FINANCIAL_SERVICESAPPROVED

Hampton Road Sanitation District (HRSD) Awards Financial Services Contract to Virginia Resources Authority (June 2026)

HRSD will enter into a Financing Agreement with the Virginia Resources Authority for a 20-year, $6,439,410 wastewater revenue bond at 1.2% interest to fund the Army Base Treatment Plant Generator Controls Replacement project. The low-interest loan is expected to save approximately $2.95 million compared to market-rate debt.

Status
APPROVED
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Resources Authority
Agency
Hampton Road Sanitation District (HRSD) · VA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Loan award $6,439,410 at 1.2% interest for 20 years
Contract type
FINANCIAL_SERVICES
Contract term
20-year loan at fixed 1.2% interest, not later than December 1, 2049
Renewal date
2049-12-01
Renewal
Fixed-term loan under Virginia Community Flood Preparedness Fund; no renewal options, with maturity not later than December 1, 2049.
Document type
AgendaPacket
Source document
Hampton Roads Sanitation District Agenda Packet 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hampton Road Sanitation District (HRSD)?

Virginia Resources Authority was awarded this financial services contract by Hampton Road Sanitation District (HRSD), as recorded on June 23, 2026. The contract value is Loan award $6,439,410 at 1.2% interest for 20 years.

How much is the Virginia Resources Authority contract with Hampton Road Sanitation District (HRSD) worth?

The Virginia Resources Authority contract with Hampton Road Sanitation District (HRSD) is valued at Loan award $6,439,410 at 1.2% interest for 20 years, 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 Hampton Roads Sanitation District Agenda Packet 2026-06-23 (AgendaPacket), dated June 23, 2026 from Hampton Road Sanitation District (HRSD). 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 Hampton Road Sanitation District (HRSD) currently buying?

Explore Hampton Road Sanitation District (HRSD)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Hampton Road Sanitation District (HRSD)'s profile

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