TO: Mayor and Members of City Council
THRU: Timothy L. Bryant, CEO/General Manager
Fayetteville Public Works Commission
FROM: Fayetteville Public Works Commission
DATE: August 11, 2025
RE:
Title
PWC - Adopt Resolution of the City of Fayetteville, North Carolina to Accept an
Amended State Loan Offer under the NC Water Revolving Loan and Grant Act of 1987end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
High Quality Built Environment
Executive Summary:
The Fayetteville Public Works Commission has approved a resolution to accept an Amended State Loan Offer under the NC Water Revolving Loan and Grant Act of 1987 and requests the City Council to adopt a similar resolution accepting the Amended State Loan Offer under the NC Water Revolving Loan and Grant Act of 1987.
Background:
The Fayetteville Public Works Commission, during their June 25, 2025, meeting, adopted the attached PWC Resolution - PWC2025.22 and requests the City Council to adopt a similar resolution at its August 11, 2025, meeting.
In May 2025, the North Carolina Department of Environmental Quality (DEQ) offered PWC an amendment to increase the State Loan for the Big Rockfish Sanitary Sewer Outfall Lift Station Elimination Project by $11,695,071 for a total loan value of $18,380,176 to the terms of 20 years, 0% interest and 2% closing fee. To accept the loan offer, PWC and the City of Fayetteville (City) must adopt a resolution accepting the loan in the form provided by DEQ.
Issues/Analysis:
N/A
Budget Impact:
N/A
Options:
N/A
Recommended Action:
The Fayetteville Public Works Commission recommends the Fayetteville City Council adopt the Resolution of the City of Fayetteville, North Carolina, to Accept an Amended State Loan Offer under the NC Water Revolving Loan and Grant Act of 1987 at its August 11, 2025, City Council session.
Attachments:
PWC Resolution PWC2025.22 - Resolution to Accept an Am...
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