The Raleigh City Council voted unanimously to apply for funds from the federal economic stimulus package to pay for improvements to the City’s wastewater, drinking water and stormwater systems. The resolution approved by council members authorizes City Manager J. Russell Allen to seek grants and loans from the economic stimulus package. Stimulus funding is being made available through the North Carolina State Revolving Fund. Projects selected by the State for stimulus funding will be eligible for up to $3 million in no-interest loans or grants. The City of Raleigh also must provide funds for the selected projects.
The City is seeking stimulus funding for 11 wastewater, drinking water and stormwater improvement projects. The projects total approximately $40 million. For complete list please click here.