City of Danville Awards Consulting Contract to Cherry Bekaert Advisory LLC (January 2026)
City of DanvilleCity · Danville, VA- Disclosed value
- Multiple fees: $30,000 signing fee (reduced to $20,000 if returned by 1/30/2026), $30,000 submission fee, 1% of NMTC allocation awarded (success fee), various annual fees for ancillary and compliance services, project management tool $5,000/year, plus other potential fixed and hourly fees.
- From agenda
- Approved
- Jan 13, 2026
The 30-second brief
The IDA of Danville authorized a comprehensive consulting agreement with Cherry Bekaert Advisory, LLC for New Markets Tax Credit application preparation, compliance, and related services for the 2026 cycle. Fee arrangement is multi-tiered with both fixed and success-based components.
Cherry Bekaert Advisory LLC holds this consulting contract with City of Danville. Its other public contracts on record include work for Suwannee County and Lehigh Career and Technical Institute.
Term as filed: Ongoing; initial application and compliance services for 2026 NMTC application cycle and beyond.
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Contract details
- Contract type
- Consulting
- Amount
- Multiple fees: $30,000 signing fee (reduced to $20,000 if returned by 1/30/2026), $30,000 submission fee, 1% of NMTC allocation awarded (success fee), various annual fees for ancillary and compliance services, project management tool $5,000/year, plus other potential fixed and hourly fees.
- Document date
- January 13, 2026
- Term
- Ongoing; initial application and compliance services for 2026 NMTC application cycle and beyond
- Agency
- City of Danville
- Source document
- Industrial Development Authority Regular Meeting Agenda January 2026 (Agenda)
Cherry Bekaert Advisory LLC's other public contracts
More City of Danville contracts
Questions about this contract
Who was awarded the consulting contract by City of Danville?
Cherry Bekaert Advisory LLC was awarded this consulting contract by City of Danville, as recorded on January 13, 2026. The contract value is Multiple fees: $30,000 signing fee (reduced to $20,000 if returned by 1/30/2026), $30,000 submission fee, 1% of NMTC allocation awarded (success fee), various annual fees for ancillary and compliance services, project management tool $5,000/year, plus other potential fixed and hourly fees..
How much is the Cherry Bekaert Advisory LLC contract with City of Danville worth?
The Cherry Bekaert Advisory LLC contract with City of Danville is valued at Multiple fees: $30,000 signing fee (reduced to $20,000 if returned by 1/30/2026), $30,000 submission fee, 1% of NMTC allocation awarded (success fee), various annual fees for ancillary and compliance services, project management tool $5,000/year, plus other potential fixed and hourly fees., covering consulting work.
What type of contract is this?
This is a Consulting contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Industrial Development Authority Regular Meeting Agenda January 2026 (Agenda), dated January 13, 2026 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cherry Bekaert Advisory LLC hold?
Cherry Bekaert Advisory LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Danville currently buying?
Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.