Richmond extension - everything's coming up love - Richmond County Center | North Carolina Cooperative Extension


Under the newly amended ordinance, Council will now be represented on the Foundation's Board of Directors and its Executive Committee by 2nd District Councilman Bill Pantele and 6th District Councilwoman Ellen Robertson . The two will have the same voting authority as the Foundation's other board members. Also, the Foundation must now furnish Council and Mayor Wilder with monthly written reports comparing receipts of funds with all binding commitments it has received.

The Water Commissioners have been hard at work finalizing their application to USDA for federally subsidized funding for the West Main Utility Extension.  In late December, the Commissioners agreed to apply for a 100% loan option from USDA at % interest – an historically low rate that was set to increase in January 2017.  The other option available was to apply for a grant/loan combination which we were told was highly competitive.  Due to the later timing, the loan part of the grant/loan would be at a higher interest rate.  We calculated that we’d need at least 30% in grants to offset the higher interest rates, and the likelihood of a grant award of 30% or greater was not good.  This does not preclude the Commissioners from applying for a partial grant, or taking advantage of more favorable programs if they come along in the next few years.  As of today, the % interest loan was the best offer we are eligible for – and we’ve been granted conditional approval with USDA funding now obligated to the project in the amount of $ million – the same amount as approved in a bond vote for the project in March of 2015.


Richmond Extension - Everything's Coming Up LoveRichmond Extension - Everything's Coming Up LoveRichmond Extension - Everything's Coming Up LoveRichmond Extension - Everything's Coming Up Love

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