FINANCIAL_SERVICESPENDING

VDH Offers SRF Package for Madison Water Upgrades

The Virginia Department of Health offered Rapidan Service Authority a $6.04 million Drinking Water State Revolving Fund package for Town of Madison water system resiliency and capacity improvements, combining grant-like principal forgiveness with a low-interest loan. Board acceptance of the initial offer will allow RSA to proceed toward a future loan closing pending final terms and credit review.

Status
PENDING
Document date
May 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Department of Health
Agency
Rapidan Service Authority · 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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$6,038,281 (including $1,310,640 principal forgiveness and $4,727,641 loan)
Contract type
FINANCIAL_SERVICES
Contract term
20-year or 30-year loan term option, to be selected at closing
Renewal
Initial SRF funding offer; final binding loan agreement, term selection, and any future refinancing or amendments will occur at a later Board-approved closing.
Document type
AgendaPacket
Source document
Rapidan Service Authority AgendaPacket Board of Members Meeting 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Rapidan Service Authority?

Virginia Department of Health was awarded this financial services contract by Rapidan Service Authority, as recorded on May 21, 2026. The contract value is $6,038,281 (including $1,310,640 principal forgiveness and $4,727,641 loan).

How much is the Virginia Department of Health contract with Rapidan Service Authority worth?

The Virginia Department of Health contract with Rapidan Service Authority is valued at $6,038,281 (including $1,310,640 principal forgiveness and $4,727,641 loan), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Rapidan Service Authority AgendaPacket Board of Members Meeting 2026-05-21 (AgendaPacket), dated May 21, 2026 from Rapidan Service Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Department of Health hold?

Virginia Department of Health 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 Department of Health's profile

What is Rapidan Service Authority currently buying?

Explore Rapidan Service Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Rapidan Service Authority's profile

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