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Council authorizes application for installment financing and approves budget amendments to fund capital projects
2103064 · January 10, 2025
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Summary
Council authorized staff on Jan. 9 to file an application with the Local Government Commission for an installment financing agreement of approximately $9.9 million to close funding gaps on a build-grant project and a stormwater pipe replacement program.
Greenville City Council on Jan. 9 authorized staff to apply to the North Carolina Local Government Commission for approval of an installment financing agreement to fund a gap for the build grant and a public-works stormwater pipe replacement project.
Chief Financial Officer Jacob Joiner told council the anticipated financing…
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