The Town of Carthage adopted a resolution for the sale and issuance of $3,448,000 in revenue bonds at a special meeting on Oct. 11 to meet the town’s critical sewer capacity limits.
In a March 2021 budget workshop, there was concern that the town could max out the sewer capacity due to increasing development activity.
The revenue bonds will finance the town’s water and sanitary sewer system, and the installation of approximately 34,000 feet of 16-inch sewer force main and upgrading and replacing sewer pump stations.
The resolution is a step in satisfying the United States Department of Agriculture requirements in the internal financing of the bonds. The funding is provided by USDA-Rural Development.
“The contractors are ready, and we will know Monday if we have met all the USDA requirements,” Town Manager Tom Robinson said.
According to Robinson, the project is expected to be complete in January 2023.
This resolution will fund the second phase of sewer expansion to meet the town’s needs during its growth.
The project will give approximately 750,000 gallons per day in additional capacity for development activities in the central area downtown.
The town is working with Mark Lacy at LKC Engineering in plans to develop the new 16-inch sewer line to extend from N.C. Highway 22 and McCaskill Road southward along U.S. Highway 15-501 and tie onto Moore County’s 30-inch sewer line.
~Written by Sandhills Sentinel Journalist Stephanie M. Sellers.
Photo by Sandhills Sentinel Photographer Melissa Schaub.