FINANCIAL_SERVICESAPPROVED

City of Norton Awards Financial Services Contract to Lonesome Pine Regional Industrial Facilities Authority (July 2026)

Norton City Council approved a LPRIFA revenue sharing agreement for the 20,000 square foot Project Intersection building currently occupied by WRAP Technologies, Inc., tying real estate tax proceeds into the regional seven‑share distribution formula. The action enables LPRIFA to begin distributing revenues back to the City and other member localities.

Status
APPROVED
Document date
July 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lonesome Pine Regional Industrial Facilities Authority
Agency
City of Norton · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Ongoing for life of project revenues for 20,000 sq ft building at Project Intersection
Renewal
Project-specific revenue sharing agreement considered perpetual for the duration of the project’s revenue stream; any changes must be pursued through LPRIFA board action initiated by member localities’ appointees.
Document type
AgendaPacket
Source document
City of Norton City Council Meeting Packet 2026-07-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Norton?

Lonesome Pine Regional Industrial Facilities Authority was awarded this financial services contract by City of Norton, as recorded on July 7, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Norton City Council Meeting Packet 2026-07-07 (AgendaPacket), dated July 7, 2026 from City of Norton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lonesome Pine Regional Industrial Facilities Authority hold?

Lonesome Pine Regional Industrial Facilities Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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