USDA/RD Offers Additional Funding for Lovingston Sewer Project

USDA/RD has offered NCSA an additional $4,124,776 in combined grants and low-interest loans to address increased costs in the Lovingston sewer rehabilitation project, including two grants and two 40-year loans at estimated rates of 1.375% and 2.25%. NCSA will work with project engineers and USDA to finalize an amended Letter of Conditions and prepare the project for bidding.

Scope & details

The full contract record, as filed.

Contract amount

$4,124,776 total additional assistance (NTE Initial Grant $1,594,000; Subsequent Grant $1,439,000; NTE Initial Loan $641,000 at est. 1.375% for 40 years; Subsequent Loan $450,776 at est. 2.25% for 40 years)

Contract type

FINANCIAL_SERVICES

Contract term

Loans: 40 years at estimated 1.375% and 2.25% interest

Renewal

Additional USDA/RD loan and grant assistance will be formalized through an amended USDA/RD Letter of Conditions for the Lovingston sewer rehabilitation project.

Document type

Report

Source document

Nelson County Administrator's Report for August 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Nelson County?

USDA/RD was awarded this financial services contract by Nelson County, as recorded on August 11, 2026. The contract value is $4,124,776 total additional assistance (NTE Initial Grant $1,594,000; Subsequent Grant $1,439,000; NTE Initial Loan $641,000 at est. 1.375% for 40 years; Subsequent Loan $450,776 at est. 2.25% for 40 years).

How much is the USDA/RD contract with Nelson County worth?

The USDA/RD contract with Nelson County is valued at $4,124,776 total additional assistance (NTE Initial Grant $1,594,000; Subsequent Grant $1,439,000; NTE Initial Loan $641,000 at est. 1.375% for 40 years; Subsequent Loan $450,776 at est. 2.25% for 40 years), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Nelson County Administrator's Report for August 11, 2026 (Report), dated August 11, 2026 from Nelson County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does USDA/RD hold?

USDA/RD may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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