Agenda Review Meeting June 2, 2025

Fletcher Town Council · June 2, 2025

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Potential federal revolving loan/grant for decentralized wastewater/sewer extension

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0:00 → 3:38(3m 38s)

Town Manager introduced a potential competitive application for federal revolving loan funds (about $22 million available for decentralized wastewater systems). She said the town could partner with a council of governments ("Land of Sky") as the administering agent, that the program is structured as 0% interest loans with 100% principal forgiveness in this category (effectively a grant), and estimated the local project to extend sewer lines to three streets would cost roughly $1 million with a 2% application fee on estimated cost. She emphasized septic failures in the area after HurricaneHelen

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Town staff briefed the council on pursuing a competitive federal revolving loan fund (about $22 million available) to extend sewer service to three neighborhood streets, updates to the draft budget and a public hearing next week, park and bridge repair bids (deadline extended), street resurfacing complaints, and progress with a prospective Town Center developer.

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