Town of Richlands Regular Monthly Meeting Minutes 2026-03-10
Richlands Generator Project with Quantum Ongoing Into 2027
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Description
The Town of Richlands continues its contract with Quantum for the Generator Project, funded through a mix of grants and low-interest loans coordinated with the Tobacco Commission. The project's completion timeline has shifted to 2027 with loan payments extending to 2050.
Contract Details
Vendor
QUANTUM
Agency
Town of Richlands, VA
Contract Type
CONSTRUCTION
Document Date
March 10, 2026
Contract Term
Loan until 2050; project timeline shifted from 2025 to 2027
Renewal Date
2050-12-31
Renewal Info
Long-term loan; the project timeline was amended from 2025 to 2027. Subject to oversight by the Tobacco Commission and milestone deliverables.
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