Charlotte seeks $38.5m state revolving fund loan for Belmont wastewater works

Charlotte seeks $38.5m state revolving fund loan for Belmont wastewater worksCharlotte Water has received council authority to apply for low-interest Clean Water State Revolving Fund financing for a lift station and force main serving Belmont. The proposed funding includes an interest-free construction period, with repayments beginning after project completion.

Council approved Charlotte Water's application for up to $38.5 million from North Carolina's Clean Water State Revolving Fund.

The financing would support construction of the Belmont Lift Station and Force Main as part of the Stowe Regional Wastewater Plant project.

The federally funded state programme is administered by the North Carolina Department of Environmental Quality and the Local Government Commission.

Charlotte Water's Capital Investment Plan is identified as the project funding source.

Charlotte City Council has authorized Charlotte Water to apply for up to $38.5 million in financing from the North Carolina Clean Water State Revolving Fund (CWSRF) for the Belmont Lift Station and Force Main. The council approved the resolution at its 28 September business meeting, authorizing the utility to submit the application to the North Carolina Department of Environmental Quality and to take the actions needed to complete financing, including obtaining Local Government Commission approval. The proposed loan would fund construction of wastewater infrastructure intended to serve Belmont as part of the Stowe Regional Wastewater Plant project. The agenda material does not specify the capacity, route or construction schedule for the lift station and force main. North Carolina's CWSRF is a federally funded programme offering low-interest loans for clean-water projects. It is administered by the state Department of Environmental Quality and the Local Government Commission. Charlotte Water has previously received funding through the programme, according to the council agenda. A key financing feature is an interest-free construction period. Payments would begin after the project is completed, rather than during construction. The Belmont works are listed in Charlotte Water's Capital Investment Plan. The council's action authorizes an application rather than awarding the financing; the requested amount is capped at $38.5 million. The resolution was adopted after the mayor called for a vote and no opposition was recorded.