FINANCIAL_SERVICESAWARDED

Town of Abingdon Awards Financial Services Contract to Virginia Resources Authority (August 2026)

The Town of Abingdon Council authorized issuance and sale of a General Obligation and Sewer Revenue Bond of up to $5,701,200 to the Virginia Resources Authority to fund capital improvements to the Town’s wastewater system. The no-interest bond will be repaid over a term of up to 40 years and is secured by both ad valorem taxes and wastewater system revenues.

Status
AWARDED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Resources Authority
Agency
Town of Abingdon · VA

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $5,701,200
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years from the date of the Bond
Renewal
Single long-term bond issuance with no renewals; principal amortized in equal semiannual installments with a final installment due no later than 40 years from the bond date. Optional prepayment terms are set forth in the Financing Agreement.
Document type
AgendaPacket
Source document
Town of Abingdon AgendaPacket Council Meeting 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Abingdon?

Virginia Resources Authority was awarded this financial services contract by Town of Abingdon, as recorded on August 3, 2026. The contract value is Not to exceed $5,701,200.

How much is the Virginia Resources Authority contract with Town of Abingdon worth?

The Virginia Resources Authority contract with Town of Abingdon is valued at Not to exceed $5,701,200, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Abingdon AgendaPacket Council Meeting 2026-08-03 (AgendaPacket), dated August 3, 2026 from Town of Abingdon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Resources Authority hold?

Virginia Resources 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.

View Virginia Resources Authority's profile

What is Town of Abingdon currently buying?

Explore Town of Abingdon's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Abingdon's profile

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