
North Carolina Department of State Treasurer 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 Lake Lure Police Department currently buying?
Explore Lake Lure Police Department's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.