Rapidan Service Authority AgendaPacket Board of Members Meeting 2026-05-21
VDH Loan Offer Supports Wilderness Phase 2 Planning
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Description
The Virginia Department of Health extended a $5.57 million Drinking Water State Revolving Fund loan offer to Rapidan Service Authority to initiate Phase 2 planning for the Germanna-Wilderness water improvements. Acceptance will position RSA to fund land acquisition and engineering design ahead of major treatment plant upgrades.
Contract Details
Contract Amount
$5,566,000 (100% loan)
Vendor
VIRGINIA DEPARTMENT OF HEALTH
Agency
Rapidan Service Authority, VA
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
20-year loan term (or design life of project, whichever is less)
Renewal Info
Initial SRF funding offer; final loan amount and formal agreement will be set at closing, with potential expedited-closing interest rate reduction if executed within 12 months of award letter.
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