Funding

Charlotte Water will provide wastewater treatment services for the City of Mount Holly and the City of Belmont under an intra-governmental service agreement with these municipalities. The City of Belmont and the City of Mount Holly have both signed detailed wastewater treatment service agreements with Charlotte Water which outline the facility design, project construction details, project financing, facility operations, and facility ownership.

Charlotte Water will provide initial funding for the design, permitting, and construction of the Stowe Regional Water Resource Recovery Facility, as well as the wastewater collection system additions that will provide wastewater system linkage for our regional wastewater management partners. Mount Holly and Belmont will each reimburse the cost for the design, permitting, and construction of their respective project components as outlined in their agreements with Charlotte Water.  The City of Mt. Holly has secured a Clean Water State Revolving Loan (CWSRF) to help offset some of their financial contributions. Belmont will ultimately seek funding as well.

Charlotte Water will own and operate the system, including the pumping and pipes needed to connect Belmont and Mount Holly.

Funding allocations for the Stowe Regional Water Resource Recovery Facility and the wastewater collection system additions were included in Charlotte Water’s Community Investment Plan. Funding for the design, permitting, and construction of the Stowe Regional Water Resource Recovery Facility and the wastewater collection system additions will be financed from Charlotte Water’s Revenue Bonds.