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Loanapproved

town-of-tappahannock-agenda-2025-05-12_7ad.pdf

VRA Loan Approved For Central Park

$2,300,000Town of TappahannockDAVENPORT FINANCIALMay 12, 2025

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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

Description

VRA loan approved for $2.3 million to cover the Central Park Phase 2 project ($2.1M) and a pumper truck ($192,000), with Council evaluating amortization schedules provided for varying loan terms to best allocate funds and plan repayment

Contract Details

Contract Amount

$2,300,000

Vendor

DAVENPORT FINANCIAL

Agency

Town of Tappahannock, VA

Contract Type

Loan

Document Date

May 12, 2025

Contract Term

20 years

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