Town of Boones Mill Town Manager's Report 2026-04-14
Carter Bank & Trust Provides Leverage for Revitalization
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Description
Carter Bank & Trust committed $450,000 in private investment as leverage for Boones Mill’s Downtown Revitalization CDBG project. The funds must be spent prior to or proportionally with CDBG grant dollars by activity.
Contract Details
Contract Amount
$450,000 (private investment leverage commitment)
Vendor
CARTER BANK & TRUST
Agency
Town of Boones Mill, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Renewal Date
2028-03-10
Renewal Info
Leverage commitment is tied to the life of the CDBG project budget and must be expended before or proportionally with CDBG funds.
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