The town of approximately 2,000 residents received a grant in the amount of $2,295,000 and a loan for $2,304,000 for wastewater system improvements, according to a release by U.S. Senator Kay Hagan.
“We’re very excited to have received this from (U.S. Department of Agriculture),” Mayor Kenneth Smith said. “It’s a great opportunity for the citizens of Beulalville; we very much appreciate the assistance.”
He said the town just completed repairs to some of the town’s sewer lines.
“Our treatment plant has been under a moratorium for many years, and this will give us the opportunity to bring it up to specification and codes and help us grow as a town,” he said.
The USDA loan was provided to the town with an interest rate of 3.25-percent and a 40-year term, according to Scotty Summerlin, the town manager.
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