Utilities Infrastructure Loan With US Bank Nears Maturity
Town of LovettsvilleCity · VA- Disclosed value
- $1,305,000 original; $710,000 principal balance (as of 6/30/25)
- From budget
- Document date
- Jun 16, 2026
- Renews
- Free account
The 30-second brief
US Bank, via the Virginia Resources Authority Pooled Financing Program, finances town utilities projects, with $710,000 principal outstanding and a 3.125% rate, maturing October 2027.
Us Bank (Virginia Resources Authority Pooled Financing Program) holds this financial services contract with Town of Lovettsville.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,305,000 original; $710,000 principal balance (as of 6/30/25)
- Document date
- June 16, 2026
- Term
- Origination: 2015; Maturity: October 2027
- Renews
- On record
- Vendor
- Us Bank (Virginia Resources Authority Pooled Financing Program)
- Agency
- Town of Lovettsville
- Source document
- Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget)
Us Bank (Virginia Resources Authority Pooled Financing Program)'s other public contracts
More Town of Lovettsville contracts
Questions about this contract
Who was awarded the financial services contract by Town of Lovettsville?
Us Bank (Virginia Resources Authority Pooled Financing Program) was awarded this financial services contract by Town of Lovettsville, as recorded on June 16, 2026. The contract value is $1,305,000 original; $710,000 principal balance (as of 6/30/25).
How much is the Us Bank (Virginia Resources Authority Pooled Financing Program) contract with Town of Lovettsville worth?
The Us Bank (Virginia Resources Authority Pooled Financing Program) contract with Town of Lovettsville is valued at $1,305,000 original; $710,000 principal balance (as of 6/30/25), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a budget record.
Where was this contract approved?
This contract appears in Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget), dated June 16, 2026 from Town of Lovettsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Town of Lovettsville currently buying?
Explore Town of Lovettsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.